{"id":106047,"date":"2021-02-01T21:54:48","date_gmt":"2021-02-01T21:54:48","guid":{"rendered":"https:\/\/fin2me.com\/?p=106047"},"modified":"2021-02-01T21:54:48","modified_gmt":"2021-02-01T21:54:48","slug":"factbox-bidens-covid-19-relief-plan-vs-senate-republicans-counter-proposal","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/factbox-bidens-covid-19-relief-plan-vs-senate-republicans-counter-proposal\/","title":{"rendered":"Factbox: Biden's COVID-19 relief plan vs. Senate Republicans counter-proposal"},"content":{"rendered":"

(Reuters) – U.S. President Joe Biden has proposed a $1.9 trillion package to fight the coronavirus and help those affected by it. A group of 10 Senate Republicans has proposed a smaller $600 billion package.<\/p>

FILE PHOTO: U.S. President Joe Biden visits a coronavirus disease (COVID-19) vaccination site during a visit to Walter Reed National Military Medical Center in Bethesda, Maryland, U.S., January 29, 2021. REUTERS\/ Kevin Lamarque\/File Photo\/File Photo<\/figcaption>

Here is how the two plans compare:<\/p>\n

PUBLIC HEALTH<\/h2>\n

Biden\u2019s plan calls for a national vaccination program, more rapid testing and additional medical equipment. It also would hire 100,000 new public-health workers to help with contact tracing and vaccine outreach. Cost: $160 billion<\/p>\n

The Republican plan would also set up a national vaccination program, expand testing and equipment, and reimburse hospitals and other medical providers. Cost: $160 billion<\/p>\n

UNEMPLOYMENT INSURANCE<\/h2>\n

Biden has called for an additional $400 per week in unemployment benefits through September. Cost: $350 billion<\/p>\n

The Republicans have proposed an additional $300 per week in unemployment benefits through June 30. Cost: $130 billion<\/p>\n

DIRECT PAYMENTS<\/h2>\n

Biden is seeking a third round of direct payments of up to $1,400 per person, though details remain unclear. Cost: $465 billion<\/p>\n

Republicans are proposing an additional $1,000 per person, with an additional $500 for children and other dependents. Benefits would be targeted at people who earn less than $50,000 per year or families that earn less than $100,000. Cost: $220 billion<\/p>\n

AID TO STATE AND LOCAL GOVERNMENTS<\/h2>\n

Biden: $350 billion<\/p>\n

Republicans: None<\/p>\n

SCHOOLS<\/h2>\n

Biden: $130 billion to help K-12 reopen; $35 billion for higher education<\/p>\n

Republicans: $20 billion for K-12; nothing for higher education<\/p>\n

SMALL BUSINESS<\/h2>\n

Biden: $15 billion in small business grants; $35 billion in low-interest loans<\/p>\n

Republicans: $50 billion for low-interest loans<\/p>\n

CHILD CARE<\/h2>\n

Biden: Expand tax credits to help families cover up to $3,600 in child-care costs, at a cost of $120 billion; provide $25 billion for child care providers and $15 billion in block grants<\/p>\n

Republicans: $20 billion in block grants<\/p>\n

RENTAL ASSISTANCE<\/h2>\n

Biden: Extend a foreclosure moratorium until Sept. 30; provide an additional $30 billion in rental and utility-bill aid; $5 billion in housing for the homeless<\/p>\n

Republicans: None<\/p>\n

PAID LEAVE<\/h2>\n

Biden would require companies and the federal government to offer paid leave for workers concerned about the coronavirus and cover the cost for small and medium-sized businesses.<\/p>\n

FOOD ASSISTANCE<\/h2>\n

Biden: Expand the Supplemental Nutrition Assistance Program, commonly known as \u201cfood stamps\u201d, and expand aid for women and children. Cost: Not publicized<\/p>\n

Republicans: Similar provisions. Cost: $12 billion<\/p>\n

MISCELLANEOUS<\/h2>\n

Biden: Raise the minimum wage to $15 per hour; $4 billion for mental health and substance abuse services; $20 billion for veterans\u2019 health; health-insurance subsidies; $20 billion for public transit; $20 billion for American Indian tribes; $10 billion for cyber defense programs<\/p>\n

Republicans: $4 billion for mental-health and substance abuse services<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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