How Bipartisan Stimulus, McConnell Plans Stack Up: Side by Side
Senate Majority Leader Mitch McConnell, a Republican from Kentucky, speaks during a television interview in the Russell Senate Office Building in Washington, D.C., U.S. (Photographer: Stefani Reynolds/Bloomberg)

How Bipartisan Stimulus, McConnell Plans Stack Up: Side by Side

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The bipartisan $908 billion stimulus proposal increasingly backed by both Democrats and Republicans as a basis for negotiations on a final 2020 Covid-19 relief package differs from a smaller-scale GOP plan in ways going beyond size.

A comparison of draft outlines of the two -- neither of which has been released in legislative form -- shows the bipartisan version has supplemental unemployment benefits above state unemployment insurance maximum levels as well as state and local aid. While Senate Majority Leader Mitch McConnell’s preferred plan leaves such items out, it does include tax breaks for restaurant meals, charitable giving and a proposal to develop critical mineral mining.

Both offer extended support for small businesses and funding for coronavirus vaccine distribution.

The following is a comparison of the two:

Bipartisan
Proposal
McConnell
Plan
Total$908 billionMore than $510 billion
State and local government aid$160 billionNone
Pandemic unemployment benefits$180 billion (4 months PUC, 3 months PUA)1 month PUA, PEUC only
Small business help$288 billion$332 billion
Broadband$10 billionNone
Individual stimulus checksNoneNone
Airlines$17 billionNone
Other transport$28 billionNone
Post Office$10 billion$10 billion
Liability relief6 month moratorium on cases to give states time to legislateFederal tort limits
Education$82 billion$105 billion
Vaccines$16 billion$31 billion
Child Care$10 billion$15 billion
Food and Farm$26 billion$20 billion farm aid
Hospital aid$35 billionNone
Community lenders aid$12 billionNone
Rental assistance$25 billionNone

With regard to unemployment benefits, the bipartisan plan would provide $300 per week in addition to state unemployment benefits for four months starting Dec. 1 under the Pandemic Unemployment Compensation (PUC) program. An extension of the Pandemic Emergency Unemployment Compensation (PEUC) for workers who have exhausted 13 weeks hasn’t been settled, but the Pandemic Unemployment Assistance (PUA) program is extended to April. 1. The McConnell plan does not have a supplemental PUC benefit but extends the PEUC and PUA programs for gig workers which expire Dec. 31 to Jan. 31.

©2020 Bloomberg L.P.

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