Factbox: What is in the final version of U.S. Democrats' $1.9 trillion
COVID-19 aid plan?
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[March 09, 2021]
WASHINGTON (Reuters) - President Joe
Biden's $1.9 trillion plan to address the human and economic toll of the
COVID-19 pandemic includes proposals ranging from fresh payments to
households, aid for cash-strapped state and local governments, and money
for schools. It is being touted by Democrats as one of the largest U.S.
anti-poverty programs in decades.
Here are some major elements of the legislation. The Senate revised a
bill passed by the House of Representatives, which is expected to sign
off this week on the latest version:
DIRECT PAYMENTS: $400 BILLION
The package called the "American Rescue Plan" proposes a new round of
payments to Americans of $1,400 per person. The final version of the
bill would provide payments to individual taxpayers earning less than
$80,000 annually and couples making less than $160,000.
AID TO STATE AND LOCAL GOVERNMENTS: $350 BILLION
One of the most contentious elements of the package would provide
funding to cash-strapped state and local governments to help them cope
with added costs for first responders, vaccine distribution and other
expenses at a time when some of their revenues are falling. Republicans
contend that many of the states do not need the need. The bill aims to
give smaller local governments more access to funds than previous
measures.
CHILDCARE: $56 BILLION
About $55 billion would be spent on childcare programs and $1 billion
for the early learning Head Start program. In addition, a child tax
credit would be expanded, resulting in a revenue loss of about $109
billion.
SCHOOLS: $170 BILLION
The bill would help reopen elementary and high schools safely and
provide aid to colleges and universities that have suffered major
revenue losses during the pandemic. Republicans have complained that too
little of the money would be spent this year.
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General view of the U.S. Capitol as the House of Representatives
takes up debate of U.S. President Joe Biden's $1.9 trillion COVID-19
relief plan in Washington, U.S., March 8, 2021. REUTERS/Joshua
Roberts
UNEMPLOYMENT INSURANCE: $163 BILLION
Jobless people would get a new round of federal payments amounting
to $300 per week through Sept. 6. The first $10,200 in benefits
would not be taxed.
PUBLIC HEALTH: $109 BILLION
Expanded COVID-19 testing, tracing and genomic sequencing would cost
$49 billion; $35 billion to expand the Affordable Care Act, better
known as Obamacare; $11 billion for community health centers and
related facilities; $8 billion to hire more public health workers,
and $6 billion for the Indian Health Service.
SMALL-BUSINESS AID: $48 BILLION
Targeted small-business grants would total $15 billion; $25 billion
in a new grant program for restaurants; $7 billion for Paycheck
Protection Program aid for non-profits and digital news services; $1
billion for theaters, independent movie theaters and cultural
institutions.
HOUSING ASSISTANCE: $45 BILLION
Households would get help paying rent, mortgages and utilities and
homeless people would be placed into housing. The government
estimates that 12 million people owe an average of $5,800 in back
rent and utilities.
FOOD AID: $12 BILLION
Increased benefits under the Supplemental Nutrition Assistance
Program would be extended through Sept. 30. Other programs also
would benefit, such as the Special Supplemental Program for Women,
Infants and Children.
(Reporting by Richard Cowan; Editing by Scott Malone and Peter
Cooney)
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