WASHINGTON – House Democrats released most of their coronavirus bill late on Monday, with a measure extending unemployment insurance benefits of $ 400 per week through August 29 and paying $ 1,400 per person to most households without exceeding the income thresholds. decrease from previous rounds.
Democrats have debated lowering those income levels, but the version heading for a Ways and Means Committee vote this week gives full amounts to individuals with incomes up to $ 75,000 and married couples with incomes up to $ 150,000. The legislation also extends the child tax credit, broadens childcare, and strengthens tax credits for health insurance.
It will be combined with pieces taken by other house committees, with the aim of making it to full Parliament later this month. Together, the measures form President Biden’s $ 1.9 trillion bailout plan, which Democrats are trying to push through Congress quickly.
“Our nation is struggling, the virus is still out of control, and the American people are counting on Congress to meet this moment with bold, immediate action,” said Representative Richard Neal (D., Mass.), The committee chair whose panel starts on Wednesday with the handling of the bill.
Other parts of the contingency plan will provide $ 130 billion in funding for elementary schools, $ 40 billion for colleges and universities, and $ 39 billion for childcare. Mr. Biden has also proposed offering funds for vaccine distribution, unemployment programs, and state and local governments, among other measures.