Here’s what you need to know.
Sen. Lindsey Graham (R-SC) told Fox News that “half of the Republicans are going to vote ‘no’ on any more aid. That’s just a fact.” If so, then this could have significant ramifications for the next stimulus. On Monday, Senate Republicans announced the Heals Act (Health, Economic Assistance Liability Protection & Schools Act), a ~$1 trillion stimulus package proposal as a follow up to the Cares Act, the $2.2 trillion stimulus package that Congress passed in March. The Heals Act is the Republican response to the Heroes Act, which House Democrats passed as a $3 trillion stimulus plan. Among other proposals, the Heals Act includes the following:
$1,200 second stimulus checks;
Enhanced unemployment benefits capped at 70% of wage replacement;
$105 billion in education funding to open schools;Student loan relief that pauses student loan payments for borrowers with no income;
An extension of the Payment Protection Program; and
liability protections for businesses, hospitals and schools.