Tag: House

What is in the TWO TRILLION Stimulus Bill?

The House is set to pass the largest economic rescue package in U.S. history tomorrow.

A 2.2 Trillion Stimulus Bill is projected to pass the House on Friday. Democrats originally wanted to slip in “Green New Deal” policies, but those have been dropped since the public (on both sides of the aisle) decried the absolute ludicrous suggestions.

The goal of this stimulus package is to flood the economy with money as today we witness jobless claims soar past 3 million due to the impact of the Coronavirus.

Here is WHERE the MONEY IS GOING, OR AT LEAST -THIS IS WHERE WE ARE TOLD IT IS GOING 589_emoji_iphone_white_down_pointing_backhand_index:

– Direct Cash $1,200 to each individual adult. (Payment are based on 2019 earnings.)

-Married Couples $2400

-$500 per child

-If an individual earns between 75k-99k the payments fade out. If an individual makes over 99k they do not qualify at all.

-If married couples earning between 150k-198k payments fade out too. Over 198k no longer qualified.

$367 Billion goes to forgivable loans to small business employers.

“The amount of the loan eligible for forgiveness will be reduced proportionally by the number of employees laid off during this period relative to the borrower’s prior employment levels,” according to a background document that Senator Rubio’s office put out.

$500 Billion to larger companies. These companies will have an oversight inspector and a five member congressional panel to ensure money if spent appropriately.

-Unemployment Benefits increases maximum unemployment benefits by $600 a week. Ensures those laid off will receive full pay for up to four months.

-$150 Billion to State and Local Government.

-Student Loan payments are suspending payments without penalty till September 30th.

-The deadline to obtain a REAL ID -identification mandated to for passengers boarding air crafts now extended till September 2021.

-$1.2 Billion for National Guard

-$1 Billion for Defense Purchases Act purchases.

-$32 Billion for Airlines included in this is:

-$25 Billion for passenger airlines

-$4 Billion for cargo airlines

-$3 Billion for industry contractors

-$25 Billion for passenger airlines

-$4 Billion cargo airlines

-$117 Billion to Hospitals

-$100 Billion created for public health and social emergency fund to reimburse providers for lost revenue and expenses. 65 Billion from this will go to hospitals, Doctors and Nurses.

20% goes to the treatment of medicare patients.

-Eliminates $8 Billion for hospitals caring for Medicaid patients and uninsured patients.

-$25 million to the Kennedy Center for the Performing Arts

-$75 million to National Endowment for the Arts

-$450 million for The Emergency Food Assistance Program

-$200 million for food assistance for Puerto Rico and other US territories

-$100 million for food distribution on American Indian reservations.

-$324 million for the State Department

-$88 million for the Peace Corps

-$324 million for diplomatic programs

-$258 million for international disaster assistance

-$350 million for migration and refugee assistance

-$95 million for USAID operating expenses

I am still picking this whole Bill apart, and if I get word of additional funding going to additional places I will update.

I gotta be real though, all this spending makes a fiscally Conservative gal like me a little nauseous.

Stimulus bill

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