House Passes $2 Trillion COVID-19 Bill For Trump's Signature
invite response
2020 Mar 27, 11:00am 834 views 5 comments
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1
WillPowers
2020 Mar 27, 6:36pm
WillPowers
2020 Mar 27, 6:36pm
What is in the legislation?
The Committee for a Responsible Federal Budget, a non-profit group that tracks US budget deficits, scored total spending under the rescue bill at approximately $2.3 trillion.
Here is a look at where most of the money will go, according to the budget watchdog:
$510bn - Lending for large businesses, governments
$377bn - Small business loans and grants
$290bn - Direct payments to most Americans
$280bn - Cuts to business taxes
$260bn - Expanded unemployment benefits
$180bn - Funding for hospitals, healthcare
$150bn - Support for state, local governments
$72bn - Transportation, public transit
$42bn - Social safety net, food and housing
$45bn - Federal emergency disaster assistance
$32bn - Increased spending on education
$19bn - Reductions in individual taxes
$25bn - Other spending
Aljazeera: https://www.aljazeera.com/news/2020/03/congress-approves-2-trillion-coronavirus-rescue-package-200327133845317.html
However, CRFB only has posted numbers from March 25, 2020
The Committee for a Responsible Federal Budget, a non-profit group that tracks US budget deficits, scored total spending under the rescue bill at approximately $2.3 trillion.
Here is a look at where most of the money will go, according to the budget watchdog:
$510bn - Lending for large businesses, governments
$377bn - Small business loans and grants
$290bn - Direct payments to most Americans
$280bn - Cuts to business taxes
$260bn - Expanded unemployment benefits
$180bn - Funding for hospitals, healthcare
$150bn - Support for state, local governments
$72bn - Transportation, public transit
$42bn - Social safety net, food and housing
$45bn - Federal emergency disaster assistance
$32bn - Increased spending on education
$19bn - Reductions in individual taxes
$25bn - Other spending
Aljazeera: https://www.aljazeera.com/news/2020/03/congress-approves-2-trillion-coronavirus-rescue-package-200327133845317.html
However, CRFB only has posted numbers from March 25, 2020
2
WillPowers
2020 Mar 27, 7:24pm
WillPowers
2020 Mar 27, 7:24pm
Here is a brief breakdown offered by the New York Times:
The measure will also offer $377 billion in federally guaranteed loans to small businesses and establish a $500 billion government lending program for distressed companies reeling from the crisis, including allowing the administration the ability to take equity stakes in airlines that received aid to help compensate taxpayers. It will also send $100 billion to hospitals on the front lines of the pandemic.
SEE: https://www.nytimes.com/2020/03/27/world/coronavirus-live-news-updates.html
HERE we have a match. Aljazeera and NYT match: Small business loans get $377 billion, but then we have a difference of 10 billion on the amount of money lent to distressed big businesses, but that could be attributable to the fact Aljazeera relied on facts from March 25.
The measure will also offer $377 billion in federally guaranteed loans to small businesses and establish a $500 billion government lending program for distressed companies reeling from the crisis, including allowing the administration the ability to take equity stakes in airlines that received aid to help compensate taxpayers. It will also send $100 billion to hospitals on the front lines of the pandemic.
SEE: https://www.nytimes.com/2020/03/27/world/coronavirus-live-news-updates.html
HERE we have a match. Aljazeera and NYT match: Small business loans get $377 billion, but then we have a difference of 10 billion on the amount of money lent to distressed big businesses, but that could be attributable to the fact Aljazeera relied on facts from March 25.
3
Patrick
2020 Mar 27, 10:33pm
Patrick
2020 Mar 27, 10:33pm
Oh man, this is great: Trump's big fat signature is going to be on the checks.
You'll hear a great asploding of liberal heads when it comes down to accepting the money from Trump or not.
You'll hear a great asploding of liberal heads when it comes down to accepting the money from Trump or not.
4
RWSGFY
2020 Mar 27, 10:35pm
RWSGFY
2020 Mar 27, 10:35pm
Patrick says
Nah, they'll grab it w/o hesitation.
You'll hear a great asploding of liberal heads when it comes down to accepting the money from Trump or not.
Nah, they'll grab it w/o hesitation.
5
steverbeaver
2020 Mar 27, 11:04pm
steverbeaver
2020 Mar 27, 11:04pm
I don't see how a "voice vote" is legitimate for legal documents.
After holding up the process for over a week, the House has finally passed the $2 trillion coronavirus stimulus package via voice vote, despite a Republican lawmaker's insistence that his colleagues go on record in favor of, or against the legislation.
It will be sent to President Trump's desk next for his signature, where he will sign it 'as soon as possible.'
Rep. Thomas Massie (R., Ky.) tweeted that he would object to a voice vote and try to force a formal roll-call vote, following a threat he had made a day earlier that sent lawmakers scrambling to get back to Washington in an effort to assemble the 216 members needed for a quorum. That threshold was reached Friday morning.
CHECK OUT this PHOTO of Congress in session: Hardly anyone there: https://twitter.com/RepMGS/status/1243578771204182017/photo/1