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Big Changes JUST Announced: 2nd $1200 Stimulus Package [8-7]
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Here is an update on the next round of stimulus and the stimulus check negotiation and the HEALS Act Negotiation for late on August 7, 2020 after Donald Trump's sudden press conference in New Jersey at one of his Golf Courses. This discussion centered on the pandemic, the eviction ban extension, Trump's executive order, Trump's executive order on unemployment, Trump's executive order on payroll taxes & student loans.
Republicans are discussing NO money for state and local governments and want to keep the package at $1 trillion dollars. They're also discussing a payroll tax deferral, money for schools, liability protections, PPP funding, targeted stimulus checks, and some extension for unemployment insurance.
Phases we've Had:
Phase 1/Bill 1: Test Funding
Phase 2/Bill 2: Health and Hospitals Funding
Phase 3/Bill 3: CARES Act ($1,200 Stimulus Checks, PPP, EIDL)
Phase 3.5/Bill 4: More PPP, EIDL Money for Small Biz
Phase 4/Bill 5: Extra $1,200. HEALS ACT/HEROES. Targeted PPP funding. An extension of the pandemic unemployment assistance payments (PUA).
PLUS Infrastructure bill.
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