Monroe News: Walberg votes for coronavirus aid package
U.S. Congressman Tim Walberg, R-Tipton, on Friday voted for the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency relief package to help Americans impacted by the Coronavirus.
The CARES Act now heads to President Trump’s desk to become law. “These are incredibly trying times that have put people’s jobs, health, and livelihoods at risk. Swift action is needed to help communities in Michigan weather this crisis,” Walberg said. “The CARES Act is the third Coronavirus emergency relief bill and the most significant yet. It will provide direct cash payments to workers trying to make ends meet, assist small businesses struggling to stay afloat and keep people employed, and support hospitals and health care professionals in urgent need of medical equipment. As we work together to overcome the Coronavirus, more resources are on the way.”
The CARES Act includes a number of important provisions to help workers, small businesses, and health care professionals. Specifically, the bill:
‒ Provides direct financial assistance to families in need, including $1,200 for individuals making less than $75,000 and $2,400 for couples making less than $150,000. Families with children would be eligible for an additional $500 per child.
‒ Provides $100 billion in support for hospitals and health care providers, and provides flexibility for them to receive both prospective payments and reimbursement for costs associated with coronavirus, including lost revenues.
‒ Provides an additional $16 billion to procure personal protective equipment, ventilators, and other medical supplies for federal and state response efforts.
‒ Provides cash-flow assistance to small businesses through federally-guaranteed loans, with certain expenses eligible for forgiveness if employers maintain their payrolls through this emergency.
‒ Expands unemployment insurance to cover independent contractors and self- employed individuals and increases benefits for up to four months.
‒ Provides immediate assistance to child care providers to prevent them from going out of business and supports child care for families, including for healthcare workers, first responders, and others playing critical roles during this crisis.
Learn more about the CARES Act at walberg.house.gov/cares-act.
This article originally appeared in the March 28 edition of the Monroe News.