The Democrats in the House of Representatives have unveiled their legislation for the stimulus and they have stuck close to the original Biden plan, resisting Republican calls to water it down.
The House bill would provide direct payments worth up to $1,400 per person. A family of four could receive up to $5,600.
Individuals earning less than $75,000 a year and married couples earning less than $150,000 would be sent the full amount.
…The House bill would extend two key pandemic unemployment programs through August 29. It would also increase the federal weekly boost to $400, from the current $300, and continue it for the same time period.
It would lengthen the duration of the Pandemic Unemployment Assistance program to up to 74 weeks, from 50 weeks, and the Pandemic Emergency Unemployment Compensation program to 48 weeks, from 24 weeks.
The former provides benefits to freelancers, gig workers, independent contracts and certain people affected by the pandemic, while the latter increases the duration of payments for those in the traditional state unemployment system.
…In an effort to combat poverty, it would expand the child tax credit to $3,600 for children under 6 and $3,000 for children under age 18.
It will also raise the minimum wage to $15 per hour over a period of a few years.
There is a lot more detail at the link.
You can expect Republicans to oppose it because the bill is targeted at those who are really hurting and there is little or nothing for the very wealthy (at least as far as I can see) and so will a couple of conservative Democrats who have bought into the deficit-inflation argument or are in Republican-friendly districts.
But it is a good start.
