Here Are the Details of the 900 Billion Aid Package Congress Is Expected to Pass
After months of failure, lawmakers were able to agree to a stimulus package with these components, according to CNBC.
In short, the package includes additional small business aid, $600 direct payments to eligible Americans, additional unemployment support, and COVID vaccine resources. Lawmakers passed the bill on Monday as part of a $1.4 trillion government funding bill. The long-awaited package is overdue as many Americans are struggling to make ends meet.
However, many economists and lawmakers believe this bill isn't enough to help businesses and individuals that have suffered amid the pandemic. President-elect Joe Biden supposedly wants to pass another stimulus aid package after he takes office on January 20.
The details of the package are as follows:
- Funding to support an additional $300 per-week in unemployment insurance through mid-March.
- $284 billion in additional funding for the Paycheck Protection Program
- $600 direct payments to most Americans
- extend the federal eviction moratorium through Jan 31.
- $8 billion in funding to help aid the distribution of COVID-19 vaccines.
- $13 billion into the Supplemental Nutrition Assistance Program
- $45 billion in funding for the transportation industry
- $82 billion for education
- $10 billion for child care assistance
- $7 billion for increased broadband access.
“We are going to stay until we finish tonight,” McConnell said. The Senate would require unanimous support to push the bill through on Monday.
“The bill today is a good bill. Today is a good day,” Senate Minority Leader Chuck Schumer, D-N.Y., said Monday. “But it is certainly not the end of the story, and it cannot be the end of the story.”