5th Update on NEW Stimulus Plan | $1200 Stimulus Check Package

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Here is an update on the next round of stimulus and the stimulus check negotiation for July 25, 2020 Saturday.

Republicans are discussing NO money for state and local governments and want to keep the package at $1 trillion dollars. They're also discussing a payroll tax deferral, money for schools, liability protections, PPP funding, targeted stimulus checks, and some extension for unemployment insurance. However, we may not see the text of this bill until the week of July 27th. We're also expecting the pandemic unemployment assistance payments (PUA) to be extended in some form, however they will likely miss the deadline of July 31st.

Phases we've Had:
Phase 1: Test Funding
Phase 2: Health and Hospitals Funding
Phase 3: CARES Act ($1,200 Stimulus Checks, PPP, EIDL)
Phase : More PPP, EIDL Money for Small Biz
Phase 4: Extra $1,200. Payroll Tax Cut. Targeted PPP funding. An extension of the pandemic unemployment assistance payments (PUA).
PLUS Infrastructure bill (separate from these phases).

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