Tucson, Arizona 2020-10-17 18:00:00 –
There must have been new relief so far, but it’s catching up with Senate gameplay.
The House of Representatives passed a bill called the HEROES Act in May. It had many of the same features as the previous CARES method. In addition to the $ 1,200 stimulus check per taxpayer, there were additional costs for dependents, a $ 600 weekly increase in unemployment, salary protection programs, state assistance, and rental assistance. Of $ 3 trillion.
At the direction of Senate leader Mitch McConnell, the Senate never picked up the bill, even if the previous bailout expired in the summer. As a result, on October 1, House Democrats passed a streamlined HEROES law, which costs $ 2.2 trillion, the same as the original CARES law. Among other reductions, it included a $ 500 per dependent payment instead of the original bill of $ 1,200.
The Senate Republican Party announced its own bailout bill in late July — the HEALS Act (all bill titles include meaningful acronyms). The bill costs about $ 1 trillion, but McConnell is resistant to it and prioritizes identifying candidates for the Supreme Court. He plans to vote this month for a narrower $ 500 billion bill focused on funding the Paycheck Protection Program.
Meanwhile, Treasury Secretary Steven Mnuchin, who represents President Trump, is negotiating a much larger package with Speaker of the House Nancy Pelosi. Trump stopped negotiations on October 7, but said he had approved a $ 1.8 trillion package two days later.