After months of failed COVID-19 stimulus negotiations, the U.S. Congress has finally come together to pass a comprehensive funding bill that will serve as a fiscal band-aid for millions of Americans struggle as a result of the pandemic.
The bipartisan funding measure is being praised by both Republicans and Democrats, including Florida Rep. Debbie Wasserman Schultz (D), who calls the measure “imperfect” but necessary to “save the lives and livelihoods of the American people.”
The emergency #COVID relief and omnibus funding package Congress will vote on today delivers funds desperately needed to save the lives and livelihoods of the American people,” tweeted Rep. Wasserman Schultz. "It’s imperfect, but when increased unemployment, a stimulus, small business aid, and vaccine distribution are on the line, you can’t let the perfect be the enemy of the good.
The $900 billion stimulus bill legislators agreed on this past weekend will be coupled with a $1.4 trillion government measure that will total $2.3 trillion.
The funding couldn’t come at a better time, as Democratic lawmakers and officials around the nation have begun to implement more COVID-related restrictions and shutdowns that will undoubtedly further strain the U.S. economy.
Democrats have been blaming Senate Republicans for not passing House funding measures, but in the end, House Democrats were unwilling to compromise with Republicans after putting forward wasteful and non-COVID related spending into the legislation.
Counterproductive?
Americans are getting more money, as are small businesses, but closing down those businesses appears counterproductive considering that they will not be allowed to pay their employees.
What’s in the Stimulus”
- Individuals making up to $75,000 a year will receive a direct cash payment of $600, while couples making up to $150,000 will receive $1,200, on top of $600 for dependents under the age of 17. This means that a family of four could receive as much as $2,400 in payments. The payments are tapered for higher-earners and cut off for individuals making more than $99,000 and couples earning more than $198,000. (Fox)
