The US Senate approved Wednesday the injection of two billion ( trillions in dollars) to the US economy to mitigate the devastation caused by the coronavirus pandemic.
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Upon approval, the proposal will now go to the Democrat-controlled lower house.
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According to the final text of the bill, the plan includes the following points:
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- Direct payments of $ 1,200 to people with an annual income of less than $ 75,000, and $ 2,400 for marriages with an annual income of less than $ 150,000. The payment decreases for taxpayers who earn more than $ 75,000 and less than $ 99,000. Direct payments of $ 500 for each minor child.
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- $ 260 billion for extend the unemployment benefit to four months, extending the amount that each person may charge to $ 600 weekly. It includes part-time employees, freelancers and the so-called ‘gig’ sector.
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- $ 377 billion to leverage small businesses, allowing them to pay loans and fixed expenses without having to fire their employees.
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- $ 500 billion in loans to sectors hardest hit by the pandemic such as commercial aviation and also for national security.
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- $ 220 billion for an emergency fund that includes the Federal Emergency Management Agency (FEMA), public schools, ground transportation networks, airports, and helps states to hold the November elections, among others.
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- 150,000 million dollars for hospitals to expand their physical plant, their personnel and their endowment of supplies such as protective equipment and tests to perform discard tests.
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- $ 150 billion for state and local governments.
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- Creation of a board that will supervise the management of funds. It prohibits the companies of President Donald Trump and Vice President Mike Pence from receiving funds issued by the Treasury Department for this rescue program.
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