In addition to the lump sum payment of $ 600, the incentive law would provide a subsidy of $ 300 per week to all workers receiving unemployment benefits. It will also renew two programs created by the CARES Act in March: Epidemic Emergency Unemployment Compensation, which provides benefits to workers who have exhausted their state aid, and Epidemic Unemployment Assistance, which offers gig workers, part-time workers, seasonal Covers workers and others who are not eligible for traditional unemployment benefits.
The second event is Reina Krider of Federal Way, Wash. Has served as a pet and a delivery driver for Door Dash. When the virus hit and schools closed, he stopped working to take care of his 15-year-old son and 10-year-old daughter, who is deaf and has autism. Ms. Crider, 36, is also the guardian of her 14-year-old niece.
The $ 211 she receives from the program each week and some additional federal benefits are not enough to hold her back from renting, and she owes her landlord $ 1,500. He said waiting for Congress on the bill was “terrible”.
“It’s the worst thing I could possibly imagine,” she said. “If you told me a year ago that the whole country would be harmed in this way, then without the help of the government, I would have told you that this will never happen. I live in the U.S. “
More than 20 million Americans are collecting unemployment benefits and the unemployment rate is 6.7 percent. A year ago, before the epidemic hit, the unemployed rate Touched 3.5 percent, Tying a 50 year low.
The lawmakers agreed to issue incentive payments of $ 600 and a plan to distribute federal unemployment benefits of $ 300 for 11 weeks. The bill heavily defeated both houses of Congress, but President Trump opposes signing this. Find out more about Bill what’s in it for you, The president should eventually sign into law.
- Will I receive another incentive payment? With individual adults adjusted gross income Their 2019 returns will receive a $ 600 payment on returns of up to $ 75,000 a year, and $ 112,500 at the head of the household and a couple (or whose spouse died in 2020) with earnings up to $ 150,000 a year. Will be doubled. If they have dependent children, they will also receive $ 600 for each child. People with incomes above these levels will receive a partial payment that declines by $ 5 for every $ 100 in income.
- When can my payment arrive? Treasury Secretary Steven Menuchin told CNBC he expected the first payment before the end of the year. But it will be some time before all the eligible people get their money.
- Does the agreement affect unemployment insurance? The lawmakers agreed to expand the amount of time that people can collect unemployment benefits and resume an additional federal benefit that is provided on top of the usual general benefit. But instead of $ 600 per week, it would be $ 300. It will run till 14 March.
- I am behind my rent or hope to be soon. Can I get any relief? The agreement allows $ 25 billion to be disbursed through state and local governments to help tenants who fall behind. To get help, families have to meet many Conditions: Household income (for 2020) cannot exceed 80 percent of the region’s average income; At least one household member must be homeless or at risk of housing instability; And individuals must qualify for unemployment benefits or face financial hardship – directly or indirectly – due to the epidemic. The agreement states that assistance will be given priority for low-income families and those who have been unemployed for three months or more.
If this bill is repealed, it could push about five million people into poverty overnight, accordingly. an estimate From Columbia University researchers.
For those on the sidelines, recent political sportsmanship has been violated.
“We don’t have time to argue with them,” said Shannon Williams of Toledo, Ohio. “Everybody needs help at some time, many people need it.”