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A Bipartisan Stimulus Plan—Including More Checks—Was Just Released. But Will It Break The Stalemate?

September 15, 2020 / Sarah Hansen, Forbes Staff

TOPLINE

After weeks of stalled negotiations over the next round of federal coronavirus aid, a bipartisan group of 50 House lawmakers has prepared a new proposal designed to bring together Washington’s bitterly divided factions and restart negotiations ahead of the November election. Here’s what you need to know about the long-shot plan.

KEY FACTS

  • The proposal includes another round of $1,200 direct payments to individuals, plus $500 per child and dependent adult—a provision that Democrats, some Republicans and the White House all support.
  • It would re-up the Paycheck Protection Program for small businesses with another $95 billion and reappropriate the remaining $145 billion from the first round of the program. 
  • It would revive federal supplemental unemployment benefits at a level of $450 per week for eight weeks, then replace lost wages up to $600 per week (with a cap to make sure the benefits don’t exceed lost income) for five weeks after that. 

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Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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