Global Statistics

All countries
Updated on August 10, 2022 3:58 pm
All countries
Updated on August 10, 2022 3:58 pm
All countries
Updated on August 10, 2022 3:58 pm

Global Statistics

All countries
Updated on August 10, 2022 3:58 pm
All countries
Updated on August 10, 2022 3:58 pm
All countries
Updated on August 10, 2022 3:58 pm
- Advertisment -

Did The Covid Relief Bill Pass

Foreclosure And Eviction Moratorium

House Passes $1.9 Trillion Covid Relief Bill | NBC Nightly News
  • Sections 4022 and 4023 deal with mortgages, protecting those with federally-backed mortgages from foreclosure until at least August 31, 2020, and allowing the right to request a mortgage forbearance for up to 180 days. Section 4024 provides for a 120-day moratorium on eviction filings for rental units in properties that participate in federal assistance programs, or have a federally backed mortgage or multifamily mortgage loan. One estimate is that this eviction moratorium covers 28% of all rental units in the United States however, there are no enforcement mechanisms provided.
  • When an individual affected by COVID-19 requests and receives flexibility with their payment obligations from a creditor, the creditor must report to credit bureaus that the individual is in compliance with their payment obligations.
  • Emergency Broadband Benefit is a United States FCC program which subsidizes broadband access during the COVID-19 pandemic.

Obama Makes First Public Appearance At White House Since 2017

House Democrats early Saturday narrowly approved President Bidens $1.9 trillion COVID-19 stimulus bill, overcoming Republican opposition and accusations of waste in the emergency package.

The American Rescue Plan Act passed 219 to 212 just before 2 a.m., garnering not one Republican vote.

Two Democrats, Jared Golden of Maine and Kurt Schrader of Oregon, voted against the measure, which gives $1,400 stimulus checks to adults earning $75,000 or less a year.

Republicans have complained that the act was packed with pork unrelated to the pandemic, adding to the national debt and potentially spurring inflation.

But House Speaker Nancy Pelosi had proclaimed at an evening press conference that this is a spectacular piece of legislation.

Republicans unsuccessfully proposed removing $140 million for an underground rail line connecting the San Francisco area, which Pelosi represents, to Silicon Valley. A motion failed to reallocate those funds to mental health grants for children that suffered from the pandemic.

The bill includes $1,400 stimulus checks for adults earning up to $75,000 per year, with smaller checks for higher earners and nothing for people who make more than $100,000. For each dependent child, the bill authorizes an extra $1,400 payment.

For parents, it also authorizes a $3,600 annual tax credit per child under age 6 and $3,000 per child up to age 17. Those funds also are phased out for earners over $75,000 or joint filers above $150,000.

Wage Boost Dropped Jobless Aid Cut

The package that emerged from weeks of legislative bargaining isnt everything Biden and top Democratic lawmakers had hoped to achieve. Most notably, leaders agreed to drop a provision to more than double the federal minimum wage to $15 an hour by 2025.

That provision was stripped out after the Senates parliamentarian determined it violated the rules of the fast-track process known as reconciliation, which Democrats used to avoid the threat of a Republican filibuster.

Senate Democrats reduced weekly unemployment insurance supplements from $400 in the initial House bill to $300. But they extended the length of the program by about a week, from Aug. 29 to Sept. 6, and made the first $10,200 of unemployment benefits exempt from federal taxes for those earning up to $150,000.

The Senate version of the bill also accelerated the phaseout of $1,400 tax rebate checks by lowering the income threshold at which payments cut off for individuals from $100,000 to $80,000 and for joint filers from $200,000 to $160,000.

Democratic Rep. Jared Golden of Maine, who also voted against the original House version, was the sole member to break ranks. Golden argued in late February that many of the provisions in the nearly $1.9 trillion pandemic relief package were not directly related to the pandemic or should be addressed in stand-alone bills.

