stimulus bill – Cincy Link https://cincylink.com Explore Cincy Tue, 12 Oct 2021 05:07:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://cincylink.com/pub/content/uploads/sites/27/2020/03/apple-touch-icon-precomposed-100x100.png stimulus bill – Cincy Link https://cincylink.com 32 32 Even with a second stimulus bill, unemployed Americans still struggle to get by https://cincylink.com/2021/10/12/even-with-a-second-stimulus-bill-unemployed-americans-still-struggle-to-get-by/ https://cincylink.com/2021/10/12/even-with-a-second-stimulus-bill-unemployed-americans-still-struggle-to-get-by/#respond Tue, 12 Oct 2021 05:07:26 +0000 https://cincylink.com/?p=23501

It took Congress almost nine months, but they have finally agreed on another stimulus pkg. The deal provides a one-time stimulus check, extends the eviction mortarium another month, and adds an additional $300 supplemental to extended unemployment benefits.

In total, it’s a $900 billion plan that now protects roughly 40 million Americans from potentially being evicted from their homes and prevents 12 million Americans from losing out on unemployment benefits.

“It is a success and a win because that won’t happen,” said Stephanie Freed, “Beyond that, it’s not much of a win.”

Stephanie Freed is among millions of Americans who are unemployed and have already expired out of unemployment benefits. Under the new deal, she will be able to now apply for unemployment again and will be eligible for the additional $300 weekly supplemental. However, even with reinstated and slightly higher benefits, it will still be a struggle to get by.

“The $300 is half of what people needed to survive, and the bigger problem is that it is not retroactive,” said Freed. “There has been five months with no additional benefit, state UI is not a livable wage.”

Freed has created an online organization called ExtendPUA in order to help others who are also struggling with unemployment during the pandemic. There are members of Extend PUA that have been getting as little as $7 a week in unemployment benefits since the $600 federal supplemental dropped off in July.

Grant McDonald is the co-founder of Extend PUA and knows firsthand that state unemployment benefits alone are not enough to survive. Like many, he has had to drain his savings and take on significant debt to just keep him barely afloat.

“Personally, I have not kept up with the number because I have just been trying to keep up with it all,” said McDonald. “I am just trying to pay as much as I can and watch my savings slowly disappear.”

In the latest stimulus package, Congress did agree on a $600 stimulus check that some say could help with debt accumulated.

“I think $600 is what rich people think poor people think is a lot of money, when in reality, that additional $300 plus the $600, one-time, is not going to help anyone pay any of the accumulated debts,” McDonald added.

For Freed, McDonald, and the thousands of unemployed people who have reached out to Extend PUA, the new stimulus deal is something, but nothing close to what they’ve been waiting nearly nine months for.

“We understand there are some wins here but mostly it means that we have to keep fighting,” said Freed.

The Biden administration has called this latest package a “down payment” to the American people, signaling an expectation for yet another more robust stimulus deal. Members of Congress, on both sides of the aisle, have also mentioned a need for another stimulus deal soon. However, similar messaging was heard after the passage of the CARES Act, and then it took nearly nine months to see a significantly smaller relief package.




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]]> https://cincylink.com/2021/10/12/even-with-a-second-stimulus-bill-unemployed-americans-still-struggle-to-get-by/feed/ 0 Concerns over what got stuffed into the stimulus bill and what is missing https://cincylink.com/2021/10/09/concerns-over-what-got-stuffed-into-the-stimulus-bill-and-what-is-missing/ https://cincylink.com/2021/10/09/concerns-over-what-got-stuffed-into-the-stimulus-bill-and-what-is-missing/#respond Sat, 09 Oct 2021 05:08:30 +0000 https://cincylink.com/?p=24119

The latest stimulus package passed by Congress is one of the longest bills to be pushed so quickly through the Senate and the House. The final bill was handed to lawmakers just hours before they voted on it.

“This bill is too long, too complicated,” said Thea Lee, president of the Economic Policy Institute (EPI).

EPI expects the $900-billion package will provide an instant jolt to our economy by extending unemployment benefits and enhancing them by $300 a week. It also includes a $600 stimulus check for millions of Americans and $25 billion for housing and eviction protection.

There are hundreds of billions of dollars for Paycheck Protection Program loans, intended for small businesses. However, those touted benefits only take up a couple of pages in the nearly 5,600-page bill.

