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BTC STYLIST FORUM Coronavirus Live News Updates 3/19: U.S. Senate Formally Proposes Trillion Dollar COVID-19 Relief Package

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      Behindthechair.com

      The United States Senate Majority Leader Mitch McConnell formally announced legislation that can help ease the economic impact of the coronavirus outbreak. The proposed bill would allocate $1 trillion intended to help individuals and small businesses.

      Immediate checks to individuals includes:
      -up to $1,200 and $2,400 for couple beneath a certain income threshold of $75,000 and $150,00 respectively.

      The proposed bill also includes relief for small businesses including:
      -$300 billion to be used for small business loans.
      -These loans would be guaranteed by the Small Business Association.
      -The loans must be used to pay for salaries, mortgage payments, other debt obligations and payroll support including: paid sick, medical and family leave.

      For more information, visit: https://www.cnn.com/2020/03/19/politics/coronavirus-economic-stimulus-senate-republicans/index.html

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