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Here's how Biden's stimulus plan compares vs. that of the republicans

2021-02-02T00:28:34.706Z


Biden and a group of Republican senators have different ideas about the next stimulus bill to tackle the coronavirus.


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(CNN) ––

President Joe Biden and a group of 10 Republican senators have very different ideas about the next stimulus bill to deal with the coronavirus pandemic.

Last month, the president detailed a package of US $ 1.9 billion.

The proposal included a wide range of immediate assistance for families in difficulty, such as stimulus checks for $ 1,400.

Also extended unemployment benefits, nutrition and eviction benefits.

Plus longer-term changes like a $ 15-an-hour minimum wage.

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But, immediately, the measure met with resistance from Republicans on Capitol Hill.

In response, a group of 10 senators presented their own aid plan of approximately $ 618 billion on Sunday.

That is, less than a third of the figure contemplated in the president's project.

The senators provided a table detailing the cost of their plan on Monday morning.

Senators are scheduled to meet with Biden Monday afternoon to discuss their plan.

Meanwhile, Senate Democratic leaders prepare to activate a controversial budget procedure known as reconciliation.

The measure would allow them to pass Biden's relief package without Republican support.

Here's what we know so far about the differences between the two packages.

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Stimulus Payments: Biden vs.

republicans

The two sides have exchanged proposals on stimulus checks.

Democrats are in favor of giving eligible Americans a maximum of $ 2,000.

Meanwhile, Republicans offer slightly less and want to narrow the income range of those who would qualify.

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Biden's plan would cost $ 465 billion, according to the nonpartisan Commission for a Responsible Federal Budget.

For their part, Republicans say their move would cost roughly $ 220 billion.

Biden:

The president's plan calls for sending another $ 1,400 per person to eligible recipients.

This money would be in addition to payments of $ 600 that were approved by Congress in December, for a total of $ 2,000.

Individuals earning less than $ 75,000 a year will receive the total of $ 600. Married couples filing jointly and earning less than $ 150,000 would also receive the total amount of $ 1,200.

Payments will be eliminated entirely at $ 87,000 for single taxpayers without children and $ 174,000 for those married filing a joint return without children.

This according to an analysis by the Tax Foundation.

The new payments would go to adult dependents who were left out of previous rounds, such as some children over 17 years old.

They would also include households with mixed immigration status.

In fact, the first round of checks for $ 1,200 left out the spouses of undocumented immigrants who do not have social security numbers.

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Republican Party: Republican

senators want to send checks for $ 1,000 per adult, but they target those with the lowest incomes.

The amount would begin to be phased out at $ 40,000 for individuals and $ 80,000 for couples filing jointly.

The upper limit would be $ 50,000 for individuals and $ 100,000 for couples.

Dependent adults and children would receive $ 500.

Unemployment benefits

This is another big point of difference.

The president proposes to extend the assistance until September.

But Republicans - who have consistently expressed concern that making unemployment benefits too generous will deter people from returning to the job market - suggest extending support only through June.

Biden's plan would cost $ 350 billion, according to the commission, while senators say his proposal would cost $ 132 billion.

Biden:

The President would increase federal assistance the unemployed receive to $ 400 a week.

This from the $ 300 weekly upgrade in the December Congressional aid package.

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It would also extend payments, along with two key pandemic unemployment programs, through September.

This includes people in the Pandemic Emergency Unemployment Compensation program who have already used up their regular state unemployment payments.

There's also the Pandemic Unemployment Assistance program, which provides subsidies to freelancers, contractors, concert workers, and certain people affected by the pandemic.

Lawmakers only provided an additional 11 weeks of assistance in the December package.

Which will last until March.

Republican Party:

The

Republican Party's

proposal would extend the $ 300 weekly allowance through June 30.

It would also provide $ 2 billion to states to improve their technology.

Coronavirus Vaccines, Testing and Tracing

Both plans would provide $ 160 billion to fight the virus.

Biden:

The president's plan seeks to invest $ 20 billion in a national vaccination program.