"There are things in there that don’t belong in there,” said Lee.

In fact, as more experts and government watchdog organizations start to sift through the stimulus bill, which was also tied to an ominous spending bill, the list of non-pandemic related funding and measures grows.

“Some of it is things like horse-racing commissions [funding] and so on, but some of it shouldn’t be in there because it is helping either people or businesses that don’t need the help,” Lee explained.

For example, there’s a tax break on alcohol, and Lee pointed out the alcohol industry is one that has actually thrived during the pandemic. Legislators also included a tax break for what has been dubbed the Three Martini Lunch.

“It’s a deduction for business people who are having expensive lunches out. That has been extended in this bill,” said Lee. "That is not the best way, the most targeted way to help the restaurant industry.”

For all of the non-pandemic-related measures squeezed into this latest deal, there is a surprise in what did not make it in.

“The most important thing that is not in the stimulus bill is aid to state and local governments,” said Lee. "If they don’t get enough aid from the federal government, they will have to start laying off workers.”

Another thing not in the stimulus bill was an extension on the student loan payment pause. Many student loan borrowers will have to start repaying loans in January and interest will begin accruing again.

There is also, notably, no transparency requirement tied to small business PPP loans. Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding.

"The Department of Justice has actually indicted 57 people so far from stealing over $175 million from the PPP loan program,” said RJ Cross with U.S. PIRG.

Also, lawsuits filed by several news organizations forced the Small Business Administration to reveal more names of companies that have received the forgivable loans. The result has shown that most of the PPP loans issued in the first round, more than $250 billion, went to larger than intended business. The smallest businesses, in which the loans were intended for, actually struggled to get the funding they needed.

U.S. PIRG has fought for months to get transparency requirements tied to PPP loan money to prevent further fraud and corruption in the program, and the group was surprised that was not included in this latest stimulus package.

“If folks are very clear on the fact that information about their loans, their application, and their businesses will be made public, it helps to deter a lot of fraudsters in the beginning,” Cross added. “Congress largely squandered that opportunity to strengthen those measures that would increase public trust in the PPP program.”

Congress is expected to immediately begin working on yet another stimulus bill in January and could address some of the concerns with this latest bill.

"I hope that Congress can come back in 2021 and take up the elements that are missing from this bill,” said Lee.




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]]> https://cincylink.com/2021/10/09/concerns-over-what-got-stuffed-into-the-stimulus-bill-and-what-is-missing/feed/ 0 House Dems to vote on stimulus Friday, still poised to include minimum wage hike in stimulus https://cincylink.com/2021/08/02/house-dems-to-vote-on-stimulus-friday-still-poised-to-include-minimum-wage-hike-in-stimulus/ https://cincylink.com/2021/08/02/house-dems-to-vote-on-stimulus-friday-still-poised-to-include-minimum-wage-hike-in-stimulus/#respond Mon, 02 Aug 2021 04:48:29 +0000 https://cincylink.com/?p=35169

House Democrats are still poised to pass President Joe Biden’s proposed $1.9 trillion stimulus bill on Friday after the Senate parliamentarian ruled that a proposed increase to the minimum wage cannot be included in the stimulus bill. CNN and Politico first reported the news.

Despite the ruling, and after questions on whether the bill would have to go back into committees and go through the markup process all over again, Speaker Nancy Pelosi said the House is still set to vote on the stimulus bill on Friday. She said the the provision will remain in the bill.

“House Democrats believe that the minimum wage hike is necessary. Therefore, this provision will remain in the American Rescue Plan on the Floor tomorrow. Democrats in the House are determined to pursue every possible path in the Fight For 15," Pelosi said.

Pelosi said earlier on Thursday that the House is prepared to pass the stimulus bill with or without a minimum wage provision, adding that the House could vote on a separate minimum wage measure.

What is likely to happen is after House Democrats approve the measure on Friday, the Senate would then be expected to remove the minimum wage provision, kicking the bill back to the House for a final vote.

Because Democrats are using the budget reconciliation process to pass the bill in an effort to circumvent a Senate filibuster, only certainly types of legislation can be used via budget reconciliation. Buried within the stimulus bill was a proposal to increase the federal minimum wage from $7.25 per hour to $15 an hour by 2025.

