Emergency Coronavirus Relief Act of 2020

[ZeroCool]

Note: This table currently omits the planned 'Direct Payment' of $600 per person under $75,000 in annual income. This is due to the ongoing negotiations. This payment is expected to reduce the duration of the augmented unemployment benefits.​

Information has been obtained from ongoing negotions and are not final.​

List of Provisions in the Emergency Coronavirus Relief Act of 2020​

Provision	Ten-Year Cost
Aid to Small Businesses	$300 billion
Paycheck Protection Program (PPP) Second Draw	$268 billion
Economic Injury Disaster Loan Advances	$14 billion
Emergency Grants to Venues	$10 billion
Other Small Business Relief and Program Expenses	$9 billion
Deductibility of expenses paid for by PPP loans	^
Extended and Augment Unemployment Benefits (+$300/week) for 16 weeks	$180 billion
Education	$82 billion
K-12 Education Grants	$54 billion
Higher Education Grants	$20 billion
Governor's Emergency Education Relief Fund	$8 billion
Education Grants for Tribes and Territories	$0.5 billion
Health Care	$51 billion
Provider Relief Fund	$35 billion
Vaccine Development & Distribution	$6 billion
COVID Testing & Tracing	$7 billion
Transportation	$45 billion
Second Round Payroll Support Program for Airline Workers	$17 billion
Transit Infrastructure Grants	$15 billion
Grants to Transportation Service Providers Like Buses and Ferries	$8 billion
Airport Grants	$4 billion
Amtrak Funding	$0.6 billion
Other Spending	$88 billion
Nutrition and Agriculture Programs	$26 billion
Rental Assistance	$25 billion
U.S. Postal Service Loan Write-Off	$10 billion
Child Care Grants	$10 billion
Broadband Grants and Investment	$10 billion
Substance Abuse and Opioid Treatment Grants	$5 billion
CDFI/MDI Community Lender Support	$2 billion
Total	$748 billion
"Offsets" (reductions in previous budget authority)	-$560 billion
Net Total	$188 billion*

 

[Lone MacReady]

"Over half of small businesses in America have been systemically destroyed by our unconstitutional lockdowns of healthy people in preparation for the Levant Banker's "Great Reset". International monopolies have consolidated power and are buying up every asset that is left. Here's 500 billion dollars in near worthless Fiat currency we printed just yesterday. Oh look, Jeff Bazos owns over 50% of the country's wealth. Have a nice day citizen, wear your mask!" - U.S. Government

Reminder, the Founders killed British soldiers for far, far less than the tyranny we see today.

 

[Ruin]

Businesses have been shuttered for nine months. What the fuck is 600-1000 dollars going to do? And of course there's massive bailouts for megacorps in there.

Morons that thought Biden was going to make everything better are in for a very very rude awakening.

 

[The Last Stand]

Businesses have been shuttered for nine months. What the fuck is 600-1000 dollars going to do? And of course there's massive bailouts for megacorps in there.

Morons that thought Biden was going to make everything better are in for a very very rude awakening.

And yet numbers are still increasing.

Big businesses should put their money where their mouth is and give some relief to local businesses instead of corporate pandering.

You know the job market will be low supply, high demand at this point.

 

[Zbk3VmLfujjzjxBd43tL]

So what insanity lurks within these allotments of a few billion dollars? Like wasn't there requirements that businesses taking money hire more diversity officers and funding for diversity studies in the last one (or the one the Democrats wanted)? Plus can't forget that "small business" included national chain restaurants.

"Over half of small businesses in America have been systemically destroyed by our unconstitutional lockdowns of healthy people in preparation for the Levant Banker's "Great Reset". International monopolies have consolidated power and are buying up every asset that is left. Here's 500 billion dollars in near worthless Fiat currency we printed just yesterday. Oh look, Jeff Bazos owns over 50% of the country's wealth. Have a nice day citizen, wear your mask!" - U.S. Government

Reminder, the Founders killed British soldiers for far, far less than the tyranny we see today.

