Breaking down the $ 900 billion stimulus package and the $ 1.4 billion omnibus bill

Here’s a breakdown of what’s inside the massive end-of-year compromise:

$ 166 billion in direct checks

People earning up to $ 75,000 per year will receive a payout of $ 600, while couples earning up to $ 150,000 will receive $ 1,200, in addition to $ 600 per child. The agreement also makes stimulus checks more accessible to immigrant families. Treasury Secretary Steven Mnuchin said Monday the checks could come out as early as next week.

$ 120 billion in additional unemployment assistance

Unemployed workers will receive an additional $ 300 per week in federal cash until March 14. The legislation also extends employment benefits to the self-employed, concert workers and those who have exhausted their state benefits.

$ 325 billion boost for small businesses

Small businesses ravaged by the pandemic would see a total of $ 325 billion, including $ 284 billion in loans through the Paycheck Protection Program, $ 20 billion for businesses in low-income communities and $ 15 billion for troubled theaters, cinemas and museums – a top priority for Minority Leader Chuck Schumer. Small business support is only expected to cover less than three months of wage costs, however, while many employers do not expect to return to normal operations for more than six months.

Finding common ground on the Fed

After many intense bickering over the weekend, lawmakers have agreed on language that will prevent the Treasury Secretary from restarting emergency loan programs created by the CARES Act, as well as designing new ones. programs that look like those that end.

Totalization of tax breaks

The legislation allows companies to deduct expenses associated with their canceled PPP loans, in addition to extending employee retention credit intended to prevent layoffs. It includes a two-year tax break for business meals – a priority for President Donald Trump – and rolls over a variety of temporary tax breaks known as “extenders,” some for multiple years. The package also extends a payroll tax subsidy for employers offering workers paid sick leave and increases the earned income tax credit.

Status quo of the border wall

The government’s portion of the year-end program funding would maintain nearly $ 1.4 billion in cash for Trump’s southern border wall, in addition to $ 20 million for the new border processing coordinators. The bill also includes $ 15 billion for customs and border protection, nearly $ 8 billion for immigration and customs enforcement and $ 840 million in emergency cash to help ports d entry to cover lost income during the pandemic. There is no new funding for an increased number of border patrol officers or immigration enforcement personnel.

$ 45 billion in transportation assistance

This includes $ 15 billion to help airlines maintain their payroll, $ 14 billion for public transit, $ 10 billion for national highways, $ 2 billion for airports and $ 1 billion for Amtrak. .

An extension of state spending

State and local governments now have until December 31, 2021 to spend the assistance provided by the CARES Act.

Food aid and farmers

The year-end package includes $ 13 billion to increase food stamp benefits by 15 percent, although it does not extend SNAP eligibility. Farmers and ranchers will also see another round of direct payments of $ 13 billion to help cover losses caused by the pandemic.

Surprise billing agreement

The omnibus includes a deal to protect patients from receiving “surprise” medical bills after last-minute haggling – a top priority for retired Sen. Lamar Alexander (R-Tenn.). As POLITICO reported earlier this month, protecting insured patients from mind-boggling medical bills for unexpected off-grid and emergency care has been a bipartisan priority for lawmakers, but progress has stalled for more. one year.

Billions for vaccines, testing and tracing

The package includes $ 20 billion for the purchase of vaccines, nearly $ 9 billion for the distribution of vaccines and around $ 22 billion to help states with Covid-testing, tracing and mitigation programs. 19. The legislation also provides $ 5 million for testing on Capitol Hill. The national strategic reserve would receive more than 3 billion dollars.

Funding of funeral expenses

About $ 2 billion will be set aside for FEMA to distribute to states to help families meet coronavirus-related funeral expenses until the end of this month, waiving a 25-month correspondence requirement. percent between states.

Restore Medicaid for the Marshallese

Tens of thousands of people in the Marshall Islands will be allowed to enroll in Medicaid, with the year-end deal revising a drafting error in the 1996 welfare reform bill that excluded people with disabilities. islanders of the program. The problem has been detailed in a series of POLITICO stories this year.

Rent assistance and eviction ban

Of the $ 25 billion in federal rent assistance, $ 800 million is earmarked for Native American housing entities. A federal deportation ban has been extended until the end of January.

Infusion for schools and daycares

The total of $ 82 billion for colleges and universities includes more than $ 4 billion for a governors relief fund, more than $ 54 billion for public K-12 schools and nearly $ 23 billion for a fund higher education. In addition, the child care sector will receive approximately $ 10 billion in emergency cash.

Trade-offs of higher education

The legislation includes a bipartisan deal to cancel nearly $ 1.3 billion in federal loans to historically black colleges and universities, award Pell scholarships to students incarcerated after a 26-year ban, and simplify financial aid forms – the latest of these three has long been a priority for Alexander who is retiring. The agreement would also repeal a 1998 law that bars students convicted of drug offenses from receiving federal financial assistance.

Major anti-busing action

Lawmakers have removed a final vestige of the firefighting busloads of the 1970s, including language that prohibits the use of federal funds for transportation costs to lead school desegregation efforts.

Salary increase for troops

The omnibus portion of the year-end program includes a 3% military salary increase. It also preserves a 1 percent pay rise for federal civilian employees next year.

Money for another Virginia class submarine

The Fiscal Year 2021 funding bill for the Pentagon includes $ 2.3 billion for a second Virginia-class attack submarine, a top priority for lawmakers who have fought to build two sub -Attack sailors per year.

A nod to new museums

The legislation allows a Smithsonian Women’s History Museum and the National Museum of the American Latino on or near the National Mall after Sen. Mike Lee (R-Utah) blocked bipartisan legislation earlier this month that would establish the museums.

Keep the relief of the contractor

The package pursues a CARES Act program that allows contractors to keep employees on the payroll even if federal facilities close.

Restrict access to electronic cigarettes

Incoming House Appropriations Chair Rosa DeLauro (D-Conn.) Scored a victory with the inclusion of legislation requiring in-person age verification when delivering online purchases of cigarette products electronic and vaping.

A variety of reauthorizations

The government’s funding element includes a compromise version of an annual intelligence authorization bill and ensures that a large package of water infrastructure will travel to the passage. It also includes technical corrections to the United States-Mexico-Canada agreement.

A boon for broadband

The agreement invests $ 7 billion to increase broadband access for students, families and the unemployed, including $ 300 million for rural broadband and $ 250 million for telehealth.

The personnel office remains independent

The legislation blocks the Trump administration’s plan to merge most of the functions of the Office of Personnel Management into the General Services Administration, a proposal criticized by unions representing federal workers.

Dan Diamond, Michael Stratford, Stephanie Beasley, Zachary Warmbrodt, Victoria Guida, Eric Wolff, Connor O’Brien and Brian Faler contributed to this report.

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