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Bipartisan Group of Senators Unveils $900 Billion Coronavirus Stimulus Proposal

Added 12-01-20 12:04:03pm EST - “The proposal would provide $300 a week in additional unemployment benefits for four more months.” - Nationalreview.com

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Posted By TheNewsCommenter: From Nationalreview.com: “Bipartisan Group of Senators Unveils $900 Billion Coronavirus Stimulus Proposal | National Review”. Below is an excerpt from the article.

A bipartisan group of senators on Tuesday unveiled a roughly $908 billion coronavirus stimulus package in an attempt to end months of political gridlock and bring economic relief to Americans as coronavirus cases surge across the country.

The proposal would provide $300 a week in additional unemployment benefits for four more months, according to the Washington Post, lower than Democrats’ desired $600 per week and would not include another direct payment to most Americans.

It would provide $160 billion in funding for state and local governments — spending Democrats have sought and Republicans have opposed, though the proposal also includes a six-month moratorium on some coronavirus-related lawsuits against firms and other entities, something Republicans have supported and most Democrats have opposed.

The proposal also includes $288 billion in small business aid such as Paycheck Protection Program loans as well as $16 billion for vaccine distribution, testing and contact tracing and $82 billion towards education. It would also allocate funds for rental assistance, child care and broadband.

Several centrist Senators, including Senators Joe Manchin (D., W. Va.), Mitt Romney (R., Utah), Susan Collins (R., Maine) and Mark Warner (D., Va.) have revealed their bipartisan deal as a template for legislation that could end the months-long political gridlock that has kept Congress from passing a second round of coronavirus relief. 

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