Roland Martin
@rolandsmartin·1.9M subscribers·31.6K videos
Senate GOP Releases Massive Economic Stimulus Bill For COVID-19 Response. Will It Be Enough?
Posted
March 20, 2020
Views
30,744
Likes
852
Comments
154
Engagement
March 20, 2020
30,744
852
154
3.27%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
36:41Now PlayingProjections as to when the COVID-19 pandemic will subside continue to stretch further out into the future as more Americans get tested and more infections are reported.
Per the Washington Post, Senate Republicans released their massive economic stimulus bill for COVID-19 response on Thursday with opposition from some key Republicans who disliked one of the central elements of the plan — direct cash payments to many Americans.
The GOP legislation would provide checks of $1,200 per adult for many families, as well as $500 for every child in those families. Families filing jointly would receive up to $2,400 for the adults. The size of the checks would diminish for those earning more than $75,000 and phase out completely for those earning more than $99,000. The poorest families, those with no federal income tax liability, would see smaller benefits, though the minimum would be set at $600. []
The Washington Post also reported: "The small-business section offers loans to small businesses with under 500 employees. The $300 billion for the loans would be made available through lenders certified by the Small Business Administration, such as banks and credit unions, with the maximum loan capped at $10 million. The portion of the loan used by the small businesses to cover their payrolls could be forgiven if firms retain their employees through the end of June 30, 2020. Loans given to firms with tipped employees, such as bars and restaurants, could be forgiven if they are used to provide additional wages to their employees.
Will the GOP's plan be enough to ward off the economic catastrophe that is on the horizon as COVID-19 shutdowns cripple small businesses and cost more Americans their jobs?
🎩 Put some swagger in your wardrobe with Roland S. Martin Pocket Squares. Visit to order your shibori pocket squares today.
✊🏿 Get your #RolandMartinUnfilteredThe Year of Return tshirts TODAY
-
Watch the 3.19.20 edition of #RolandMartinUnfiltered
🛍 Shop with Roland Martin and #RMU. Visit our Amazon Affiliate link for great deals and to support #RolandMartinUnfiltered
-
Get a FREE trial to Amazon Prime on us
📘 Check out #RolandsBookClub and some of his favorite tech gear
✅ NOW AVAILABLE#RolandMartinUnfiltered Merch
✅ Subscribe to the #RolandMartin YouTube channel
✅ Join the #RolandMartinUnfiltered #BringTheFunk Fan Club to support factbased independent journalism
✅ Join the Roland Martin and #RolandMartinUnfiltered mailing list
The Roland S. Martin YouTube channel is a news reporting site covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended.gv--
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
