Stimulus checks
The House bill would provide direct payments of up to $ 1,400 per person. A family of four can receive up to $ 5,600.
Individuals who earn less than $ 75,000 a year and couples who earn less than $ 150,000 will receive the full amount.
The payment will be calculated based on the 2019 or 2020 revenue. Unlike the previous two rounds, adult dependents would be eligible for payments.
Unemployment assistance
The House bill would extend two key unemployment pandemic programs until August 29. It would also increase the weekly federal incentive to $ 400, from the current $ 300, and continue for the same period.
The president’s plan required continuing benefits until the end of September.
The former offers benefits to freelancers, concert workers, independent contracts and certain people affected by the pandemic, while the latter increases the duration of payments for those in the state’s traditional unemployment system.
The $ 300 increase also ends in mid-March.
Nutritional assistance
The Chamber’s plan would extend the 15% increase in food stamp benefits until September, instead of expiring in late June.
It also contains $ 880 million for the Special Supplementary Nutrition Program for Women, Babies and Children, known as WIC. Biden asked for a $ 3 billion investment in the program.
Housing allowance
The legislation would send about $ 19.1 billion to state and local governments to cover arrears, rent assistance and public services for low-income families at risk with unemployed members, according to the Congressional Budget Office.
It would also give about $ 10 billion to states and tribes to provide mortgage payment assistance and other financial assistance to homeowners affected by the pandemic.
And it would provide a total of $ 11 billion to provide rental assistance, services and support for the homeless, housing advice and mortgage support.
Tax credits for families and workers
It would also become fully refundable, so that more low-income parents could take advantage of it. In addition, families could receive monthly payments instead of a lump sum once a year, which would make it easier for them to pay the bills.
The bill also increases the income tax credit earned for childless workers, almost tripling the maximum credit and extending eligibility to more people. The minimum age to claim childless credit would be reduced to 19, out of 25, and the maximum age limit would be eliminated.
This would be the largest expansion of the income tax credit earned since 2009.
Childcare and education
The project would provide about $ 130 billion for K-12 schools to help students return to the classroom. Schools would be allowed to use the money to update their ventilation systems, reduce class sizes to help implement social distance, purchase personal protective equipment and hire support staff. This would require schools to use at least 20% of the money to deal with learning loss, providing extended days or summer school, for example.
The money is also intended to help prevent teacher layoffs next year, when some states may struggle to balance their budgets. The money pot will remain available until September 2023.
The Democratic bill is in line with what Biden proposed, but asks for more than six times the amount of funding for K-12 schools than a compromise plan offered by a small group of Republican senators.
The House bill now includes nearly $ 40 billion for colleges. Institutions would be required to spend at least half of the money to provide emergency financial aid grants to students.
In all, $ 170 billion would be authorized for K-12 schools and higher education. Last year, Congress passed a total of $ 112 billion between two aid packages that went to K-12 schools and colleges.
The project would also provide $ 39 billion for child care providers. The amount a provider receives would be based on operating expenses and is available to pay employees and rent, help families struggling to pay costs and purchase personal protective equipment and other supplies.
Health Insurance and Medicaid Allowances
Subscribers would not pay more than 8.5% of their income for coverage, against almost 10% now. In addition, those earning more than the current limit of 400% of the federal poverty level – about $ 51,000 for an individual and $ 104,800 for a family of four in 2021 – would become eligible for aid.
In addition, the legislation would reinforce subsidies for low-income members and those receiving unemployment insurance, completely eliminating their premiums.
The project would also provide assistance to those who wish to stay on their employer plans through COBRA. These dismissed workers would pay only 15% of the premium by the end of September, although that can still be expensive.
In addition, the legislation includes an attraction for states that have not yet expanded Medicaid to low-income adults, giving them a 5% increase in their federal Medicaid counterpart funds for two years.
Aid to states
House legislation would provide $ 350 billion to state and local governments, as well as tribes and territories.
Additional assistance to states is among the most controversial elements of Congressional bailouts, with Democrats seeking to increase the $ 150 billion in March legislation and Republicans resisting such efforts. The December package ended up discarding an initial $ 160 billion call.
Vaccines and tests
The House bill provides $ 14 billion for vaccines, $ 46 billion for testing, contact tracking and mitigation and $ 7.6 billion to hire 100,000 public health professionals to support the coronavirus response. It would also invest $ 25 billion to address health disparities and protect vulnerable populations.
The president’s plan was to invest $ 20 billion in a national vaccination program. It would also finance the hiring of 100,000 public health workers, almost tripling the community health workforce.
Minimum wage
The legislation would raise the federal minimum wage to $ 15 an hour by 2025 in stages. It would also ensure that workers who are tipped, youth and workers with disabilities receive full federal minimum wages.