On Tuesday, the U.S. Senate passed a $484 billion relief package funding small business loans, Wuhan coronavirus testing and hospital aid.
Passed by a voice vote, the measure designates $310 billion for the Paycheck Protection Program, $75 billion for hospitals, $60 billion for emergency disaster loans, and $25 billion for testing.
The legislation will be voted on by the House Thursday morning.
President Trump voiced his support for the relief package in a tweet on Tuesday, writing, “I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing.”
“After I sign this Bill,” he continued. “We will begin discussions on the next Legislative Initiative with fiscal relief….to State/Local Governments for lost revenues from COVID 19, much needed Infrastructure Investments for Bridges, Tunnels, Broadband, Tax Incentives for Restaurants, Entertainment, Sports, and Payroll Tax Cuts to increase Economic Growth.”
….to State/Local Governments for lost revenues from COVID 19, much needed Infrastructure Investments for Bridges, Tunnels, Broadband, Tax Incentives for Restaurants, Entertainment, Sports, and Payroll Tax Cuts to increase Economic Growth.
— Donald J. Trump (@realDonaldTrump) April 21, 2020
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