Erin Burnett has left a new comment on your post "President Donald Trump signs historic $2 trillion ...":
Key provisions in the stimulus
A centerpiece of the stimulus package is that it will provide direct financial assistance to Americans in the form of checks with the amount received based on income.
Individuals who earn $75,000 in adjusted gross income or less would get direct payments of $1,200 each, with married couples earning up to $150,000 receiving $2,400 -- and an additional $500 per each child.
The payment would scale down by income, phasing out entirely at $99,000 for singles and $198,000 for couples without children.
In addition, the bill would provide billions of dollars in aid to hard-hit hospitals struggling to deal with the outbreak as well for state and local governments that are cash-strapped due to their response to coronavirus.
One point of contention in negotiations centered around a fund for distressed industries, with Democrats worrying that there would not be adequate oversight. In a compromise move, the final deal provides for accountability through an independent Inspector General and congressional oversight panel.
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Posted by Erin Burnett to ANT at March 28, 2020 at 10:02 AM
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