Stimulus check HEALS Act – Stimulus Package & Second Stimulus Check Update – Republican Proposal
It is called the heels act. This is short for the health, economic assistance, liability protection and schools act. Here are the major items within the heels act. The second stimulus check. There is a second stimulus check. The stimulus check is for one thousand two hundred dollars. Adult dependents will qualify in the second stimulus check for five hundred dollars. The income levels will be the same as the previous stimulus package. You will receive the full amount of the second stimulus check if your income is under 75, 000 and you’re single or if you are married, and you have a combined income of under 150 000. If you are single and you have a dependent, you would receive the full amount of the second stimulus check if your income is under 112 500. If your income is over these amounts, your second stimulus check would be reduced at a certain income level. Your second stimulus check would be reduced to zero. The democrats. They also support a second stimulus check, so this is definitely good news. Unemployment benefits the republican proposal calls for the extension of unemployment benefits for two hundred dollars a week for two months. So until the end of september, after those two months, the unemployment benefit calculation would be based on how much you are making this method is called the income replacement method. The income replacement method would get your unemployment benefits up to 70 of your wages up to 500.
A week for the federal payment amounts, the republicans they do not want to extend unemployment benefits for the 600 a week, because people were making more money being unemployed instead of working treasury secretary steven mnuchin said it just wouldn’t, be fair to use taxpayer dollars to pay More people to pay more for people to stay at a home than they would working the democrats.
They prefer an extension of unemployment benefits for six hundred dollars a week. However, democratic leaders, they have said that they are willing to compromise on unemployment benefits if they get better terms for the second stimulus check and if the republicans compromise on other areas of the stimulus package for the sba ppp loan money. The proposal wants to give a second round of ppp loan money that will be more targeted towards small businesses. The self employed and small business owners would qualify for a second round of sba ppp loan money if you have 300 or less employees and your sales decline by 50 percent or more it also modifies qualifying expenses for ppp loan money. This most likely will not face much opposition from the democrats as the ppp program experiences heavy bipartisan support liability protection when it comes to liability protection. The republicans want to shield businesses, schools and medical personnel from frivolous lawsuits. These institutions would only be liable if they conduct gross negligence or intentional misconduct by people putting people at risk for covert 19.. The democrats they’re all already pushing back against this as they want these institutions to provide a higher degree of safety for the employees.
Students and patients, including the republican proposal, are a variety of tax deductions and tax credits such as increasing the tax deduction for meals. For the self employed and small businesses to 100 percent instead of 50 percent, there would be worker retention, tax credits, deductions for the purchase of ppe to protect employees, tax deductions for testing tax credits for cleaning tax deductions for protective equipment or measures taken to protect customers.
The republican proposal would also have incentives to american manufacturers to produce ppp at home. Instead of outsourcing that or manufacturing it overseas, there will be health care funding for diagnostic street diagnostics, treatment and future of the future vaccine. The theme of this republican stimulus package proposal is promoting jobs, health care and kids. You need to please remember that this is just a republican side of the proposal. This needs to be negotiated between the republicans and the democrats to create the final terms of the next stimulus package, the democrats they already laid out what they want in their proposal in the heroes act, which was provided two months ago. I look forward to providing you all the details and the developments in the days ahead. Please subscribe and i will keep you updated.