House Passes $3 Trillion Stimulus Package for Coronavirus Relief; Bill Now Moves to Senate

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On Friday, the House of Representatives passed a second coronavirus relief bill.

The HEROES Act, worth $3 trillion in aid, passed by a vote of 208 - 199.

There were 14 Democrats who went against their party and voted no. Rep. Pete King (NY) was the lone Republican to vote yes. 23 members did not vote.

It now moves to the Senate, where Senate Majority Leader Mitch McConnell has voiced opposition to it.

The more than 1,800-page package includes over $1 trillion in relief for state and local governments, around $200 billion in hazard pay for essential workers, called the “Heroes Fund,” and $75 billion for coronavirus testing and contact tracing.

It also includes a second round of direct payments of $1,200 per person, and up to $6,000 per household.

The second wave of payments would help Americans who have found themselves furloughed, or laid off, and who are unable to provide for their families, or to pay their bills.

Payments would begin to be reduced by five percent once the “taxpayer’s modified adjusted gross income” exceeds “$150,000 in the case of a joint return or a surviving spouse,” “$112,500 in the case of a head of household” and “$75,000 in any other case.”

Similar to the process for determining eligibility for stimulus checks in the CARES Act, which offered Americans $1,200, the federal government will determine eligibility through people’s 2019 tax returns. If they have not yet filed them, then the IRS will reference their 2018 tax returns.

The bill also allows for an extension of the $600 per week federal unemployment insurance benefit through January, which is currently set to expire in July.

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