House Democrats have just released their $2.2 trillion stimulus proposal to support the U.S. economic recovery. It sets house Speaker Nancy Pelosi up to talk to Treasury Secretary Steven Mnuchin on the deal. It would provide another new round of direct payments to Americans of $1,200 per taxpayer and bring back federal unemployment benefits of $600 a week through January 2021. President Trump has not yet come out in favor or against the proposal.
The Democrat’s proposal would give $436 billion to state and local governments, $225 billion for education—including $182 billion for K-12 schools and nearly $39 billion for postsecondary education—and $57 billion to support child care for families. The proposal includes a bailout for the airlines; though it is unclear how many billions it devotes to that industry.
The bill includes $75 billion for coronavirus testing, contact tracing and isolation measures, with attention to the disparities facing communities of color, free coronavirus treatment. The $2.2 trillion bill also includes $28 billion for procurement, distribution and education campaigns for a safe and effective vaccine.
The bill also includes tens of billions in additional support to assist renters and homeowners make monthly rent, mortgage and utility payments and other housing-related costs—preventing homelessness. It also includes a 15 percent increase to the maximum SNAP benefit and additional funding for nutrition programs that help families put food on the table, and targeted support for farmers and producers affected by the crisis.