Without budget reconciliation, such a dramatic increase to the minimum wage is almost certain to fail in the Senate given that 60 votes would be needed to bring the proposal to a vote.

Senate Majority Leader Chuck Schumer expressed his disappointment about the decision in a statement.

“We are deeply disappointed in this decision," Schumer said. "We are not going to give up the fight to raise the minimum wage to $15 to help millions of struggling American workers and their families. The American people deserve it, and we are committed to making it a reality.”

In order to use the budget reconciliation process, the bill has to be in agreement with the “Byrd Rule.”

The Byrd Rule in general requires that a proposal must produce a change in government spending or revenue, or change the federal deficit. While spending on a stimulus bill should pass the Byrd Rule, there were questions on whether the minimum wage increase would affect government spending or revenue.

In addition to Republican opposition, the minimum wage provision has faced criticism from various industries, including the restaurant industry, which has been decimated amid the pandemic. Rather than scrapping the stimulus bill altogether, leaders of the National Restaurant Association are calling for the minimum wage provision to be removed from the bill.

“Passage of this bill this year would lead to job losses and higher use of labor-reducing equipment and technology,” said Sean Kennedy, executive vice president for Public Affairs for the National Restaurant Association. “Nearly all restaurant operators say they will increase menu prices. But what is clear is that raising prices for consumers will not be enough for restaurants to absorb higher labor costs.”

If passed on its own, the federal minimum wage would increase to $9.50 on June 1, $11 in June 2022, $12.50 in June 2023, $14 in June 2024 and $15 in June 2025.

A recent Congressional Budget Office analysis projects that the poverty rate would decline by .9%, roughly the same percentage of workers would find themselves out of work.

The CBO projects the cumulative pay of affected people would increase, on net, by $333 billion through 2033. At the same time, those seeing higher income would cumulatively have a $509 billion increase in pay through 2033. Those with reduced employment would lose $175 billion in income.

Senate Minority Leader Mitch McConnell cited the CBO’s findings on the floor of the Senate earlier this month.

“But remember, this is about liberal dreams and not urgent needs,” McConnell said about Democrats wanting to include a minimum wage increase in the stimulus bill.

Schumer has been a proponent of increasing the minimum wage.

"The bottom line is simple. We are still in a historic crisis of health of the economy," Schumer said. "The American people know we're in a historic crisis and the Senate will soon take action on our plan to solve this crisis. A plan with overwhelming public support. Our Republican colleagues will have to decide whether they will work with us to improve the legislation or obstruct it to the bitter end."

The stimulus bill includes $1,400 checks for most Americans making less than $75,000 a year. It also includes $1,400 for eligible dependents. The proposal increases the child tax credit to $3,000 per year ($3,600 for children under age 6). And it extends enhanced unemployment benefits through September.

The bill also replenishes funds for small business grants, and adds nearly $130 billion for schools to retain staff and implement social distancing protocols.

Justin Boggs is a writer for the E.W. Scripps National Desk. Follow him on Twitter @jjboggs or on Facebook.




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]]> https://cincylink.com/2021/08/02/house-dems-to-vote-on-stimulus-friday-still-poised-to-include-minimum-wage-hike-in-stimulus/feed/ 0 When to expect your coronavirus stimulus check | FOX News Rundown podcast https://cincylink.com/2020/04/01/when-to-expect-your-coronavirus-stimulus-check-fox-news-rundown-podcast/ https://cincylink.com/2020/04/01/when-to-expect-your-coronavirus-stimulus-check-fox-news-rundown-podcast/#respond Wed, 01 Apr 2020 15:00:26 +0000 https://cincylink.com/when-to-expect-your-coronavirus-stimulus-check-fox-news-rundown-podcast/

Fox News Rundown podcast | April 1, 2020
Get more episodes of the Fox News Rundown podcast here:

Congress just passed a $2 trillion stimulus bill in response to the coronavirus outbreak and the economic crisis it created. Americans are curious if they will get benefits. While you probably will get a check, how much should you expect? The Wall Street Journal's Richard Rubin joins the Rundown to break down who receives a check and who doesn't.

