'This bill is very helpful, but it's just the first step,' SenGillibrand says about the $2 trillion stimulus bill to respond to the coronavirus pandemic. 'This is going to be a very long-term crisis. It's going to take months and months to get out of it.'
CNN reporters are reading through the draft legislation. Here's a running list of highlights:Direct payments to individualsUnder the plan as it was being negotiated, single Americans would receive $1,200, married couples would get $2,400 and parents would see $500 for each child under age 17.However, the payments would start to phase out for individuals with adjusted gross incomes of more than $75,000, and those making more than $99,000 would not qualify at all.
Airlines may also be required to operate routes they would otherwise like to cancel because of low ridership or profitability. Under the bill, the Transportation Department can require air carriers continue service on routes, particularly for the"needs of small and remote communities and the need to maintain well-functioning health care and pharmaceutical supply chains, including for medical devices and supplies.
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