It would also expand paid family leave requirements in a bill President Donald Trump signed last week (PL 116-127) to all employers, not just those with 500 or fewer workers.
The package would create a form of "universal basic income," by distributing $2,000 per month per adult and $1,000 per child to individuals earning less than $115,000 and joint filers making up to $230,000 in 2020 for the duration of the coronavirus-related downturn.
The earlier Pelosi draft would significantly expand the one-time rebate checks that Senate Republicans proposed, offering $1,500 for individuals and $3,000 for joint filers, with $1,500 per child, capped at three children. That's up from $1,200, $2,400 and $500 in the Senate GOP bill.
The same income thresholds would apply — $75,000 for individuals and $150,000 for joint filer. But instead of receiving a reduced credit, higher earners could receive the full amount upfront in the Democratic version, while paying back the excess over three years.
In addition, the Democrats' bill would offer significant expansions of earned income tax credits for childless adults, and refundable child tax credits up to $2,000, with an extra $1,600 per child under age 6. That's similar but beefed up significantly from legislation (HR 3300) the House Ways and Means Committee approved last year.
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March 24, 2020 at 03:35AM
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Senators fight over last-minute adds to coronavirus aid bill - Roll Call
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