Also Check: How Much Is A Cvs Covid Test

Biden Hails ‘giant Step’ As Senate Passes $19tn Coronavirus Relief Bill

  • Republican opposition holds through marathon vote-a-rama
  • Speaker Pelosi has said measure should be law by 14 March

Joe Biden hailed one more giant step forward on delivering on that promise that help is on the way, after Democrats took a critical step towards a first major legislative victory since assuming control of Congress and the White House, with a party-line vote in the Senate to approve a $1.9tn coronavirus relief bill.

After a marathon voting session through the night on Friday and into Saturday afternoon, Democrats overcame unified Republican opposition to approve the sweeping stimulus package. The final tally was 50-49, with one Republican senator absent.

One of the largest emergency aid packages in US history now returns to the House for final approval before being signed into law by Biden. Nancy Pelosi, the House speaker, has said she expects to approve the measure before 14 March, when tens of millions of Americans risk losing unemployment benefits if no action is taken.

The House majority leader, Steny Hoyer, said the Senate version of the American Rescue Plan would be considered on Tuesday so that we can send this bill to President Biden for his signature early next week.

Biden and Democrats will look to move on to other priorities, including voting rights reform and an ambitious infrastructure package.

On Saturday, with Vice-President Kamala Harris looking on, Biden spoke to reporters at the White House.

Expanded Tax Credits For Families

GOP finds risky form of unity in opposing COVID relief ...

The bill raises the child tax credit for most families in the coming year by $1,000, to $3,000 per child. Its even more for families with young children: many can receive a credit of $3,600 for each child under age six. All of these credits are fully refundable, and some researchers say these measures could potentially help cut child poverty in half.

Recommended Reading: How Long Does The Cvs Rapid Test Take

Senate Passes Biden’s $19 Trillion Covid Relief Bill After Vote

Washington The Senate approved President Biden’s $1.9 trillion coronavirus relief package Saturday, over 24 hours after opening debate on the bill. A grueling amendment process, known as a “vote-a-rama,” was stalled for nearly 12 hours on Friday due to disagreements within the Democratic caucus over an unemployment insurance benefit.

The final vote was 50-49, with all Democrats voting in favor of the bill and all Republicans voting against it. The passage of the bill was met with cheers and applause from Democrats, celebrating the passage of one of Mr. Biden’s key priorities. Vice President Kamala Harris did not need to visit the Capitol to break any ties, as GOP Senator Dan Sullivan left due to a family emergency on Friday.

Democrats took a victory lap after the passage of the bill, with Senate Majority Leader Chuck Schumer telling reporters after the vote that “it’s a great day for this country.” Senate Budget Committee Chair Bernie Sanders called the bill “the most significant piece of legislation to benefit working families in the modern history of this country.”

President Biden dubbed the plan “historic” during an address on Saturday.

“For over a year the American people were told they were on their own,” he said, and later added, “This nation has suffered too much for much too long, and everything in this package is designed to relieve the suffering and to meet the most urgent needs of the nation.”

House Passes $19 Trillion Covid Relief Bill

Asked Tuesday whether the package would be the final relief bill needed, Pelosi told reporters, Youre just going to have to ask the virus if it stops mutating, if it stops spreading and therefore mutating, then this will be.

What is interesting about this virus is that it is resourceful,” she added. “It mutates. It has variants. And so too must we be resourceful and resilient in how we deal with it. We will be on top of it.

But in a major disappointment to progressives, a provision to raise the minimum wage to $15 an hour was removed after the Senate parliamentarian said it violated the rules for the process of bypassing the 60-vote threshold. It also faced some Democratic defections.

Senate Majority Leader Chuck Schumer, D-N.Y., promised Wednesday that the Covid relief package will make “a big difference” in the lives of Americans, and quickly.

“It does so much good for so many people. And one of our missions is to show people that government can actually make their lives better,” he said.

The vote on final passage comes after weeks of negotiations between the White House and lawmakers, which involved Republicans’ trying to slow the process and some hiccups that arose within the Democratic caucus when Sen. Joe Manchin of West Virginia considered teaming up with Republicans to upend an intraparty deal involving jobless benefits.

