Here's What's in the New Republican Coronavirus Relief Deal
It's been a long time coming, but on Monday, Senate Majority Leader Mitch McConnell unveiled the stimulus package Republican lawmakers have been working furiously to hammer out. Called the HEALS (Health, Economic, Assistance, Liability Protection, and Schools) Act, the bill includes a number of key provisions that could prove instrumental in getting Americans through the ongoing recession. Here are some of its highlights.
Like the CARES Act, the HEALS Act calls for direct stimulus payments in the amount of $1,200 per person. Single tax filers with an income of up to $75,000 and couples with a joint income of up to $150,000 are eligible for a full stimulus, but above these levels, those payments will start to phase out. The HEALS Act also provides an additional $500 per dependent.
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