US Politics Mega-thread - Page 2904

On December 21 2020 09:50 Mohdoo wrote:
Does this stimulus bill include the bullshit about restricting Biden’s future fed?

On Saturday, Toomey argued on the Senate floor that three pandemic-related lending programs should end because they've "achieved their purpose."

Democrats pushed back, arguing that Toomey's provision would also prevent future Treasury secretaries from restarting the lending programs.

But legislators said they reached a compromise on the issue late Saturday, after hours of talks between Toomey and Schumer.

According to a senior Democratic aide, Toomey "agreed to drop the broad language in his proposal that would have prevented the Fed chair from establishing similar facilities in the future to the ones created [by the CARES Act] in March."

On December 21 2020 07:08 Sermokala wrote:

Its hard because its undenyable to say that stimulus is cost-effective for saving the economy but you just know there's no chance anyone will actually give a shit about the debt on the other side.

On December 21 2020 15:35 Mohdoo wrote:

Doesn’t Mitch still get to decide what gets voted on? So he could just say no to whatever? Man I really hope we win Georgia but I am expecting 2-3% losses in both.

Individual benefits

$600 direct payment checks for every adult and child earning up to $75,000. Individuals earning between $75,000 and $99,000 would get smaller checks, and the benefit cuts out entirely for individuals earning over $99,000.
Unemployment benefits: Lawmakers agreed to extend enhanced unemployment benefits for jobless workers, who will receive up to $300 per week through mid-March. Self-employed people and gig workers will also receive extended assistance.
Rental assistance: The measure includes $25 billion to help families pay their rent, and it extends the eviction moratorium now in effect until Jan. 31.
SNAP assistance: Democrats say the measure includes an additional $13 billion for the Supplemental Nutrition Assistance Program.
Small-business help

PPP loans: The agreement includes some $284 billion for Paycheck Protection Program loans. Democrats say they expanded eligibility for the loans to include nonprofits and local newspapers, along with TV and radio stations. Also, $15 billion would be reserved for live venues, independent movie theaters and cultural institutions, which have been struggling due to pandemic-forced closures.
Child care centers: According to a Republican summary of the plan, the measure includes $10 billion for child care centers to help providers safely reopen.
Vaccines

The agreement includes some $68 billion to purchase and distribute COVID-19 vaccines and help states conduct testing. According to the Republican summary, $20 billion of that funding will make the vaccine available at no cost for anybody needing it.
Broadband access

The measure contains $7 billion to increase access to broadband Internet, including a new Emergency Broadband Benefit that Democrats say will help millions of students' families and unemployed workers afford the broadband they need during the pandemic.
Transportation aid

Lawmakers also agreed to provide $45 billion in transportation-related assistance, including:

$16 billion for airlines to pay the salaries of workers and contractors.
$14 billion for mass transit agencies.
$10 billion for highways.
$1 billion for Amtrak.
Education

The measure contains $82 billion in funding for schools and universities to assist with reopening, including, according to a Republican summary, $2.75 billion for private K-12 education.
Agriculture

There is some $13 billion in the measure for farmers and agriculture, including money under the Coronavirus Food Assistance Program for growers and livestock, dairy and poultry producers.
Medical bills

The measure also includes a provision ending surprise medical billing. Republicans say patients would be required to receive a "true and honest cost estimate" three days before any scheduled procedure and that billing disputes would be subject to arbitration.
Tax-deductible meals

Lawmakers also included a provision sought by President Trump, making the cost of meals a deductible business expense.