500 Billion Stimulus Package Breakdown

Of the r500 billion proposed economic stimulus r130 billion will come from a reprioritisation of the current budget with the rest of the funds to be raised from local sources including the uif.

500 billion stimulus package breakdown. In addition to the 500 billion package mcconnell said the senate will vote on tuesday on a stand alone ppp proposal. On sunday evening president donald trump signed a 908 billion stimulus bill that renews government benefits that were already starting to expire including 300 weekly unemployment checks. The republicans reduced stimulus relief package of 500 billion released earlier this month did not include direct payments.

Both democrats and republicans have. It would also need 60 votes to ultimately pass the senate. The largest economic stimulus measure in modern history would authorize direct payments to taxpayers and loans to small businesses and create a 500 billion corporate bailout fund.

Breakdown of r500 billion. New stimulus direct payments. The legislation would authorize a second round of economic impact payments following the checks americans received in the spring and summer at a cost of 166 billion households would receive 600 for each adult and 600 for each dependent instead of 1 200 and 500 respectively in the first round.

House vote on friday will provide 500 billion in loans and other assistance to big companies as well as besieged states and cities and 350 billion in aid to small. The bill now set for a u s. Marking of matric exam papers on track.