Today the House voted for the 2 trillion dollar Stimulus bill in response to the corona virus. Trump then immediately signed it, some people are happy others are skeptical, but what’s in the actual bill?
Personally, we can not find the actual document at this time, but when we do we will make sure to include a PDF of the whole entire bill on another post. For now, let us go over how the cash is distributed, and you can draw your own conclusions from that.
- Direct payments of $1,200 to most individuals making up to $75,000, or $2,400 for couples making up to $150,000. Each dependent child increases the amount by an additional $500. The amount decreases $5 for every $100 over $75,000 of how much more is made, and payments cut off for those above $99,000.
- Unemployment benefits that boost the maximum benefit by $600 per week and provide laid-off workers full pay for four months.
- $367 billion in loans for small businesses
- $150 billion for state and local governments
- $130 billion for hospitals
- $500 billion in loans for larger industries, including $25 billion for passenger airlines;
- $4 billion for carriers
- $3 billion for aviation contractors
- $17 billion for “businesses critical to maintaining national security.
- Creation of an oversight board and inspector general to oversee loans to large companies
- Measure prohibiting companies, owned by President Trump and his family, from receiving federal relief
- $25 million for the John F. Kennedy Center for the Performing Arts
- $400 million for election security grants