On Sunday (Dec. 27), the White House released a statement saying that President Trump (Trump) agreed to sign a new round of $2.3 trillion COVID-19 bailout and spending bills (Consolidated Appropriations Act, Omnibus and Covid), while Congress promised to address Section 230 Section 230, as well as focus on presidential election fraud.
President Trump signed into law H.R. 133, which provides consolidated appropriations for the fiscal year ending Sept. 30, 2021, for coronavirus (Covid) emergency response and relief, and for other purposes.
In a statement, the president said, “As president, I have told Congress that I want to significantly reduce wasteful spending and send more money to Americans – $2,000 per person and $600 per child.”
In his statement, the president said he would sign on to the Omnibus and Covidibus bill and sent a strong message to Congress about the need to remove wasteful programs. The White House sent back to Congress the red-lined version of the bill, along with a formal request to Congress to remove the programs, insisting that Congress needs to remove these funding spending items from the bill.
White House: House to vote on $2,000 bailout check
On Monday (Dec. 28), the House will vote to raise the payment to individuals from $600 to $2,000, a White House statement said. Thus, a family of four would receive $5,200.
“I (the president) am signing the bill to restore unemployment benefits, stop evictions (of tenants who can’t afford rent), provide rental assistance, increase funding for PPP, put our airline workers back to work, add more funding for vaccine distribution and more.” The statement reads.
Prior to the news of the bill signing, Trump tweeted Sunday evening in a message, “Good news about the Covid Relief Act. Need to follow the message!” He did not provide any explanation.
White House: Congress Promises to Focus on Election Fraud, Take Action on Section 230
The White House statement reads that Congress has pledged to review Section 230 (which unfairly benefits big technology companies to the detriment of the American people) and to end or substantially reform it.
“Similarly, the House and Senate have agreed to focus on the very serious voter fraud that occurred during the Nov. 3 presidential election.” He wrote.
The White House statement went on to say that “the Senate will begin the voting process to increase (bailout) checks to $2,000, repeal Section 230, and begin investigating voter fraud.”
The statement reads, “Big Tech (companies) must not get Section 230 protection! Voter fraud must be addressed!”
In the statement, Trump said, “There will be more money issued. I will never give up fighting for the American people!”
A brief overview of the new bill
The new bill includes the Paycheck Protection Program, which supports small businesses with $284 billion in forgivable loans; extends federal unemployment benefits of $300 per week through March 14, 2021, and provides a second $600 stimulus check for Americans earning less than $75,000 per year. This is in addition to billions for the airline industry, education, health care and vaccine distribution; $25 billion in rental assistance for American families and an extension of the deportation ban, which was set to expire at the end of this year, until Jan. 31, 2021.
The bill provides that U.S. adults with adjusted gross income up to $75,000 at the time of their 2019 tax return will receive a full check of $600. Heads of household with annual income up to $112,500 and couples with annual income up to $150,000 (or those whose spouse dies in 2020) would receive twice that amount. If they have dependent children, they will also receive $600 per child.
Those with incomes just above these levels will receive partial payments, dropping $5 per $100 of income benefit.
Benefit payments for higher earners would be gradually reduced to 5 percent of the amount by which adjusted gross income from tax returns exceeds the initial threshold amount, and would be eliminated entirely for individuals earning more than $87,000 and for couples earning more than $174,000.
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