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Questions? Call The Member Resource Center at (877) 233-8880

The stimulus package provides $260 billion to expand unemployment insurance eligibility and increase payments by $600 per week; $1200 direct payments for individuals making less than $75,000 and $2400 for couples making less than $150,000; and $150 billion for hospitals and healthcare providers. It also includes $30.75 billion for schools, $25 billion for public transit, $3.5 billion to support childcare providers, and restrictions on executive compensation for corporations receiving assistance.

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114 views

Questions? Call The Member Resource Center at (877) 233-8880

The stimulus package provides $260 billion to expand unemployment insurance eligibility and increase payments by $600 per week; $1200 direct payments for individuals making less than $75,000 and $2400 for couples making less than $150,000; and $150 billion for hospitals and healthcare providers. It also includes $30.75 billion for schools, $25 billion for public transit, $3.5 billion to support childcare providers, and restrictions on executive compensation for corporations receiving assistance.

Uploaded by

SEIU Local 1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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HOW WILL THE NEW

STIMULUS PACKAGE AFFECT


YOU?
How Will the New Stimulus Package Affect Me?

On March 27, a COVID-19 stimulus package was signed into law. The new law includes
some important protections and support for working people during this crisis. While this
legislation is only a first step, there are a number of provisions that will help SEIU members
and other working people immediately, including:

Financial relief

The legislation includes a significant increase in unemployment insurance benefits


that will amount to full paycheck replacement for most working people who lost their
jobs during the crisis or cannot work due to the pandemic. The legislation provides $260
billion to expand eligibility to include workers not typically covered--such as gig workers,
increase payments by an additional $600 per week for all recipients, and extend payments
for an additional 13 weeks. Eligibility requirements vary state by state.

It provides for direct cash payments of $1200 for individuals who make less than $75,000
and $2400 for married couples who make less than $150,000 combined. Families will also
receive an additional $500 cash payment per child. You can use this helpful calculator for
direct cash payments from the Washington Post.

It increases food assistance by providing an additional $24.3 billion for child nutrition
programs and the Supplemental Nutrition Assistance Program (SNAP).

The legislation protects housing with $12 billion in housing assistance and protects
tenants from eviction.

Airports

• Significant protections for airport workers. The legislation includes $3 billion in


financial assistance to airline contractors which will preserve the jobs of 235,000
contracted airport workers, $25 billion to airlines and $4 billion to cargo carriers for
the continuation of payment of employee wages, salaries, and benefits. This agreement
contains layoff protection -- an air carrier or contractor must certify that they shall
refrain from conducting involuntary furloughs or reducing pay rates and benefits until
September 30, 2020.

Questions? Call the Member Resource Center at (877) 233-8880

CONNECT WITH LOCAL 1444 seiulocal1 seiulocal1 seiu.local1 seiu1.org


HOW WILL THE NEW
STIMULUS PACKAGE AFFECT
YOU?
Healthcare providers

• $150 billion for hospitals and other healthcare providers. The funds will address
immediate capacity needs including personal protective equipment, a significant
investment in pharmaceutical research and development for vaccines and therapies,
and expanded access to treatment through changes in the law regarding providers and
insurers and Medicare and Medicaid.

School employees

• $30.75 billion in emergency support to local school systems and higher education.
Additional funding will allow institutions to continue to provide educational services to
their students and support the on-going functionality of school districts and institutions.
These funds can be used in a variety of ways, including funding distance learning while
schools are closed, as well as cleaning and sanitizing school buildings.

Child Care

• Assistance for child care providers and frontline workers who need child care. Child
Care workers will benefit from the $3.5 billion increase for the Child Care and Development
Block Grant (CCDBG) program including provisions allowing for continued payments to
providers and their staff during closures or enrollment declines. States are also authorized
to use funds to provide child care assistance to healthcare workers and other essential
workers. The legislation also provides $750 million for Head Start.

Public transportation

• $25 billion in aid to our nation’s transit systems. Funds will help protect public health
and safety while ensuring access to jobs, medical treatment, food, and other essential
services.

Accountability to Ensure Corporations Receiving Assistance Invest in Working People

• Restrictions on any increases to executive compensation, dividend payments to


stockholders and on harmful financial practices used by executives to boost the price of
their companies’ stock .
• Protect collective bargaining agreements.
• Prohibition on businesses controlled by the President, Vice President, Members of
Congress, and heads of Executive Departments getting loans or investments from
Treasury programs.
• Requires mid-size businesses with 500 to 10,000 employees that apply for certain direct
loans are required, “to make a good-faith certification that the recipient will remain neutral
in any union organizing effort for the term of the loan.

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