Key Highlights
- More details relating to individual benefits, small business help, vaccines, broadband access, transportation aid, education, agriculture, medical bills and tax-deductible meals
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Let’s just go down the list:
COVID Vaccine Distribution
- $69B for vaccination distribution
- +$22B for states to conduct testing, tracing and COVID mitigation programs
Individual Benefits
- $600 direct payment stimulus check for every adult and child earning up to $75,000
- Those earning between $75,000 – $99,000 to receive smaller stimulus checks
- Those earning over $99,000 to receive no direct payment stimulus check
- Unemployment benefits
- Extension of enhanced unemployment benefits for jobless workers to receive up to $300/week through mid-March
- Self-employed workers and gig workers to receive extended assistance for less than three months
- Rental assistance
- $25B to help families pay rent
- Eviction moratorium extension through January 31
- No specifically defined share of rental assistance to help building owners/landlords to pay ongoing costs without generating any rental revenue
- SNAP assistance
- $13B for nutritional support via Supplemental Nutrition Assistance Program
Small Business Assistance
- Some $284B for PPP or Payroll Protection Program loans
- Expanded eligibility for loans to include nonprofits and local newspaper/radio/TV stations
- $15B reserved for live venues, cultural institutions and independent movie theaters
- $10B for child care providers to reopen safely
Broadband Access
- $7B to increase access to broadband Internet including new Emergency Broadband Benefit to help millions of students’ families and unemployed workers to afford necessary broadband
Transportation Aid
- $45B in transportation-related assistance including
- $16B for airlines to pay workers/contractors salaries
- $14B for mass transit agencies
- $10B for highways
- $1B for Amtrak
Education
- $82B assistance for schools/universities to assist with reopening efforts
- – Includes $2.75B for private K-12 education
Agriculture
- $13B for farmers and agriculture including money under Coronavirus Food Assistance Program for growers and livestock, dairy and poultry producers
Medical Bills
- Provision ending “surprise” medical bills
- Providers required to give patients “true and honest cost estimates” three days before any scheduled procedure
- Billing disputes subject to arbitration
Tax-deductible Meals
- Provision to make cost of meals a 100% deductible business expense sought by President Trump
Thanks to National Public Radio and The New York Times.
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