#StimulusPackage is on everyone's mind
While the 5,593 page bedtime reading sounds appealing, here is a summary via #PolicyCapsule

1/
What is this?
👉Stimulus package passed by US Congress in December 2020
👉Part of a “colossal” spending bill unveiled by US congress
👉Total = more than $2 billion
👉Includes stimulus package ($900 Billion) + year-end spending bill ($1.4 trillion)

2/
Who is responsible for this #StimulusPackage ?
👉US Congress has passed this appropriations bill
👉Mr. Trump has yet to sign this bill into law

3/
How are the appropriations divided?
Stimulus checks
👉Federal jobless benefits
👉Paycheck Protection Program
👉A tax credit for employers offering paid sick leave and extends the Employee Retention Tax Credit

#PolicyCapsule #StimulusPackage
4/
How are the appropriations divided? (cont.)
👉Public Health Measures
👉 #COVID19 #CovidVaccine costs
👉ban on surprise medical bills
👉e-cigarette & vaping products age verification
👉Nutrition Programs

#PolicyCapsule #StimulusPackage
5/
How are the appropriations divided? (cont.)

👉Education: public K-12 schools, college loans
👉Child-care sector
👉Pell grants to incarcerated students
👉Grant for programs advocating “voluntarily refraining from non-marital sexual activity”

#PolicyCapsule #StimulusPackage
6/
How are the appropriations divided? (cont.)

👉Internet access
👉Housing assistance for rentals
👉Dept of HUD issued moratorium to protect homeowners against foreclosures

#PolicyCapsule #StimulusPackage
7/
Why are we talking about this?
👉COVID Relief is highest in US history
👉But, US %GDP spend is
dwarfed by other nations

#PolicyCapsule #StimulusPackage
8/
Why are we talking about this?
👉1.4 mil filed unemployment claims in 1 wk
👉small & med size businesses didn't receive adequate loans distribution before
👉Chronic stress ⬆️morbidity burden
👉Stress + #SDOH 🔄 mortality /morbidity

#PolicyCapsule #StimulusPackage
9/
What are the policy implications?
👉step in right direction
👉funding but temporary relief
👉unlikely to fulfill $$$ for crucial programs
👉has NOT been passed by Mr. Trump
👉 #GovernmentShutdown on December 28 if Mr. Trump does not sign

#PolicyCapsule #StimulusPackage
10/
Reading:
👉 https://www.politico.com/news/2020/12/20/details-stimulus-package-omnibus-bill-449499
👉 https://www.nytimes.com/2020/12/22/us/politics/second-stimulus-whats-included.html
👉 https://www.nytimes.com/2020/12/02/business/paycheck-protection-program-coronavirus.html
👉 https://www.nimh.nih.gov/health/publications/stress/index.shtml
👉 https://time.com/5923840/us-pandemic-relief-bill-december
👉 https://www.axios.com/the-record-breaking-stimulus-66482b2f-3a43-43a5-83ce-31f167240d32.html

11/end
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