New COVID Stimulus Proposal – What You Need to Know

New COVID Stimulus Proposal - What You Need To Know

(RepublicanPress.org) – As the country moves into the heart of winter, the nation’s attention turns towards increasing coronavirus cases and the economic damage following in its wake. Thousands of restaurants and small businesses have shut down, leaving tens of thousands of individuals looking for work. Amid this devastation, a bipartisan group of senators presented a stimulus package on December 1.

The package’s total cost comes in at $908 billion, falling between the $500 billion sought by Senate Republicans and the $2.2 trillion House Democrats want. It includes billions of dollars for weekly unemployment benefits to enhance state-level payments. It also provides money for education, transportation services, and housing assistance.

Additionally, the program includes more funding for the Paycheck Protection Program (PPP) and money for state and local governments. However, it does not have another round of stimulus checks sent out to individuals and families.

While it’s not perfect by any stretch of the imagination, the plan does offer some hope that Democrats might be able to set aside their differences and work with Republicans to help the nation’s economy in its time of need.

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