The Building Blocks of the $2 trillion Deal

The Democrats and Republicans are fighting over the stimulus deal to fight the economic destruction from shutting down the nation because of the coronavirus, but there’s no doubt they’ll get one done. There are some final details to be ironed out, but the main points seem to be set.

Individuals will get up to $1,200 in two waves of checks for people making up to $75,000. If you make more than that, you’ll get less.  People with children could get up to $3,000 for a family of four.

Distressed industries, such as travel and leisure, will get up to $500 billion in liquidity assistance, including about $30 billion in grants and $30 billion in loans.

It’s likely the $500 billion, which Democrats have called a corporate slush fund, will get an Inspector General to provide oversight.

Companies that participate will have restrictions on board transactions, stock buybacks, and executive pay.

Around $350 billion will be available to lend to small businesses, and $130 billion will be available for hospitals.

The plan provides a quarter trillion dollars to expand unemployment insurance, $10 billion for drug development, and $4 billion for medical supplies.

The federal plan will provide $150 billion for local and state governments hit hard by the virus.

It’s not clear if the final deal will include Speaker Pelosi’s requirement that air carriers receiving aid cut their carbon emissions by half by 2050.

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Comments (9)

  1. Brenda Adkins

    I would like to know if this Stimulus package has anything for seniors on social security? We have less money to make it as anyone else!

  2. Thomas R McNeely

    The things that Nancy wants in the Bill should not be in it! Only things for the virus! If she will not agree then DO NOT SIGN IT!

    • Philip Richard

      Nancy is not the only one with a wish list.

  3. John J

    Anyone know how we’re going to pay for it?

  4. Sedrick Harris

    Your Fed is Dead article was written on March 12. Today is March 25. So much has happened in that period between that this becomes FAKE NEWS. Are you that needy for writers that you have to dip into ancient history?

    • Informed American

      It was written, and published March 12. Not sure what the issue is.

  5. Gerald russo

    Speaker Pelosi needs her powers stripped from her along with Mr. Schumer so there will be no more special deals snuck into this corona virus package. The House and Senate should concentrate on the corona virus situation and not the airlines which should be stricken and brought up at a later date. NO MORE BARGAINING, CONCENTRATE ON THE CORONA VIRUS PANDEMIC

  6. Ralph

    Nancy Pelosi (The Wicked Witch of the West) is at it again. The Dumb Left continues to push Climate Change Restrictions on everything that uses fossil fuel. We cannot change the Weather and Carbon Emissions contribute only a fraction of what is really causing climate change. This crap is a Hoax probably the biggest Lie of the century. It’s a Trojan Horse for the Socialist Democreeps to gain power and control over our daily lives. If it doesn’t contribute to their ridiculous Utopian Ideology they will never listen or ever compromise with Republicans who are for the most part a lot Smarter and more sensible when dealing with Reality and the Truth.

    • William

      Dems don’t live in the real world! They think their fantasies are the real world, that’s why their proposals are so insane!!!

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