New Stimulus Package Expected Today -- $1,200 Second Stimulus Checks, Unemployment Benefits May Be Included

Source: Forbes - View Original Article
Published: Jul 24, 2020
Category:
Bias Rating:

61% Conservative


Bias Score Calculation:

This article includes the following sentiments, providing an average bias score of 61% Conservative:

  • 1 negative sentiment for Student Debt Cancellation


Policies:

Student Debt Cancellation

Sentiments

  •   Conservative
  •   Neutral
98% "Congress has until August 7 to reach a deal on the new stimulus when members leave for summer recess until September."
88% "Bestselling Author, The Lemonade Life."
80% "McConnell says he will introduce the stimulus package in multiple bills, rather than a single legislative proposal."
79% "Both parties in Congress understand that state and local governments have been adversely impacted by the Covid-19 pandemic."
69% "McConnell made liability protection his top issue for the new stimulus."
66% "Senate Republicans and the White House had rallied around Sen. Rob Portman (R-OH), who proposed a $450 a week cash return-to-work bonus."
60% "Here's what you need to know."
57% "Senate Republicans are expected to introduce their long-awaited, proposed stimulus package Thursday -- and here's what's likely inside."
50% "Republicans plan to propose $105 billion to open schools and $15 billion for child care centers, according to the Associated Press."
-52% "President Donald Trump said he would consider vetoing the stimulus package if it does not include a payroll tax cut, which he believes is a pro-growth strategy to stimulate the economy."
-64% "Previously, McConnell suggested that second stimulus checks may only be available to Americans who earn up to $40,000 a year."
-72% "However, Senate Republicans are not proposing any new state or local aid."
-74% "Since the Cares Act, there have been countless proposals about second stimulus checks, including keeping the same $1,200 one-time stimulus check to $2,000 a month second stimulus checks."
-80% "The first stimulus check under the Cares Act was up to $1,200 for each individual, $2,400 for married/joint filers and up to $500 for dependents."
-83% "It's unclear if legislators eventually would forgive the payroll tax before it's due, or if Americans would be required to pay it in the future."

We have listed the top 15 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

Extremely
Liberal

Very
Liberal

Moderate-left

Neutral

Moderate-right

Very
Conservative

Extremely
Conservative

100%

100%

Contributing sentiments towards policy:

98% : Both employees and employers can benefit, since employers contribute as well.
98% : The new stimulus legislation is expected to extend the Paycheck Protection Program (PPP), which is scheduled to expire on August 8.
98% : Congress has until August 7 to reach a deal on the new stimulus when members leave for summer recess until September.
96% : However, if Congress finalizes the new stimulus before August 7, it's possible that second stimulus checks could be sent as early as late August.
92% : Don't expect student loan forgiveness in the new stimulus.
88% : Bestselling Author, The Lemonade Life.
80% : McConnell says he will introduce the stimulus package in multiple bills, rather than a single legislative proposal.
79% : Both parties in Congress understand that state and local governments have been adversely impacted by the Covid-19 pandemic.
78% : According to the Associated Press, the $25 billion is equal to the $9 billion already authorized in a prior stimulus plus $16 billion of new spending.
75% : The funding will be available to schools that open for both in-person and remote instruction.
74% : The first stimulus check phased out above those income limits until $99,000 of adjusted gross income for individuals and $198,000 for married/joint filers.
74% : A payroll tax cut would reduce or eliminate Medicare and Social Security tax.
72% : If Congress does not finalize legislation in July or August, then the new stimulus could be delayed until after Labor Day.
71% : Congress may use a stop-gap measure while they finalize terms for unemployment benefits after July.
71% : Will there also be a return-to-work bonus?
69% : McConnell made liability protection his top issue for the new stimulus.
66% : So, Republicans settled on extending unemployment benefits without creating a disincentive to return to work.
66% : Senate Republicans and the White House had rallied around Sen. Rob Portman (R-OH), who proposed a $450 a week cash return-to-work bonus.
65% : Senate Republicans plan to propose $25 billion for Coronavirus testing and contract tracing.
65% : What is the timeline for the new stimulus?
64% : Many Republicans have believed that the $600 a week unemployment benefit creates a disincentive for recipients to return to work.
63% : Businesses, hospitals and schools would receive five-years of liability protection, retroactive to 2019.
61% : Without congressional intervention, unemployment benefits expire this weekend.
60% : Here's what you need to know.
57% : Senate Republicans are expected to introduce their long-awaited, proposed stimulus package Thursday -- and here's what's likely inside.
56% : They believe that authorization in prior stimuli is sufficient.
56% : The total amount could increase as Democrats demand higher funding for their legislative priorities, such as extending unemployment benefits and increasing aid to states and localities, among others.
54% : According to the Associated Press, Senate Majority Leader Mitch McConnell (R-KY) wants second stimulus checks of $1,200 included in this proposed stimulus package.
53% : This includes $70 billion for K-12 schools to reopen, $30 billion for colleges and universities and $5 billion for governors to spend at their discretion.
51% : The payroll tax cut may be structured as a payroll tax deferral (rather than an upfront tax cut).
51% : House Democrats passed a weakened student loan forgiveness plan in the Heroes Act that would provide $10,000 of student loan forgiveness only for borrowers who are "struggling financially."
50% : Republicans plan to propose $105 billion to open schools and $15 billion for child care centers, according to the Associated Press.
48% : President Donald Trump said he would consider vetoing the stimulus package if it does not include a payroll tax cut, which he believes is a pro-growth strategy to stimulate the economy.
47% : The Associated Press reports that Senate Republicans are leaning toward a proposal of $200 per week for unemployment benefits, rather than the $600 a week that Congress authorized under the Cares Act.
46% : However, McConnell and White House negotiators, Treasury Secretary Steven Mnuchin and Chief of Staff Mark Meadows, have not confirmed the amount of the second stimulus checks or the criteria to receive a second stimulus check.
45% : However, that $40,000 threshold likely won't be the in the proposed stimulus.
45% : Second stimulus checks may be less than $1,200 Second stimulus checks: your questions answered What Trump and Biden think about your student loans Trump wants at least $2 trillion for next stimulus Don't expect student loan forgiveness in next stimulus bill Navient settles lawsuit -- what it means for your student loans
44% : How much is the second stimulus check?
44% : They also argued that some recipients can earn more than unemployment benefits than from employment.
44% : However, Republicans could propose other financial incentives or tax breaks to businesses in lieu of a payroll tax cut.
44% : Liability protection is expected to be included in the Republican stimulus proposal.
42% : In contrast, Democrats are targeting approximately $1 trillion for state and local aid, and $430 billion to open schools.
41% : I write and speak about leadership and greatness.
39% : While the Heroes Act provides for an extension of these benefits, Senate Republicans (or Senate Democrats) have not made student loans a top issue of the next stimulus.
36% : If you earned less than $75,000 (individuals) or $150,000 (married/joint filers), you could receive $1,200 for the first stimulus check.
36% : Previously, McConnell suggested that second stimulus checks may only be available to Americans who earn up to $40,000 a year.
35% : House Democrats proposed $3 trillion for the Heroes Act (their proposed stimulus bill which hasn't passed the Senate) and is more than double McConnell's proposed legislation.
32% : Senate Republicans hold 53 seats in the U.S. Senate, and will need Democrats to secure a bipartisan stimulus package.
31% : Republicans propose to use the unspent $134 billion that was previously authorized to make PPP loans.
28% : However, Senate Republicans are not proposing any new state or local aid.
26% : Since the Cares Act, there have been countless proposals about second stimulus checks, including keeping the same $1,200 one-time stimulus check to $2,000 a month second stimulus checks.
24% : Unemployment benefits would be extended through December 31, 2020 in this stimulus proposal.
23% : Senate Republicans appear to be leaning toward direct payments to Americans rather than a payroll tax cut.
20% : The first stimulus check under the Cares Act was up to $1,200 for each individual, $2,400 for married/joint filers and up to $500 for dependents.
17% : It's unclear if legislators eventually would forgive the payroll tax before it's due, or if Americans would be required to pay it in the future.
16% : Without federal support, however, many Democrats argue that some states and localities will face dire financial circumstances, budget cuts and potential bankruptcy.
13% : A payroll tax deferral could mean the payroll tax could be owed at a later date, which would provide upfront savings.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

Share via
Copy link
Powered by Social Snap