Download the NBC News app for breaking news and politics

Also Check: How Much Is A Rapid Test At Cvs

Biden’s $19tn Covid Relief Bill Passes Us Congress

President Joe Biden’s $1.9tn relief bill to help Americans deal with the impact of the Covid-19 pandemic has cleared its final hurdle in Congress.

The House of Representatives approved the massive economic aid plan 220-211 on Wednesday along partisan lines, with no Republicans voting in favour.

Having already passed through the Senate, the relief package now heads to Mr Biden’s desk to be signed into law.

This sixth Covid-19 relief bill is a major legislative win for Mr Biden.

The bill passed with all but one House Democrat voting in favour.

White House spokesperson Jen Psaki said the president will sign the bill into law on Friday.

The bill “is about giving the backbone of this nation – the essential workers, the working people who built this country, the people who keep this country going – a fighting chance” Mr Biden said.

He later vowed to share any surplus Covid-19 vaccines globally after ensuring that Americans are immunised. “If we have a surplus, we’re going to share it with the rest of the world,” he said.

Initial Criticism And Negotiations

Senate Votes To Pass Coronavirus Relief Bill | MSNBC

The House initially passed a tax cut bill in mid-2019 and sent it to the Senate, which then used it as a shell bill and added an amendment in the nature of a substitute, fulfilling the constitutional requirement that all bills for raising revenue must originate in the House. After the new bill was released by the Senate, Speaker of the House Nancy Pelosi issued a statement that read in part: “We are beginning to review Senator McConnell’s proposal and on first reading, it is not at all pro-worker and instead puts corporations way ahead of workers.”Senate Minority Leader Chuck Schumer ” rel=”nofollow”> NY) criticized the fact that Democrats were not involved by Republicans in drafting the bill.

Among Senate Republicans there was “significant debate and disagreement” regarding “Donald Trump‘s proposal to provide most Americans with $1,000-plus checks to boost spending and stimulate the economy”. Senator Richard Shelby , the Republican chair of the Senate Appropriations Committee, stated “I personally think that if we’re going to help people we should direct the cash payments maybe as a supplement to unemployment, not to the people who are working every day, just a blank check to everybody in America making up to $75,000.”

Read Also: Cvs Rapid Testing Cost

Retirement Plans And Retirement Accounts

  • Waives the 10% tax penalty for early distributions from IRAs, 401 plans, 403 plans, and 457 plans if:
  • The individual, their spouse, or their dependent has been diagnosed with COVID-19
  • The individual experienced adverse financial consequences because they were quarantined, furloughed, or laid off, or because their employer reduced their working hours or
  • The individual experienced adverse financial consequences because the individual is unable to work due to lack of child care.
  • A plan administrator is allowed to rely on the participant’s assertion that one of these events occurred.
  • Distributions are still subject to income taxes, although the individual may choose to spread the payment of the income taxes over three years, rather than paying them all in one year. Alternatively, if the distributed amount is repaid into any , see ) IRA or employer-sponsored retirement plan within three years of receiving the early distribution, no income taxes will be due.
  • Increases the maximum amount of a 401 loan from an employer-sponsored 401 retirement plan. The limit used to be the lesser of $50,000 or 50% of the participant’s vested assets. It has been changed to the lesser of $100,000 or 100% of the participant’s vested assets.
  • All changes to the rules regarding loans and early distributions are at the option of the plan administrator and are not required to be adopted.
  • Invalid And Challenged Stimulus Payments

    After the enactment of the CARES Act, the Treasury Department and IRS disbursed about 160.4 million payments totaling $269 billion by the end of April 2020, of which nearly 1.1 million payments, totaling almost $1.4 billion , were sent to dead people. A Government Accountability Office report in June 2020 noted that, in the hurry to distribute payments, the agencies had not followed post-2013 financial control safeguards to prevent payments to the dead or other ineligible persons. The report added that “agencies have made only limited progress so far in achieving transparency and accountability goals.”

