Chris Cruger

While we don’t know the particulars of the stimulus package being voted on today, here is a brief summary of the information the Minority Leader Chuck Schumer sent to colleagues early Wednesday. Here’s what’s in the $2 trillion package: •      Direct payments of $1,200 to most individuals making up to $75,000, or $2,400 for couples making up to $150,000. The amount decreases for individuals with incomes above $75,000, and payments cut off for those above $99,000. •      Expanded unemployment benefits that boost the maximum benefit by $600 per week and provides laid-off workers their full pay for four months •      $367 billion in loans for small businesses •      $150 billion for state and local governments •      $130 billion for hospitals •      $500 billion in loans for larger industries, including airlines •      Creation of an oversight board and inspector general to […]