Where Does the Next Phase of COVID Relief Stand?
Lawmakers on Capitol Hill have been negotiating over a new package of economic and public health support to combat COVID-19. Already, Congress has already enacted $3.7 trillion of spending, tax cuts and deferrals, loans, and other fiscal aid, but some of this support is now expiring, particularly expanded unemployment benefits. Committee for a Responsible Federal Budget senior vice president Marc Goldwein discussed "Where Does the Next Phase of COVID Relief Stand?"
On this webinar, Marc reviewed the House Democrats' Health and Economic Recovery Omnibus Emergency Solutions (HEROES) and the Senate Republicans' Health, Economic Assistance, Liability Protection and Schools (HEALS) Acts. He explained the differences in the bills, how they would address expiring unemployment benefits, and their budgetary impact.