Thursday, May 14, 2020

Pelosi's new Socialist Wish List

House Democrats unveil massive new coronavirus relief bill ahead of Friday vote

Pelosi's bill All 1815 pages!

It is felt that Republicans, who have downplayed the need for more immediate spending, are unlikely to approve the package in the Senate.

It includes, according to a CNBC summary:
  • Nearly $1 trillion in relief for state and local governments 
  • A second round of direct payments of $1,200 per person, and up to $6,000 for a household
  • About $200 billion for hazard pay for essential workers who face heightened health risks during the crisis
  • $75 billion for coronavirus testing and contact tracing — a key effort to restart businesses
  • An extension of the $600 per week federal unemployment insurance benefit through January (the provision approved in March is set to expire after July)
  • $175 billion in rent, mortgage and utility assistance 
  • Subsidies and a special Affordable Care Act enrollment period to people who lose their employer-sponsored health coverage
  • More money for the Supplemental Nutrition Assistance Program, including a 15% increase in the maximum benefit
  • Measures designed to buoy small businesses and help them keep employees on payroll, such as $10 billion in emergency disaster assistance grants and a strengthened employee retention tax credit
  • Money for election safety during the pandemic and provisions to make voting by mail easier
  • Relief for the U.S. Postal Service

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