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Topic

New Coronavirus Additional Economic Support Measures Voted on

Local news
#1
  • 頑張ろう日本人 in USA
  • mail
  • 2020/12/23 17:55

I am not certain yet, but I saw an article in the news that a new corona additional support was voted on, so I thought I would just share what I understood. Please understand that I may be wrong. Also, please note that although it has been voted on, it has not been signed by President Trump yet and the details are subject to change

・ Additional Stimulus Check benefits （ per adult $ 600.00, down from the previous amount. 00. ）
・ Additional Unemployment Insurance Benefit （ This is also less than last time and is for a weekly benefit of $ 300.00. ）
・ Additional Paycheck Protection Program （ PPP ） （ Details below. ）
・ Other things like extended evictions and rent assistance for people who can't pay their rent are also being incorporated.

Additional Paycheck Protection Program （ PPP ） seems to be available for companies that could not apply for the first PPP or companies that received PPP the first time and exhausted it and need more PPP. The basic rules and repayment waiver rules seem to be the same as for the first PPP, but there may be some changes, such as an increase in the amount that can be applied for in the hospitality industry, such as the hotel industry. Also, it seems that the second application is limited to companies with less than 300 employees and sales that have decreased by 25% or more from the previous year.

In addition, the original rule for companies that received an EIDL Grant of $10,000 and a PPP loan was that they had to repay the $10,000 in the PPP forgiveness process, but it appears that this rule will also change.

It was also mentioned that the expenses paid with PPP loans can now be included as expenses in the tax return.

The final rules will probably be decided at the beginning of January next year and the information will be available on the SBA website, but I don't think the first-come, first-served basis will change, so if you need a PPP loan, please prepare early. I am sure CPAs and attorneys will have more detailed information on the rest, so please check on your own for accurate information.

See ▼
https://www.nav.com/blog/new-ppp-loans-economic-aid-to-hard-hit-small-businesses-nonprofits-and-venues-act-776579/
https://www.nytimes.com/2020/12/21/business/stimulus-paycheck-protection-program.html

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#52

It passed in the Democrat-dominated House, but in the end, Republican Mitch McConnell opposed $ 2000.
It's only a matter of time before the Republicans lose the GA runoff.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#53
  • 昭和のおとっつぁん
  • 2020/12/29 (Tue) 13:38
  • Report

49
You're still at $ 600. $ You've jumped the gun, even though it's unlikely to reach 2000.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#54
  • ｗ
  • 2020/12/29 (Tue) 15:20
  • Report

It is still annoying.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#55
  • ニュートラル
  • 2020/12/29 (Tue) 18:34
  • Report

#47 non Mr.

I am a person who has a lot of doubts about the current Democratic Party and I hate Nancy Pelosi,
but it is true that the Republicans, especially Mitch Mcconnell, the majority leader in the Senate, have blocked every single thing regarding Stimulus Check.
It is true that the Republicans, especially Mitch Mcconnell, the Senate majority leader, have blocked every Stimulus Check. Information is not mixed on this point.
It seems that the reason Trump suddenly signed on this time and told them to raise it to $2000 is because he is mad at Mitch Mcconnell for betraying him or something.
This could cause a significant number of votes to go to the Democrats in the Georgia Senate runoff, and if two Democratic candidates win, the House and Senate will be controlled by the Democrats. This is not the fault of the Democrats, but of Trump's sudden and seemingly treacherous move.
Nancy Pelosi is probably laughing all the way to the bank at this unexpected helping hand from Trump.
She is so happy that she can get the House to pass the $2000 and Mitch Mcconnell to reject it in the Senate.
If not for this Trump betrayal, the Republican candidate would have had the advantage in Georgia, so if the Democratic candidate had won, that would have been a big deal because of the allegations of fraud, but Trump's unexpected move has given the Democrats a reason to win, and the Republican candidate is really surprised! I think.
It's a Republican president putting the Republicans in a tight spot.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#56
  • たしかに
  • 2020/12/29 (Tue) 19:25
  • Report

When will you give it to me ？?

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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