Senate Majority Leader Mitch McConnell (R-Ky.) announced the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act Monday night, the upper chamber's long-awaited coronavirus stimulus package. The $1 trillion bill includes an extra $200 per week in unemployment insurance, down from $600 in the earlier CARES Act, and more money for schools, among other measures.
The bill also proposes a second $1,200 economic impact payment. Thesecond round of checks will follow the same eligibility formula as the first round, according to a memo from the Senate Finance Committee: Qualifying individuals earning a gross adjusted income up to $75,000 per year in 2019, and couples earning $150,000, will receive the full $1,200 or $2,400, respectively. From there, the checks will be reduced by $5 for every $100 in income, phasing out completely at $99,000 and $198,000.
Individuals who have no income and those whose income comes from programs such as SSI benefits are still eligible for the full rebate amount.
Individuals will also receive $500 for each dependent, just like under the CARES Act. Unlike the first time around, though, there is no age cap on the extra payment. The CARES Act capped the dependent payment at age 17, excluding many college students and other adult dependents from receiving a check.
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17 comments:
Another hand out. It amazes me the people on utility assistance and fraudulent disability that manage to pay cable and internet bills and chime in here with righteous attitudes.
Yeah!!! More free money!!! Keep it coming!!! Wooh Wooh
WTF are schools getting more money when they won't even be open?
Driving the US dollar right into the dirt
6:44
Correct
It seems the object is to destroy the faith in US Fiat Dollars. I suggest people turn dollars into commodities such as food, water, ammo, toilet paper, clothes, shoes, and finally gold for long term savings.
Eventually all fiat currencies will reach their intrinsic value = Zero
Man,
Wif my New ESCALADE, EBT cards from School and home, Government Housing...
I am uptown
My business is hemorrhaging money right now due to all the restrictions. But, yay 1,200 will be to me in a month.
I will piss away my next check just like I pissed away the 1st one. Stimulating the economy one beer at a time.
Government is nothing but top people. I’ve never seen the first 12 bills and they are talking about a second one. Lol
Free now, payback double when the government comes to collect.
for goodness sake
just change your race on the application
never put White.....
Biden will fix all of this by raising taxes, refugee program, making all illegals legal, banning coal, propane, putting restrictions back on all company’s as a start. This will help jobs and economy and he personally said he is the most progressive president in history if he is elected. Go Biden or Soros.
McConnell is a FOOL. He doesn't have our or President Trump's interest in mind. Hell. He might be part of the SOROS contingent to.
I am unemployed due to the devastating effect the virus had on the company business, and the federal money has gone a long way to maintaining my earned income level prior to my layoff. At the $430.00 state level of UI, it is less that half of my pre-termination income. When the extra federal money runs out, many families are going to be in a serious bind if the unemployed don't find a way back into the workforce. It doesn't look like my old company is ever going to rehire any laid off workers, especially any my age. I'll take all the help I can get, until there is a vaccine that will allow me to work in a communal (close proximity to other workers) setting. Then I will join all the older generation looking for work again. The road to financial security will be a long and hard one for older Americans.
8:02
Right on man!
Plus the guy down the street is running a corona sale on crack cocaine. Real good quality too.
Always has been..
Wait is this a joke? Obama already started some of these policy and our unemployment went way up. Biden will destroy jobs. Have you watched Soros speak? You should spend some time listening to his plans and watch him speak about the Jews and the Holocaust. Surely this post is just a joke. Right?! I mean if you are like go socialism. Then I get you. But all those policy's you listed don't create jobs.
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