Скачать или смотреть STIMULUS Update! House PASSES The American Rescue Plan! |$15 Federal Minimum Wage Increase Update.

In this video we are going to discuss all things stimulus including the most recent update which is that the Houses passes American Rescue plan. We will cover the latest stimulus update and also discuss what is going on with the $15 federal minimum wage increase update.

The bill includes $1,400 direct payments, expanded federal unemployment benefits of $400 per week through the end of August, a major expansion of the child tax credit, $350 billion for state and local governments, $50 billion for coronavirus testing and tracing and $130 billion for K-12 schools.

There are also billions of dollars for vaccine distribution, small business relief, rental assistance, nutrition assistance and more.

Biden and his advisors have consistently defended the steep price tag, arguing that big spending is necessary to ensure a robust and lasting economic recovery.

Democrats are using a special process called budget reconciliation to advance the bill with only a simple majority of votes, meaning they’ll only need 51 votes in the Senate rather than the usual 60 required to overcome a filibuster.

Under reconciliation rules, the Senate must also assemble its own version of the bill. There will undoubtedly be differences between the House and Senate versions, and those differences must be reconciled before both chambers vote again on the final legislation and send it to President Biden’s desk. Democratic leaders have expressed confidence that the rescue bill will be finalized in time for Biden to sign it before the current tranche of enhanced federal unemployment funding expires on March 14, when more than 11 million workers will lose their benefits.

The bill approved by the House Saturday morning also includes a provision to raise the federal minimum wage to $15 per hour over the next five years, but it’s not yet clear whether that provision will remain in the final package. The Senate parliamentarian, who advises that chamber on rules and procedures, determined this week that the wage hike cannot be included under reconciliation rules, which require all aspects of the legislation to have a direct impact on the federal budget.

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