House Passes Third Bipartisan Coronavirus Package to Provide Economic Relief to Working Class Americans, Seniors and Small Businesses
$2 Trillion Stimulus Bill Includes Direct Payments to Americans, Emergency Grants to Small Businesses, Expanded Unemployment Benefits and Support Hospitals and Frontline Health Care Workers
Congressman Dan Kildee (MI-05), Chief Deputy Whip of the House Democratic Caucus, today applauded the U.S House of Representatives for passing H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency relief package to support American workers, families and small businesses impacted the coronavirus pandemic. The bipartisan bill, which already passed the U.S. Senate, is expected be signed into law by the President.
“I am doing everything I can to support Michiganders during the coronavirus pandemic,” Congressman Kildee said. “The American people deserve a coordinated, fully-funded and whole-of-government response to keep them and their loved ones safe. I am pleased Congress acted swiftly on this emergency legislation, which puts families first and provides fast economic relief for workers, seniors and small businesses. This bipartisan legislation, supported by Republicans and Democrats, makes sure that workers, seniors and families have the resources they need to get through this unprecedented crisis.”
The CARES Act will:
- Direct payments to taxpayers: The bill will provide $1,200 in direct payments to taxpayers with incomes up to $75,000 per year before starting to phase out and ending altogether for those earning more than $99,000. Parents would receive an additional $500 per child. Seniors, including those on Social Security, as well as non-tax filers and those on SSDI and SSI will also be eligible for this assistance.
- Expanded Unemployment Benefits: The bill would significantly extend jobless insurance by 13 weeks and include a four-month, $600 increase in benefits. House Democrats successfully fought to expand unemployment insurance benefits for self-employed contractors and “gig” economy workers.
- Support for Hospitals, Health Care Workers: The bill provides $200 billion to support hospitals and frontline health care workers. Also, Federally Qualified Health Centers and Rural Health Centers will be able to bill directly for telehealth services during the coronavirus crisis.
- Additional Small Business Grants: Small businesses will receive additional help, in the form of emergency loans and grants. The bill provides federally-guaranteed support, through community banks, to small businesses, including loans that can be forgiven if businesses keep workers on the payroll, instead of laying workers off.
- Loans for Large Businesses: Larger companies can apply for loans through the Federal Reserve, including the airline industry. House Democrats successfully negotiated that any large company that receives loans through the federal government will have to take additional steps to keep their workers on the payroll, limit executive bonuses, and ban stock buybacks.
Throughout the coronavirus pandemic, Congressman Kildee has worked tirelessly to prioritize direct support for Michigan workers, seniors and small businesses. Kildee previously helped to pass two other emergency aid packages responding to the coronavirus, including:
- H.R. 6201, the Families First Coronavirus Response Act, which included paid sick and family leave, strengthened food assistance and free coronavirus testing for all that need it.
- H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act, which included $8.3 billion in emergency funds to accelerate vaccine funding and buy more personal protective equipment for frontline health care workers.
Yesterday, Congressman Kildee announced almost $300,000 in federal grants to four local health centers in the Fifth Congressional District to help combat the coronavirus pandemic.