McKinley Supports Long Overdue COVID Relief Plan
House Passes Year-End Package with Help for Struggling Families and Small Businesses
Washington, December 21, 2020
Tags: Economy and Jobs
WASHINGTON, D.C. — Congressman David B. McKinley, P.E. (R-W.Va.) released the following statement after voting in support of the COVID-19 relief package and 2021 government funding bill, which passed the U.S. House of Representatives tonight:
“This critical relief is long overdue. I’m pleased Congress is finally moving past partisan bickering and gamesmanship to provide much-needed targeted relief for struggling families, small businesses, schools, and hospitals.
Much like the CARES Act helped us get through the initial months, this will help the country through the difficult winter months until the vaccine is widely available.
However, it is frustrating it came to this late hour just days before Christmas. This relief should have been passed months ago. Instead, Speaker Pelosi refused to budge from her multi-trillion dollar wish list and gambled it was better to wait until after the election so the Democrats could use this as an issue in the campaign.
In the end, this package will help people who are desperate for it. I’m particularly pleased it includes direct payments for American families – even if the amount is lower than the bipartisan bill we proposed. The fact this individual assistance was included is in large part thanks to the pressure we, along with a bipartisan group of Senators and House members, were able to apply," said Rep. McKinley.
Earlier this month, McKinley introduced bipartisan legislation calling for immediate relief for families. The Coronavirus Assistance for American Families Act (H.R. 8893) would disburse Economic Impact Payments of $1,000 for both adults and children.
Highlights of the COVID relief package include:
Supporting our Working Families and Students
o Uses the same eligibility as the CARES Act: capped at $75,000 gross adjusted income per individual ($150,000 for married couples).
o Only people with a valid SSN qualify, ending payments to the deceased and undocumented.
Providing Relief to our Small Businesses
o Businesses under 300 employees and have had a 25% reduction in revenue are eligible for a second round.
o Increases the PPP loan amount for Restaurants and Hotels from 2.5x payroll to 3.5x, providing an extra month’s worth of payroll support.
Producing and Distributing a Cure
Expanding Rural Broadband to Underserved Americans
Providing Assistance and Flexibility to States
To read the bill click here.