Trump Drama Ends, New US Stimulus Officially Signed
President of the United States Donald Trump finally signed the state budget law (UU) worth US $ 2.3 trillion (Rp.32,848.6 trillion), which contained a large amount of US $ 900 billion in Covid-19 assistance, Sunday (27/12/2020) . This move will extend unemployment benefits to March 2021.
With the signing of this law, the US unemployed will receive US $ 300 per week until mid-March. Assistance will also be extended to eligible freelancers and performance workers to receive assistance.
The law also sends direct payments of US $ 600 to each family and adds US $ 600 for each child. Further assistance will also be provided to small businesses, the bulk of which comes from US $ 284 billion in Payroll Protection Program loans.
In addition, it is putting nearly US $ 30 billion into distributing the Covid-19 vaccine and ensuring Americans can get free injections. The move also directed more than US $ 20 billion to declare Covid-19 testing and contact tracing efforts.
Along with the extension of the eviction moratorium, the government also provided US $ 25 billion for rental assistance. Airline payroll assistance is also budgeted at US $ 45 billion in transportation assistance. The package also directs US $ 82 billion for K-12 and higher education.
"I ask the congress to amend this law and increase the aid from that very low US $ 600 to US $ 2,000, or US $ 4,000 for couples. I also ask the congress to remove useless expenditures from the state budget," he said. that time.
"Send to my table a proper law. If not, the next government must provide a stimulus and maybe I will be the government for me. We will finish it. Thank you."
The White House has signaled for weeks that Trump will sign any bill that Congress passes into law. His threat to oppose him shocked Capitol Hill and left Americans struggling to adjust their plans.
Many economists and lawmakers have called the US $ 900 billion coronavirus aid package inadequate. However, it will give some hope of assistance to those in need as Covid-19 still 'floods' the health care system and the economy.
Meanwhile, new US President Joe Biden's party, Democrat, said it would immediately push for another aid bill. The focus is on direct payments and state and local government assistance.
This will come after Biden takes office on January 20, 2021. Their ability to pass the bill will depend in part on the fate of Republicans in the Senate in the next two January 5 rounds in Georgia.