It's basically like when in medieval times the serfs were allowed to pick through the already harvested fields and find whatever they could. You aren't getting shit compared to what the big boys get. Guess a colossal rise in "economic inequality" doesn't matter to the Democrats as long as grandma surives.

And yet numbers are still increasing.

Big businesses should put their money where their mouth is and give some relief to local businesses instead of corporate pandering.

You know the job market will be low supply, high demand at this point.

Remember stagflation in the 70s? Well guess what, welcome to stagflation part 2!

 

[Not Really Here]

10 billion for childcare.
Like groups of kids together.

WHY ARE THEY TRYING TO LITERALLY MURDER PEOPLE WHO SHOULD BE AT HOME111!!111!!???

 

[Zero Day Defense]

Businesses have been shuttered for nine months. What the fuck is 600-1000 dollars going to do?

Bread and circuses was always the point.

Nobody could have actually thought that a one-time payment of even $1200 would be enough for anything, if someone didn't have a job and was relying on unemployment-- that's two mortgage payments for an average house, or one month's worth of rent.

 

[Blacklight]

How soon until I can start burning the money like post-WW1 Germans did? I'm getting a bit chilly in my apartment as it is.

 

[TV's Adam West]

But we getting 600 more neetbucks? Tendie time.

 

[AbyssStarer]

The greatest relief would be to end the lockdown full stop, anybody with a brain knows it.

 

[Aum]

Thanks for the 600 bucks normies I'm gonna buy a TempleOS hat

 

[Tanner Glass]

Businesses have been shuttered for nine months. What the fuck is 600-1000 dollars going to do? And of course there's massive bailouts for megacorps in there.

Morons that thought Biden was going to make everything better are in for a very very rude awakening.

I don't want to defend the bill but I think the idea is that if everyone (not just the businesses) get an extra $600-$1000 that they're more likely to spend it on said businesses (food, transportation, etc). The businesses would use that money to pay/justify employees who would then spend that money (and so on, and so on).

It's like a stimulus package (on paper).

It's also probably full of all kinds of nonsense and pork.

 

[A Pox]

Remember we could have bought a 75 inch flatscreen if y'all would've just voted for Trump. Instead we have to settle for a 55 inch like some poorfags.

 

[XYZpdq]

Remember we could have bought a 75 inch flatscreen if y'all would've just voted for Trump. Instead we have to settle for a 55 inch like some poorfags.

Dead people and computers can't appreciate a good tv

 

[Aqua Panda]

600 is pretty paltry. In an ideal world it should be, at minimum, 2000 monthly retroactive a few months. Most of the most desperate are now 5000+ behind.

I understand why the talks are so difficult. Deficit spending has gotten outta control since the 90's. It's coming back to bite in the ass. (The basic interest payments are becoming insane and inflation will shoot through the roof if the money printer keeps churning.)

The lockdowns have utterly decimated small businesses and state budgets. The "it's only 2 weeks to get ahead of the curve" morphed into months long repeating lockdowns.

The really scary shit is just how much more powerful oligopolies have become or have been created due to the pandemic. Breaking into certain markets now is basically impossible, even if you have insane amounts of capital. That's potentially going to be a dark future for anyone who wants to start their own business.

 

[L50LasPak]

Fuck it, just give me my check. I don't care about anything anymore.

 

[ZeroCool]

Senate Republicans and Democrats reportedly agreed to the specific langauge and details of the bill and a final vote is expected sometime late Sunday. That is...unless one of the Senate Republicans goes full autistic and blocks the vote.

 

[Just Some Other Guy]

Imagine sitting around waiting for the government to throw a few dollars at you for something they caused. All while they lose nothing lol.

What a shit show.

 

[FAQnews Correspondent]

Imagine sitting around waiting for the government to throw a few dollars at you for something they caused. All while they lose nothing lol.

What a shit show.

A few dollars that are becoming worth less and less.

 

[Ruin]

A few dollars that are becoming worth less and less.

Less? It's literally fucking nothing. Unless you have roommates or live in the rural south/midwest $600 isn't even enough to cover one month's rent/mortgage. This country has been locked down for nine months.

Here's a visual aid to help show how the government's response to Covid has been.