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
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
- The American Dream: Redefined as financial stability
- Partial annuitization: How advisors can help clients balance income, growth
- Guide women along the walk through widowhood
More Advisor NewsAnnuity News
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
- Partial annuitization: How advisors can help clients balance income, growth
More Annuity NewsHealth/Employee Benefits News
- Mid-year benefits review: What employers miss before renewal
- Downstream effects of federal cuts seen in Kansas budget, access to healthcare, food assistance
- REP. SUMMER LEE JOINS EDUCATION AND WORKFORCE DEMS IN INTRODUCING BILLS TO PROTECT AMERICANS FROM WRONGFUL HEALTH CLAIM DENIALS
- ICYMI: HOSPITAL CLOSURES AND DATA CENTERS PUT ASSEMBLY DISTRICT 92 IN THE SPOTLIGHT
- HARSHBARGER INTRODUCES LEGISLATION TO HOLD INSURANCE COMPANIES ACCOUNTABLE FOR SEX-REJECTING PROCEDURE HARMS
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
- Trust, technology and the future of claims
- New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
- AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News