The coronavirus pandemic has impacted many small businesses. The restaurant industry has been especially hard hit as many owners have been forced to close down their dining areas and only serve takeout because of social distancing. This has left many restaurant workers unemployed and uncertain about when they can return to work. Chef Robert Irvine -- restaurant owner and host of the Food Network series "Restaurant: Impossible," -- weighs in on if restaurants will survive, how business owners can adapt and more.

Plus, commentary by Democratic Strategist Leslie Marshall.

The FOX News Rundown is a news-based daily morning podcast. Each morning, Jacqui Heinrich, Dave Anthony, Lisa Brady, Jessica Rosenthal and Chris Foster take a deep dive into the major and controversial stories of the day, tapping into the massive reporting resources of FOX News to provide a full picture of the news. You'll hear a contrast of perspectives you may not hear elsewhere while going far beyond the basic headlines. Each day The FOX News Rundown features insight from top newsmakers, along with FOX News reporters and contributors, plus a daily commentary on a significant issue of the day. Check us out each morning.

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]]> https://cincylink.com/2020/04/01/when-to-expect-your-coronavirus-stimulus-check-fox-news-rundown-podcast/feed/ 0 Trump signs $2 trillion coronavirus stimulus bill https://cincylink.com/2020/03/27/trump-signs-2-trillion-coronavirus-stimulus-bill/ https://cincylink.com/2020/03/27/trump-signs-2-trillion-coronavirus-stimulus-bill/#respond Fri, 27 Mar 2020 21:08:23 +0000 https://cincylink.com/trump-signs-2-trillion-coronavirus-stimulus-bill/

President Trump will sign the historic $2 trillion coronavirus stimulus bill that was passed by unanimous consent in the House earlier today.

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]]> https://cincylink.com/2020/03/27/trump-signs-2-trillion-coronavirus-stimulus-bill/feed/ 0 'There will be blood on Massie's hands' if House vote is delayed: Rose https://cincylink.com/2020/03/27/there-will-be-blood-on-massies-hands-if-house-vote-is-delayed-rose/ https://cincylink.com/2020/03/27/there-will-be-blood-on-massies-hands-if-house-vote-is-delayed-rose/#respond Fri, 27 Mar 2020 16:51:47 +0000 https://cincylink.com/there-will-be-blood-on-massies-hands-if-house-vote-is-delayed-rose/

Ahead of the coronavirus stimulus vote, House lawmakers are concerned Rep. Thomas Massie may trigger delay; New York Congressman Max Rose reacts on ‘America’s Newsroom.’

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]]> https://cincylink.com/2020/03/27/there-will-be-blood-on-massies-hands-if-house-vote-is-delayed-rose/feed/ 0 This one House rep could delay the coronavirus stimulus bill https://cincylink.com/2020/03/27/this-one-house-rep-could-delay-the-coronavirus-stimulus-bill/ https://cincylink.com/2020/03/27/this-one-house-rep-could-delay-the-coronavirus-stimulus-bill/#respond Fri, 27 Mar 2020 14:30:51 +0000 https://cincylink.com/this-one-house-rep-could-delay-the-coronavirus-stimulus-bill/

There are deep worries on both sides of the aisle that Rep. Thomas Massie could try to sidetrack plans to quickly approve a coronavirus bill; Chad Pergram reports from Capitol Hill.

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]]> https://cincylink.com/2020/03/27/this-one-house-rep-could-delay-the-coronavirus-stimulus-bill/feed/ 0 Ted Cruz talks House stimulus vote after self-quarantine https://cincylink.com/2020/03/27/ted-cruz-talks-house-stimulus-vote-after-self-quarantine/ https://cincylink.com/2020/03/27/ted-cruz-talks-house-stimulus-vote-after-self-quarantine/#respond Fri, 27 Mar 2020 13:41:17 +0000 https://cincylink.com/ted-cruz-talks-house-stimulus-vote-after-self-quarantine/

Texas Senator Ted Cruz, Republican member of the Senate Judiciary Committee discusses the House vote on $2 trillion COVID-19 relief bill on ‘Fox and Friends.’

