Democrats Push COVID-19 Relief Bill, Expect Passage This Week
Feb. 23—Democrats on Monday advanced the $1.9 trillion coronavirus relief bill, teeing up a House vote to pass the massive package later this week, according to Massachusetts Rep. Richard Neal.
The American Rescue Plan would result in $1,400 stimulus checks to many Americans and extended temporary unemployment benefits.
"I fully anticipate that it will pass the House of Representatives in a very disciplined manner on Friday," Neal said during a press conference in Springfield on Monday.
"I hope by end of March people will start to feel it," he said of the additional stimulus payments.
The weekly supplemental benefit for unemployment would increase from $300 to $400 under the plan.
"I think that many families as we expand unemployment insurance ... we think that this legislation will further offer them a bridge," Neal said.
Money from the American Rescue Plan will also go toward the national vaccination program by setting up community vaccination sites, help reopen schools, fund testing programs, and provide aid to state and local governments.
The House of Representatives Budget Committee on Monday marked up the plan and advanced it on a 19-16 vote.
U.S. Rep. Jim McGovern, D-Mass., tweeted, "The need for critical #COVID19 relief is not a red state, blue state issue. @HouseBudgetDems markup of the #AmericanRescuePlan Act of 2021 puts us one step closer to delivering vital relief for struggling communities across the country."
This vote on Monday came as the U.S. eclipsed 500,000 virus deaths.
"Members of Congress join Americans in prayer for the lives lost or devastated by this vicious virus," House Speaker Nancy Pelosi said in a statement. "As we pray, we must act swiftly to put an end to this pandemic and to stem the suffering felt by so many millions. With the passage of President Biden's American Rescue Plan this week, the American people will know that Help Is On The Way."
President Biden on Monday noted that critics of the plan say it's "too big."
"Let me ask them a rhetorical question: What would you have me cut? What would you leave out?" Biden said in remarks on Monday. "The American Rescue Plan targets $50 billion to support the hardest-hit small businesses after this program expires at the end of March. Would you not help invest in them? Would you let them continue to go under? Would you leave them out again, like the previous administration did?"
Republicans are pushing back against the plan. The House Budget GOP tweeted that Democrats are "pushing a bill that will destroy jobs, harm America's working class, and bailout @POTUS political allies."
___
(c)2021 the Boston Herald
Visit the Boston Herald at www.bostonherald.com
Distributed by Tribune Content Agency, LLC.


Global Liability Insurance Market Outlook to 2023: Key Trends, Regulatory Developments and COVID-19 Impact Analysis
Aflac on Ethisphere’s World’s Most Ethical Companies List for 15th Consecutive Year
Advisor News
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
More Advisor NewsAnnuity News
- Farm Bureau P&C insurers post first underwriting gain since 2021
- Legacy Marketing, Malibu Life launch two fixed indexed annuities
- Changing client priorities are reshaping annuity conversations
- Solen Software acquires annuity software provider Cooperative Technologies
- MassMutual Expands Lending Options With New Secured Credit Line
More Annuity NewsHealth/Employee Benefits News
- Cost of employer-sponsored health insurance plans rises again, nonpartisan survey finds
- Centene sues feds over low ratings for senior health plans
- Terry Savage: Small business owners, now is the time to offer health insurance coverage
- Aldermen select employee medical insurance broker services provider
- Southwest Bridge Health focusing on insurance coverage gap in Berrien County
More Health/Employee Benefits NewsLife Insurance News