PITTSBURGH (KDKA) — Home Democrats have handed President Biden his first main victory of his presidency.
The COVID-19 aid invoice price almost $2 trillion handed within the Home in a single day alongside occasion strains.
However don’t begin counting that stimulus cash but.
Hundreds of thousands of People and companies are one step nearer to a different spherical of economic aid.
The bundle contains:
$1,400 stimulus checks for people incomes lower than $75,000 per yr
Boosts federal unemployment funds to $400 per week
A rise to the kid tax credit score
Further funding for small companies
$130 billion for faculties
It additionally contains help for lease and meals, cash for vaccine distribution, and support for state and native governments.
Republicans have slammed the plan as too pricey and too wasteful.
“Our job in the present day is to maneuver shortly to handle the bodily, emotional, and monetary well being of all People and we are able to accomplish all three of those priorities by way of passage of the American rescue plan,” stated Rep. Ed Perlmutter (D-CO).
“This can be a $1.9 trillion partisan wishlist that might in the end enhance the federal deficit between $2 trillion and $3 trillion with out addressing the rapid wants of People merely attempting to outlive this pandemic,” stated Rep. Michael Burgess (R-TX).
The invoice will now head to the U.S. Senate, which might land there as early as Monday.
Democrats need the invoice on President Biden’s desk earlier than federal unemployment advantages expire on March 14.
One of many provisions that hit a snag was elevating the federal minimal wage to $15 per hour.
That provision was left in even after the non-partisan Senate Parliamentarian stated together with it violates budgetary guidelines.
The supply will doubtless hit the chopping room ground as soon as the laws heads to the Senate.
Nevertheless, Senate Majority Chief Chuck Schumer (D-NY) is contemplating including a provision to the Senate model that may penalize huge firms that don’t pay staff no less than $15 per hour.
If authorized, cash from the from the federal COVID aid plan would assist our area in quite a lot of methods.
It could fund higher entry to vaccines
College districts in Allegheny County would cut up $300 million to soundly reopen faculties
Municipalities would additionally obtain cash to stop first responders from being laid off
“Allegheny County municipalities will likely be taking a look at over $760 million coming to the county. The Metropolis of Pittsburgh alone goes to get $327 million,” stated Rep. Mike Doyle (D-Forest Hills).
The invoice additionally contains PPP grants for small unbiased companies, cash for meals stamps, cash for rental and mortgage help, and a brand new restaurant revitalization fund.
You’ll be able to learn The American Rescue Plan Act right here.