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]]> https://cincylink.com/2020/03/27/ted-cruz-talks-house-stimulus-vote-after-self-quarantine/feed/ 0 Kellyanne Conway teases possible 'phase four' of coronavirus relief bill https://cincylink.com/2020/03/26/kellyanne-conway-teases-possible-phase-four-of-coronavirus-relief-bill/ https://cincylink.com/2020/03/26/kellyanne-conway-teases-possible-phase-four-of-coronavirus-relief-bill/#respond Thu, 26 Mar 2020 18:09:00 +0000 https://cincylink.com/kellyanne-conway-teases-possible-phase-four-of-coronavirus-relief-bill/

White House counselor Kellyanne Conway breaks down details of coronavirus stimulus package.

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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]]> https://cincylink.com/2020/03/26/kellyanne-conway-teases-possible-phase-four-of-coronavirus-relief-bill/feed/ 0 Peter Navarro breaks down latest White House coronavirus efforts https://cincylink.com/2020/03/26/peter-navarro-breaks-down-latest-white-house-coronavirus-efforts/ https://cincylink.com/2020/03/26/peter-navarro-breaks-down-latest-white-house-coronavirus-efforts/#respond Thu, 26 Mar 2020 16:41:34 +0000 https://cincylink.com/peter-navarro-breaks-down-latest-white-house-coronavirus-efforts/

Senate unanimously approves $2 trillion coronavirus stimulus package; White House trade adviser Peter Navarro joins ‘America’s Newsroom.’

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]]> https://cincylink.com/2020/03/26/peter-navarro-breaks-down-latest-white-house-coronavirus-efforts/feed/ 0 How quickly will Americans get checks from the $2T relief bill? https://cincylink.com/2020/03/26/how-quickly-will-americans-get-checks-from-the-2t-relief-bill/ https://cincylink.com/2020/03/26/how-quickly-will-americans-get-checks-from-the-2t-relief-bill/#respond Thu, 26 Mar 2020 14:35:57 +0000 https://cincylink.com/how-quickly-will-americans-get-checks-from-the-2t-relief-bill/

Congressman Michael McCall discusses expectations for the timeframe when stimulus checks will be in the hands of American workers and businesses.

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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]]> https://cincylink.com/2020/03/26/how-quickly-will-americans-get-checks-from-the-2t-relief-bill/feed/ 0 McCarthy expects debate on stimulus bill before House votes https://cincylink.com/2020/03/26/mccarthy-expects-debate-on-stimulus-bill-before-house-votes/ https://cincylink.com/2020/03/26/mccarthy-expects-debate-on-stimulus-bill-before-house-votes/#respond Thu, 26 Mar 2020 13:43:17 +0000 https://cincylink.com/mccarthy-expects-debate-on-stimulus-bill-before-house-votes/

House Minority Leader Rep. Kevin McCarthy previews the upcoming vote on $2T in coronavirus relief.

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]]> https://cincylink.com/2020/03/26/mccarthy-expects-debate-on-stimulus-bill-before-house-votes/feed/ 0 Rep Collins previews the House's vote on the coronavirus stimulus bill https://cincylink.com/2020/03/26/rep-collins-previews-the-houses-vote-on-the-coronavirus-stimulus-bill/ https://cincylink.com/2020/03/26/rep-collins-previews-the-houses-vote-on-the-coronavirus-stimulus-bill/#respond Thu, 26 Mar 2020 12:25:33 +0000 https://cincylink.com/rep-collins-previews-the-houses-vote-on-the-coronavirus-stimulus-bill/

Republican Rep. Doug Collins joins 'Fox & Friends' after completing quarantine in Georgia.

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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]]> https://cincylink.com/2020/03/26/rep-collins-previews-the-houses-vote-on-the-coronavirus-stimulus-bill/feed/ 0 Nancy Pelosi tells House Dems to 'recognize the good' in stimulus bill https://cincylink.com/2020/03/25/nancy-pelosi-tells-house-dems-to-recognize-the-good-in-stimulus-bill/ https://cincylink.com/2020/03/25/nancy-pelosi-tells-house-dems-to-recognize-the-good-in-stimulus-bill/#respond Thu, 26 Mar 2020 01:20:20 +0000 https://cincylink.com/nancy-pelosi-tells-house-dems-to-recognize-the-good-in-stimulus-bill/

House Speaker Nancy Pelosi told House Democrats that it's important to "recognize the good" in the $2 trillion stimulus package that's aimed at providing a jolt to an economy struggling due to the coronavirus pandemic.
#CNN #News

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