On Monday, the Senate pushed through the HEALS Act which is expected to be signed into law on August 7th.
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What to Expect from the HEALS Act
Similar to the CARES Act, the HEALS Act may offer more to the average American than earlier in the year.
- $1,200 for individuals making less than $75k and phasing out at $99k
- $2,400 for families making less than $150k and phasing out at $198k
- $500 for dependents 19 and younger OR 24 and younger if they are a student
- The $600 weekly benefit (in addition to state benefits) expires on 07/31/2020
- Decreased amount to $200 per week (in addition to state benefits) through September and then 70% wage increase, up to $500, from October through December 31st.
- $70 billion to K-12 that open for in-person classes
- $29 billion for higher education
- $1 billion for Bureau of Indian Education
- $5 billion to be used by each state at their discretion
- $16 billion
This is only what has been proposed by the Senate on Monday and is expected to pass by August 7th. Talks from both sides of the aisle and President Trump have also mentioned that the package may even offer more than this current proposal.
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