View source for Next Stimulus Package: All The Benefits You Could Get In Addition To A Second Payment

id="article-body" class="row" section="article-body"><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>Extended unemployment payments and a second stimulus check are only part of the discussion over the HEALS Act and another stimulus package.<br><br>Angela Lang/CNET<br><br><br>Both Republican and Democratic lawmakers are rushing to strike a deal on the [/news/heals-vs-cares-vs-heroes-stimulus-packages-key-differences-between-republican-and-democratic-proposals/ next stimulus package] by [/news/if-congress-reaches-a-stimulus-package-deal-friday-this-is-what-happens-next/ Friday]. A [/news/when-could-your-new-stimulus-check-come-from-the-irs-lets-review-some-possible-dates/ second stimulus payment] of [/news/how-much-stimulus-check-money-would-you-receive-here-are-some-calculations/ up to $1,200] for those who meet the [/news/new-stimulus-check-qualifications-everything-we-know-about-the-requirements-today/ eligibility requirements] will be part of that agreement, but key decision-makers are [ divided along partisan lines] when it comes to recovering an [/news/coronavirus-recession-how-bad-it-could-get-and-what-it-means-for-you/ economy in deep recession].<br>Making a deal will require compromising on overarching issues such as [/news/extra-600-cares-act-unemployment-benefit-has-ended-what-this-means-for-you/ enhanced weekly unemployment benefits] and [/news/eviction-moratorium-in-august-the-current-update-on-rent-relief-and-landlord-laws/ eviction protections]. On Thursday, first-time unemployment claims surpassed 1 million requests for the 20th straight week. That's up from [ 214,000 new jobless claims a year ago this week], underscoring the toll the [/news/coronavirus-recession-how-bad-it-could-get-and-what-it-means-for-you/ coronavirus pandemic] has already taken.<br><br>The final stimulus rescue package is slated to be worth more than just a single check. Here's the entire range of financial aid that might be available through the end of 2020, and which parts of the current proposal are most likely to pass.<br><br><br><br><br>CNET Coronavirus Update <br><br><br><br><br>Keep track of the coronavirus pandemic.<br><br><br><br><br>	 	 	 	Second stimulus check: Designed to accelerate spending  <br>What it is: A [/news/stimulus-check-are-you-eligible-to-receive-the-next-1200-what-you-need-to-know/ payment sent to qualifying individuals] and families, based on annual income, age, number of dependents and other factors. The [/news/stimulus-check-income-limit-eligibility-amount-everything-you-should-know-about-the-first-irs-payment/ first stimulus checks] authorized under the [ CARES Act] have gone out to over 160 million Americans -- as a check, as a prepaid credit card or through direct deposit. But there are problems and after three months, [/news/time-to-report-now-follow-these-steps-to-tell-the-irs-stimulus-payment-never-arrived/ some are still waiting for their stimulus payment].    <br><br>How it could help you: The payment isn't taxable and you can use it however you want -- to pay for food, housing, clothing and  [https://sahabisu416.wixsite.com/mysite/post/a-yoga-guide-to-cleaning-your-insides sahabisu416.wixsite.com] so on. The idea is that spending the checks will help the economy recover faster.    <br><br>Why we think a second check will pass: The CARES Act authorized payments of up to $1,200 per eligible adult and so does the HEALS Act. The House of Representatives' [ Heroes Act], meanwhile, called for $1,200 stimulus checks, but for more people. The White House supports another round of checks, which makes this a likely part of the final bill.    <br><br>The HEALS Act proposes to give eligible Americans the same size stimulus check as those issued in March.<br><br>James Martin/CNET<br>	 	 	 	Additional unemployment benefits for people without jobs <br>What it is: An [/news/extra-600-cares-act-unemployment-benefit-ends-july-31-heres-what-to-know/ additional weekly check] for people who applied for unemployment for the first time or were already collecting unemployment. The program initially granted by [ the CARES Act] provided an extra $600 per week and officially [/news/the-first-round-of-coronavirus-benefits-is-over-what-happens-now/ expired on July 31], but lawmakers are looking into another unemployment boost now.    <br><br>How it could help you: An extra weekly payment on top  of the ordinary unemployment benefit gives individuals and families a  leg up. Cutting it off or reducing it could be devastating for unemployed workers and the economy.     <br><br>Why we think it could happen: Republicans support the extension, but at a reduced rate. Democrats support an extension of the current $600 rate and have balked at the Senate proposal, which would extend benefits based on 70% to 75% of lost wages, starting at $200 a week and over time increasing to $500 a week, with state assistance. The benefits expired without a short-term extension in place. <br><br>After a political stalemate during negotiations, the GOP negotiators have reportedly signaled a [ willingness to consider the $600 weekly allowance], The New York Times reported on Aug. 4.<br>  	 	 	 	Payroll Protection Program to encourage businesses to keep employees<br>What it is: Intended to help you retain your job, the [ Paycheck Protection Program] provides forgivable loans to small businesses as an incentive to keep employees on the payroll.     <br><br>How it could help you: The program is designed to fund employed workers who would otherwise have lost their jobs during the pandemic. The program got off to [ a rocky start], and it's not clear the PPP [ met the goals] Congress set for it.     <br><br>"Overall PPP hasn't preserved many paychecks," [ Joshua Gotbaum], a guest scholar of economic studies at the Brookings Institution, wrote in July. "A careful [ study] found that PPP-eligible small businesses laid people off just as quickly as other businesses," he said.    <br><br>Why we think it could get extended: The Republican proposal will target the hardest-hit small businesses, Sen. Susan Collins of Maine [ said during the rollout of the bill], including those with revenue losses of 50% or more over last year.    <br><br>A tax credit would help with your pay.<br><br>Angela Lang/CNET<br>	 	 	 	Employee retention tax credit could help pay their workers<br>        <br>What it is: Under the [ program], an employer can receive refundable tax credits for wages paid to an employee during the pandemic. The employer can then use the credits to subtract from -- [ and even receive a refund over] -- taxes they owe.    <br><br>How it could help you: Again, it's not a direct payment to you, but the program encourages businesses to keep workers on the payroll.    <br><br>Why we think it could happen: The HEALS Act includes further tax relief for businesses that hire and rehire workers and the Democratic-backed Heroes Act also builds on the tax credits that were part of the initial CARES Act. And there's additional [ bipartisan support] besides.    <br><br><br><br><br><br>Coronavirus updates<br><br><br>[/health/should-you-send-your-kids-back-to-school-during-the-coronavirus-pandemic/ Sending your kids back to school: What you should know]<br>[/how-to/mail-in-voting-versus-absentee-voting-whats-the-difference/ Mail-in voting vs. absentee voting]<br>[/health/these-are-the-most-risky-activities-during-the-coronavirus-pandemic/ How safe is it to fly? 10 activities that can spread the coronavirus, ranked]<br>[ ]<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>Now playing:<br>Watch this:<br><br>Stimulus standoff on Capitol Hill<br><br><br><br><br><br><br>1:21<br><br><br><br><br>	 	 	 	Return-to-work payment of as much as $450 per week    <br>What it is: A temporary weekly bonus for unemployed workers who secure a new job or are rehired, on top of their wages. As proposed by [ Sen. Rob Portman], a Republican from Ohio, the bonus would be $450 a week.    <br><br>How it could help you: [ Under Portman's plan], the weekly bonus would go to laid-off workers who return to work.    <br><br>Why we think it may not happen: The White House in May [ expressed interest in the bonus] and [ Portman continues to support the idea], but it's not part of the proposal Senate Majority Leader Mitch McConnell and the other Republican senators presented last week.    <br>  	 	 	 	Rental assistance to help stave off evictions<br>What it is: This plan would help renters pay rent and assist landlords with expenses with less rent money coming in, especially as the US faces a potential "[/news/covid-rent-relief-what-might-happen-after-july-25-if-you-cant-pay-rent/ tsunami of evictions]."    <br><br>How it could help you: The rental assistance program would temporarily help you pay rent if you qualify, put a hold on evictions for a year and help cover costs of rental property owners because of rental payment shortfalls. [/news/coronavirus-rent-relief-what-to-know-about-eviction-moratoriums-and-your-aug-1-due-date/ The earlier protections have lapsed].  <br><br>Why we think it could happen: House Democrats included an eviction moratorium in the Heroes Act. It wasn't part of the Senate proposal, but President Donald Trump on July 29 [ said eviction protections] would be part of the package. As with unemployment insurance, Congress is looking to extend this separately while it works on the final bill.<br><br>Payroll tax cuts may not make the cut in the next coronavirus relief bill.<br><br>Sarah Tew/CNET<br>	 	 	 	Payroll tax cut to give you more money in the bank this year<br>What it is: Trump has for months [ pushed the idea of including temporary payroll tax cuts] in the next stimulus package. The proposal could include [ cutting both the employer and employee share of payroll taxes].    <br><br>How it could help you: If you have a job, a payroll tax cut would let you keep more of your earnings each check. The plan would not help those who are unemployed and don't receive a paycheck. The [ 32 million people] who were claiming unemployment insurance as of July 18 would not benefit. "Workers would still be on the hook to pay those taxes next year," the [ New York Times] reported.<br><br>Why we don't think it'll happen: Neither the Heroes Act nor [ the current Senate plan] includes a payroll tax cut. The White House continues [ to push for the idea].<br><br>Until we know for sure what the finalized stimulus bill will bring, there are some resources to help you through the financial crisis, including [/news/coronavirus-hardship-loans-what-they-are-how-they-work-and-how-to-get-one/ coronavirus hardship loans] and [/news/coronavirus-unemployment-furlough-payments-applying-more/ unemployment insurance]; [/news/you-lost-your-job-because-of-coronavirus-these-resources-can-help/ what you can do if you've lost your job]; [/news/senate-expected-to-renew-eviction-moratorium-but-rent-is-still-due-aug-1/ what to know about evictions] and [/news/nearly-3-million-people-cant-pay-their-car-loans-heres-what-to-do-if-youre-one-of-them/ late car payments]; how to [/news/how-to-master-your-2020-budget/ take control of your budget]; and [/news/some-people-will-get-two-checks-from-the-irs-in-2020-find-out-if-youre-one-of-them/ if you could receive two refund checks from the IRS].    <br><br>Julie Snyder contributed to this story.<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>[#comments  Comments]<br><br><br><br><br><br><br><br><br><br><br><br><br>[/personal-finance/budgeting/ Budgeting]<br><br>[/topics/politics/ Politics]<br><br>[/personal-finance/ Personal Finance]<br><br><br><br><br>[  Notification on Notification off How to]