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Congress passed $900 billion coronavirus relief bill

Axios – “The House on Monday released the text of a $900 billion coronavirus relief package and $1.4 trillion government spending bill that Congress expects to pass before the holidays. The House will move quickly to pass the bill on Monday night, with the Senate likely to stay late to vote in the early hours of Tuesday morning. This gives lawmakers and their staff just hours to review a 5,593-page bill — one of the largest rescue packages in U.S. history….The package includes:

  • $600 stimulus checks per adult and child.
  • $300 per week in enhanced unemployment insurance for 11 weeks.
  • $319 billion for small businesses, including $284 billion for loans given through the Paycheck Protection Program, $20 billion in EIDL Grants, and $15 billion for live venues, independent movie theaters, and cultural institutions.
  • $25 billion in rental assistance and an extension of the eviction moratorium.
  • $13 billion in increased SNAP and child nutrition benefits.
  • $82 billion in education, with $10 billion dedicated to child care.
  • $7 billion to increase access to broadband.
  • Billions for vaccine distribution and COVID-19 testing.
  • Language ending surprise billing for emergency and scheduled care.
  • A tax credit for employers offering paid sick leave and extends the Employee Retention Tax Credit.
  • $4 billion for GAVI, the international vaccine alliance.”

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