Biden and GOP senators provide competing COVID-19 aid plans

Biden and GOP senators provide competing COVID-19 aid plans

WASHINGTON (AP) — President Joe Biden and a bunch of 10 Senate Republicans have supplied competing proposals to assist the US reply to the coronavirus pandemic and supply financial aid to companies and households.

The president is assembly with the senators on Monday on the White Home in what press secretary Jen Psaki described as “an change of concepts” and never a discussion board for Biden to “make or settle for a suggestion.” In the meantime, Democratic leaders in Congress are laying the groundwork for taking on Biden’s proposal within the coming weeks.

The topline numbers are this: Biden’s plan requires an extra $1.9 trillion in federal spending. The ten GOP senators are calling for about $618 billion in federal spending.

The help would come on prime of the $900 billion coronavirus package deal that Congress handed in December and the $2.2 trillion package deal handed in March.

A take a look at the main variations:

AID TO INDIVIDUALS

Biden is proposing $1,400 checks for people incomes lower than $75,000. The quantity can be $2,800 for {couples} incomes lower than $150,000.

The ten GOP senators search $1,000 checks. They might go to people incomes lower than $40,000 a 12 months and would start phasing out with a tough cap at $50,000 a 12 months. The cost would enhance to $2,000 for {couples} incomes as much as $80,000 and part out with a tough cap at $100,000 a 12 months.

AID TO STATE AND LOCAL GOVERNMENTS

Biden’s framework would ship $350 billion to state and native governments to allay service cuts and preserve police, hearth and different public-sector staff on the job.

The Republican senators didn’t embrace any direct aid to state and native governments of their proposal. There was sturdy resistance within the GOP to such help, with many arguing it might reward states for poor fiscal administration.

AID TO SCHOOLS

Biden proposes $170 billion for training. Most of that cash would go to colleges for college students in kindergarten by twelfth grade to offset bills essential to reopen safely. About $35 billion would goal universities and neighborhood faculties.

The plan from Republicans pitches $20 billion for colleges serving college students in kindergarten by twelfth grade as a part of an initiative to get kids again to highschool.

MINIMUM WAGE HIKE

Biden’s plan features a gradual enhance within the federal minimal wage to $15 an hour. The plan from GOP senators doesn’t deal with the federal minimal wage, which now stands at $7.25 an hour.

CHILD CARE

Biden is proposing $40 billion in federal spending for youngster care. Inside that quantity, $25 billion would go to an “emergency stabilization fund” to assist youngster care suppliers offset bills essential to reopen or keep open. A further $15 billion would go to a long-standing block grant program that subsidizes youngster care bills for low-income households with kids below age 13. Biden can be calling for rising tax credit to assist cowl the price of youngster care.

The ten GOP senators are calling for a $20 billion increase to that block grant program.

UNEMPLOYMENT INSURANCE

Biden desires a $400 per week unemployment insurance coverage profit, a $100 enhance from present regulation, although September. His plan would additionally develop eligibility to incorporate self-employed staff, reminiscent of ride-share drivers who do not usually qualify for unemployment insurance coverage advantages.

The GOP plan additionally extends unemployment advantages, however at $300 per week by June 30.

VACCINES AND TESTING

Each proposals present $160 billion to spice up vaccinations and COVID-19 testing, basically permitting the nation to launch vaccination facilities, buy extra fast exams, develop lab capability and purchase private protecting gear for first responders.

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