This includes the installation of community vaccination centers throughout the country.

Also mobile units in hard-to-reach areas.

Biden would also increase federal support to vaccinate Medicaid enrollees.

The proposal would also spend $ 50 billion on testing.

So funds would be provided to purchase rapid tests, expand laboratory capacity, and help schools implement regular tests with the goal of supporting reopening.

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Additionally, it would finance the hiring of 100,000 public health workers, almost tripling the community health workforce.

It would address health disparities by expanding community care centers and medical services on tribal lands.

Likewise, it would support long-term care centers experiencing outbreaks and prisons in mitigation strategies.

Republican Party:

the

Republicans'

proposal asks to provide the same amount to combat the pandemic.

The resources would be for a National Vaccine Program, testing expansion and a disaster assistance fund.

It also provides for personal protective equipment for emergency services, independent medical offices and dentists.

It would also provide $ 15 billion to replenish the National Strategic Reserve and inject $ 35 billion into the supplier assistance fund.

The latter reimburses hospitals and healthcare providers for coronavirus-related expenses and lost revenue.

Nutrition Assistance: What Biden's Stimulus Plans and Republicans Say

The two plans are similar when it comes to extending food stamp benefits.

Biden's package does not put a specific figure on this provision, but Republicans say his plan would cost $ 12 billion.

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Biden:

The President will extend the 15% increase in food stamp benefits through September, rather than expiring in June.

It would invest another $ 3 billion to help women, babies and children obtain food.

In addition to that, it would grant US $ 1 billion in nutritional assistance to the US territories.

And it would partner with restaurants to provide food to those most in need and jobs for the employees of these establishments who were laid off.

Republican Party:

Senators would also extend enhanced food stamp benefits through September.

And they would provide $ 3 billion for WIC funding.

Small companies

The two plans would channel about $ 50 billion in small business assistance, but through different programs.

Biden:

The President's Plan Proposes To Provide $ 15 Billion To Create A New Grant Program For Small Business Owners.

Which would be different from the existing Check Payment Protection Program.

It also plans to invest $ 35 billion in some state, local, tribal and nonprofit financing programs that provide low-interest loans and provide venture capital to entrepreneurs.

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Republican Party:

Senators would funnel more money for the Check Pay Protection Program and the Emergency Injury Disaster Program.

The latter provides long-term, low-interest loans from the Small Business Administration.

His proposal includes $ 5 million for audits and investigations on the Check Payment Protection Program.

Reopening of schools

Biden has made reopening school programs in person a top priority.

So he proposes to allocate much more money to fund the improvements that teachers and districts say they need in order to reopen safely.

Biden:

The President would provide a total of $ 170 billion more to pre-K through 12th grade schools and colleges to help them reopen and operate safely.

Or, in any case, to facilitate remote learning.

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It would provide $ 130 billion for schools to reopen.

Also for school districts to meet the academic, social, emotional, and mental health needs of students.

Another $ 35 billion would go to public universities.

These include community institutions and public and private institutions that have been historically black, as well as those that serve minorities.

Additionally, Biden would provide governors with $ 5 billion to support the most affected educational programs.

From early childhood through K-12 and higher education.

Congress approved $ 82 billion in aid for schools in December.

Republican Party:

Republicans would provide $ 20 billion to get K-12 students back to school.

Childcare: Something On Which Biden's and Republican Stimulus Plans Agree

Both plans include spending billions of dollars on child care.

Biden:

President's plan calls on Congress to create a $ 25 billion emergency fund to assist child care providers in danger of closing.

Which would also seek to help those who had to close their doors to reopen.

The fund would also help pay rent, utilities and payroll, as well as protection measures against the coronavirus.

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Biden's package would also add $ 15 billion to the existing child care and development block grant program.

This initiative provides federal assistance to help low-income families who work or take classes pay for child care.

The provision is intended to assist parents struggling to pay for child care.

Also helping women return to the workforce, as they have left in disproportionate numbers to care for their children.

