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Winners and losers in the $2T coronavirus stimulus bill

Hospitals, unemployed individuals, and small businesses would all win with this coronavirus stimulus package. But who's losing out? 💰

At last, we have a deal.

Here are the winners and losers in the $2 trillion coronavirus stimulus bill.

Winner: Hospitals

Hospitals will receive $130 billion in aid — up from the Republican proposal of $75 billion. “There is much more money for our hospitals, for our nurses and physicians, for our nursing homes, for our community health centers to do the job they need to do,” Senator Chuck Shumer said on the Senate floor advocating for and supporting our most valuable assets in combating this virus.

Winner: Unemployed Americans

Republicans proposed zero expansion of unemployment benefits. This bill offers $600 per week in addition to state unemployment. Plus full salary for laid-off workers for 4 months. The bill also extends eligibility to the self-employed and gig economy workers for the first time in United States history. “We call it “Unemployment compensation on steroids.”, Sen. Chuck Schumer stated.

Loser: Trump-owned businesses

The stimulus bans the president’s various hotels and properties from taking federal aid.

Winner: Small businesses

Small businesses, so many of which have been forced to close or significantly decrease staff, will receive $367 billion in federal aid.

Loser: Corporate America

The bill will create an oversight board to ensure transparent loans to large corporations. However, Trump has suggested that he won’t be complying with this provision making it fairly clear where his priorities lie.

Winner: State and local governments

While the GOP proposed no aid to state governments, the Democrats managed to secure $150 billion. Sen. Chuck Schumer concluded, “$150 billion to go to states and localities who are so hard-pressed because of all the new expenses that COVID-19 puts upon them, and because they’re not getting the resources they usually get. Taxes are delayed until June.”

Winner: U.S. economic prospects?

At least we hope so.

Brut.

03/30/2020 11:48 PM

6 comments

  • Vickie S.
    04/03/2020 17:55

    tRumpy will take every penny possible they have 6 trillion set aside di this pigprez has $4 trillion nothing to be done nothing & no one will stop him & let's hope we make it to Nov

  • Jean-louis B.
    04/02/2020 03:46

    Anyone on wcb will not be able to apply for any assistance from the government because we aren't actually employed and ther for ther is no ei coverage and no wage loss so to the government wher aperently fine. I have 5 kids and make $1168 per month from wcb on a partial wage loss program dew to losing my ability to be a mechanic. Not 1 governmental program will except me for any further coverage because I am on wcb and wcb isn't giving us anything for extra coverage during covid 19 pendemic. I can't even get a loan because I'm not technically employed. I have $1800 In utility bills i owe on and $1400 a month in rent and over 2k a month in groceries for 7 people. No savings left credit cards maxed what's next no wcb because ther about to claim bankruptcy over reambersing companies premiums because of covid shut downs. Gotta love the continuisly failing government.

  • Steven S.
    03/31/2020 03:29

    why is there no talk about the other 4 trillion dollars to come? I think that is earmarked for the corporations,

  • Jerry P.
    03/31/2020 03:01

    P s did you idiots ever get hired by a poor man.

  • Braden P.
    03/31/2020 02:25

    Big buisness got 500 billion dollars and tax cut for the rich again. Losers?

  • Ranga P.
    03/31/2020 01:11

    Feeling warm and ...I will be the oversight.....

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