Monday, December 21, 2020

What's in the U.S. COVID-19 bill? Unemployment, $600 checks, 'three martini lunch' deduction

See the article for details.



Sun, December 20, 2020, 7:17 PM EST

(Reporting by David Shepardson, David Brunnstrom and Andy Sullivan; Editing by Heather Timmons, Richard Pullin)

U.S. congressional leaders said on Sunday they had reached agreement on a $900 billion package to provide the first new aid in months to an economy hammered by the novel coronavirus pandemic, with votes likely on Monday.

Here's what is in the package, according to a summary released by House of Representatives Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer, and interviews with several congressional aides who provided additional details:


What’s not in the bill: Liability protection for companies whose employees get coronavirus, which Republicans have backed for months, was not including in the final negotiations or bill; Democrats laid aside sizable funds for state and local governments in return.

[A major reason it took so long to pass Covid relief was that republicans were insisting on the Liability protection, and Democrats would not allow it.]

A last-minute attempt by the Republican Party to limit the Federal Reserve’s emergency lending power to small businesses and local governments was also left out.

[appears that republicans were trying to limit the amount of economic stimulus to try to make Biden look bad, the way they did to Obama.]

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