It also proposes to extend the child care tax credit for one year.

This is so families can recover up to half of their child care expenses for children under 13 years of age.

Republican Party:

Senators would allocate $ 20 billion to the child care and development block grant program.

Mental health services

The two plans would increase funding for mental health services by the same amount.

Biden:

The President's Package Proposes to Provide $ 4 Billion to the Substance Abuse and Mental Health Services Administration and the Health Resources and Services Administration to expand access to treatment.

Republican Party:

Senators would also increase funding for behavioral health services by $ 4 billion.

What else is in the stimulus plan Biden is proposing?

Republicans have yet to release full details of their proposal, but these are the additional points in Biden's bill.

Rental Assistance and Eviction Moratorium

The president would provide $ 25 billion in rental assistance for low- and moderate-income households that lost their jobs during the pandemic.

That is in addition to the $ 25 billion that lawmakers approved in December.

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Another $ 5 billion would be set aside to help struggling tenants pay their utility bills.

Biden is also asking for $ 5 billion to help states and localities assist those at risk of homelessness.

The plan would extend the federal moratorium on eviction, which was due to expire at the end of January, until September 30.

It would also allow people with mortgages guaranteed by the federal government to apply for forbearance until Sept. 30.

In this regard, Biden issued an executive action that extended the protection against evictions from the Centers for Disease Control and Prevention (CDC, for its acronym in English), which runs until March 31.

Help the states

Biden wants to send $ 350 billion to state, local and territorial governments to keep his frontline workers employed.

Also to distribute vaccines, increase screening, reopen schools, and maintain vital services.

Asked whether states could use the funds to offset declines in tax revenue caused by the pandemic, a senior Biden administration official did not clarify during a call with reporters.

The aid seeks to be flexible, an official told CNN later.

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Additional assistance to states has been one of the most controversial elements of Congressional bailout packages.

Democrats seek to raise $ 150 billion in March legislation, and Republicans resist such efforts.

The December package eventually eliminated an initial proposal to include $ 160 billion.

Biden's plan would also award $ 20 billion to the worst-hit transit agencies.

This to help avoid layoffs and suspension of routes.

A temporary increase in tax credits

Biden wants to increase the child tax credit to $ 3,600 for children under 6 and $ 3,000 for those ages 6 to 17 for one year.

The credit would also be fully refundable.

This would cost $ 120 billion, according to the Commission for a Responsible Federal Budget.

And it proposes to increase the maximum Income Tax Credit for one year to about US $ 1,500 for adults without children, increase the income limit for the credit to approximately US $ 21,000, and expand the age range of eligibility to cover older workers. .

Both measures are intended to support low-income families, including millions of essential workers.

Health Insurance Premium Subsidies

Biden also asks Congress to subsidize the premiums of those who lost their work-based health insurance through September.

He wants to increase and expand the Affordable Care Act premium subsidies so that members do not have to pay more than 8.5% of their income for coverage.

Which is also one of his campaign promises.

(The law faces a challenge from the Republican-led states that is currently before the Supreme Court.)

In addition, he wants Congress to provide $ 20 billion to meet the health care needs of veterans.

Paid emergency leave

The president's plan would reinstate paid sick and family leave benefits that expired at the end of December until September 30.

It would extend the benefit to workers in companies with more than 500 employees and fewer than 50. As well as federal workers who were excluded from the original program.

Under Biden's proposal, people who are sick or quarantined, or caring for a child whose school is closed, will receive 14 weeks of paid leave.

The government will reimburse employers with fewer than 500 workers for the full cost of providing the license.

A minimum wage of US $ 15 per hour

Biden also calls on Congress to raise the minimum wage to $ 15 an hour and end the tipped minimum wage and lower-than-minimum wage for people with disabilities.

Lauren Fox and Daniella Diaz, both from CNN, contributed to this report.

Congress Economic stimulus Proposal Republicans

Source: cnnespanol

All news articles on 2021-02-02

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