This aid plan could include a new check for the households, more lending to SMES, the most affected and funds to enable schools to re-open.
The financial assistance given by the u.s. federal government to the unemployed since the beginning of the crisis could be reduced to $ 200 per week instead of $ 600 since April, and the discussions are expected to start Monday night, according to several media outlets.
“The Senate republicans want to reduce the help of $ 600 to $ 200 until the States are able to implement a new approach that would pay workers 70% of the income they received before losing their jobs,” details the Washington Post.
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The 50 american States “are supposed to gradually introduce the new formula by two months (…), although it is not known to what extent this process could be tedious,” notes the daily. The opposition democrat wants his side to extend assistance of us $ 600 at least weekly until January 2021.
No reduction of social charges
The responsible democrats in Congress were to meet Monday evening the secretary of the Treasury Steven Mnuchin and the chief of staff of Donald Trump, Mark Meadows, to enter into formal discussions on a new aid plan for the economy, for a total amount of about 1000 billion dollars, according to the Washington Post. This could include a new check for the households, additional loans for small and medium-sized enterprises most affected, and funds to enable schools to re-open. The time is short, only 100 days to the presidential election.
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Steven Mnuchin had insisted on Sunday on the fact that”it simply would not be fair to use taxpayers’ money to pay more people to stay home if they worked and had a job.” When asked about a possible new tax cuts or a reduction in social security charges requested by the republican president, he had retorted: “that direct payments are a much faster way to give everyone a tax cut, and it is much faster than the reduction of social charges”.
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“Covid-19”, the new coronavirus
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The help of the federal government is in addition to the unemployment benefits paid by the States with amounts and durations of variables: they can go to 235 dollars (205 euros) per week in the Mississippi, at 823 dollars (720 euros) in Massachusetts, and three months in Georgia or in Nevada for six months in Maryland.
