Senate votes on coronavirius relief bill

President+DonalD+Trump+signs+the+coronavirus+relief+bill.

Photo courtesy of commons.wikimedia.org

President DonalD Trump signs the coronavirus relief bill.

Analei Berger, Around Creek Editor

Recently, the US Senate voted against the coronavirus relief bill. With small businesses struggling to stay afloat and the nonessential businesses shut down, they are in some trouble. The bill was originally voted down with 42 out of the 60 votes needed. It was voted on again Wednesday, March 25 by the Senate. Three GOP senators are in self-quarantine; Mitt Romney, Mike Lee and Rand Paul. Senator Paul, who is 57 years old, tested positive for the coronavirus on Sunday, March 22. Senators Lee and Romney were in quarantine after recently coming into contact with Paul. 

The bill did not pass because Democrats wanted to revise the bill and on March 25, the Senate voted to approve the relief bill, with The House officially passing on March 27. The two-point two trillion-dollar deal is designed to flood the stock market with money and to help struggling businesses and American families. The bill needed to be changed because it could make people not want to return to work. This could be one of the largest emergency relief bills in history with an eight-month payroll tax cut. If the bill is passed, it will give $1,200 to all of the adults in a household, with $500 for each child that is 16-years-old or younger. It would allow $500 billion for businesses, states and cities with $367 billion for small businesses. The bill would provide $130 billion for hospitals, along with four months worth of unemployment insurance. 

There all limits as to the amount of money someone could receive, the payment is based on the total income in the household and the number of people living in the house. People that are single and living alone who make a gross income of $75,000 or less will get the max amount of money. A couple that is married and has no children that earn less than $150,000 can get a total of $2,400. A taxpayer that files as head of the household and makes $112,500 or less per year will also get the full payment. Any person that makes more than the numbers above their payment will decrease until single people get below $99,000 and married couples that make more with zero children get below $198,000. Any other household with a married couple and two children that surpass an income that is $218,000 is no longer able to receive their government given check. Either way, someone who is claimed as a dependent will not receive a payment (even if they are considered an adult). Keep in mind that this is based on the 2018 taxes that are filed and everyone in the household needs a valid social security card, with an exception for military personnel. 

What was originally just an $850 billion bill, quickly rose to two-point two trillion-dollars. Since the coronavirus outbreak, the leading countries to have the most cases are China and Italy, but, on March 26, the United States surpassed both countries and now has the most cases. As of 8:33 pm on March 27, the number of cases in the US has reached over 103,000 cases, with close to 1,700 deaths. The hardest place that has been hit in the US has been New York City, New York. Alone, the city has over 26,600 cases. 

Solely in California, over one million people have filed for unemployment just in March. Although President Donald Trump has said that the economy will go back up by April 12, it will almost certainly last well into the second half of this year and some of 2021. In just two months, the Dow Jones Industrial Average has fallen 10,000 points, but regained 2,500 points on March 24 and 25, in the hopes of the recovery package. 

The Senate left Washington after they passed the bill and they do not expect to come together again before April 20. 

“We won’t come back unless there’s something to vote on,” Bobby Scott, Virginia Senator, said.