    The IRS put a notice on their website that incarcerated individuals did not qualify and withheld or retrieved payments from many prisoners. On September 24, 2020, a U.S. District Court issued an order certifying a nationwide class of incarcerated individuals. The court also granted a preliminary injunction requiring the IRS and Treasury Department to stop withholding checks solely on the basis of their incarceration status, resulting in payment of $100M .

    Some citizens of other countries were accidentally given checks on the basis of having previously worked or lived in the U.S.

    Also Check: How Much Is Rapid Test At Cvs

    Occupational Safety And Health Administration

    The bill would allocate not less than $100 million for OSHA, of which $10 million is for Susan Harwood training grants and not less than $5 million is for enforcement activities related to COVID-19 at high-risk workplaces, including health care, meat and poultry processing facilities, agricultural work places and correctional facilities.

    Senate Passes $19 Trillion Coronavirus Relief Bill Here’s What’s Next

    House Democrats pass partisan COVID bill  relief talks ...

    Moderates secured key changes in the final package.

    Senate passes $1.9 trillion COVID relief package

    After more than 25 hours of debate and votes, Senate Democrats passed a sweeping $1.9 trillion COVID relief bill Saturday aimed at helping lower-income Americans, small businesses, schools, the hard-hit hospitality and tourism industries, as well as state and local governments — with aid also going to boost front-line pandemic work, vaccines, testing and tracing plans.

    The bill passed on a party-line vote and will now head back over to the House, which will have to reconcile several key changes before it heads to President Joe Biden’s desk just days before unemployment benefits expire for millions of Americans.

    Senate Majority Leader Chuck Schumer jubilantly celebrated the bills passage on Saturday afternoon, hailing it as perhaps the most significant bill to help the poor and working people in decades.

    Schumer also praised Biden for his leadership, saying he put together a great plan.

    I said from the beginning, we were going to power through. We’re not going to let anything stop us until we got the job done,” the New York Democrat said. “Unity, unity, unity. That’s how we got this done.”

    Biden praised the passage of the historic bill in the Senate on Saturday and said, I hope it will find quick passage so it can be sent to my desk to be signed into law.

    Read Also: How Long Does Rapid Testing Take At Cvs

    Signed Into Law And Signing Statement

    A few hours after the House passed the bill, it was signed into law by President Trump.

    In a signing statement, Trump suggested he could gag the Special Inspector General for Pandemic Recovery insofar as his constitutional powers as president enabled him to block the SIGPR’s reports to Congress. According to The New York Times, the statement was consistent with Trump’s “history of trying to keep damaging information acquired by an inspector general from reaching Congress”.

    Part of the CARES act set aside $8 billion to federally-recognized “tribal governments”. The Treasury Department earmarked about $500 million of those funds to go towards Alaska Native corporations , which provided similar governance as typical tribal leadership in the lower 48 states. Three native Indian tribes sued on the basis that under the Indian Self-Determination and Education Assistance Act of 1975 , ANCs were not federally-recognized tribal governments and should not be eligible for CARES funds. The case was eventually heard by the United States Supreme Court, which ruled in June 2021 that ANCs did qualify as tribal governments under the ISDA, and thus eligible to receive the set-aside funds.

    Funding For State Local Territorial And Tribal Governments

    The bill would provide an additional $350 billion for states, territories, and Tribal governments to mitigate the fiscal effects stemming from the PHE. In addition, it would create a Coronavirus Capital Projects Fund to provide $10 billion for states, territories, and Tribal governments to carry out critical capital projects directly enabling work, education, and health monitoring, including remote options, in response to the COVID-19 PHE.

    You May Like: How Long Does A Cvs Rapid Test Take

    Relief To Mail Delivery

    • The U.S. Postal Service will receive a $10 billion line of credit. On April 24, Trump attempted to use this loan as leverage for a new demand, as he threatened to block the emergency funding if the post office did not quadruple its prices for online retailers. As of early May, the details of the loan were still being negotiated.
    • $400 million will be allocated to help states prepare for an expected increase in mailed ballots in .

    - Advertisment -

    Hot Topics

    - Advertisment -

    Related Articles