House passed President Joe Biden’s $ 1.9 trillion

The House passed President Joe Biden’s $ 1.9 trillion renewal package on Saturday morning, and passed legislation in the Senate to vote in the event of a major opposition.

House led by the Democratic Party

House led by the Democratic Party voted 219-to-212 to approve the American Rescue Plan. The package is now going to the Senate where it needs 51 votes to go through reconciliation.

because this law will reduce child poverty in the middle,” House Speaker Nancy Pelosi said on Friday evening before voting.

Support from the entire Democratic caucus in the Senate, as well as the vote of Deputy President Kamala Harris, is needed for Republican-backed legislation. But support from moderate Democrats like Sen. Joe Manchin (D-WV) and Sen. Kyrsten Sinema (D-AZ) – who oppose the $ 15 minimum wage offer – are up in the air.

provision of lower wages

The type of bill in the bill includes the provision of lower wages, but may be removed from the final version of the Senate voting after the Senate Parliament decides that the rate cannot be passed through a budget reconciliation process.

Apart from this provision, the law has a better chance of passing through Congress easily, according to Mark Harkins, a former congressman and co-worker at Georgetown’s Government Affairs Institute.

“I would be shocked if the kind of aid package exactly the same as this House does not clarify the Senate next week to ten days,” he told Yahoo Money.

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This spring, up to 11.4 million workers will lose their unemployment benefits, while all working Americans could see that the additional $ 300 in weekly benefits disappears if the incentive agreement and three unemployment plans expire, The Century Foundation found.

law includes the payment of renewals

What’s in a payment?

The law includes the payment of renewals, extensions for key unemployment programs that will expire in the spring, small business assistance, $ 350 billion for local and local governments, increase in low-income and middle-income household taxes, and $ 160 they will receive a renewal fee of $ 1,400 and $ 1,400 for any trustee. Some high earners who are eligible for renewal payments under the original Biden scheme are not eligible to pay under the latest proposal.

The weekly increase in unemployment benefits will be increased to $ 400 a week, from the current $ 300, and will be extended by the end of August. Currently, they are expected to expire on March 14. The Biden program will also expand its program to provide non-essential benefits to employees who do not qualify for regular benefits.

Child Tax Credit (CTC)

The program will also improve Child Tax Credit (CTC), make it repayable and cost up to $ 3,000 per child – or $ 3,600 for a child under the age of 6 – by 2021. The grant also allows American families to receive periodic payments for a single loan for the year beginning July. The eligibility requirements for the Earned Income Tax Credit (EITC) will also be expanded under the proposal.

The plan will also set up a provincial conference to prevent evictions and evictions until the end of September and will allocate billions of dollars to address food insecurity.

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