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The latest stimulus package passed by Congress is one of the longest bills to be pushed so quickly through the Senate and the House. The final bill was handed to lawmakers just hours before they voted on it.“This bill is too long, too complicated,” said Thea Lee, president of the Economic Policy Institute (EPI).EPI expects the 0-billion package will provide an instant jolt to our economy by extending unemployment benefits and enhancing them by 0 a week. It also includes a 0 stimulus check for millions of Americans and billion for housing and eviction protection.There are hundreds of billions of dollars for Paycheck Protection Program loans, intended for small businesses. However, those touted benefits only take up a couple of pages in the nearly 5,600-page bill."There are things in there that don’t belong in there,” said Lee.In fact, as more experts and government watchdog organizations start to sift through the stimulus bill, which was also tied to an ominous spending bill, the list of non-pandemic related funding and measures grows.“Some of it is things like horse-racing commissions [funding] and so on, but some of it shouldn’t be in there because it is helping either people or businesses that don’t need the help,” Lee explained.For example, there’s a tax break on alcohol, and Lee pointed out the alcohol industry is one that has actually thrived during the pandemic. Legislators also included a tax break for what has been dubbed the Three Martini Lunch.“It’s a deduction for business people who are having expensive lunches out. That has been extended in this bill,” said Lee. "That is not the best way, the most targeted way to help the restaurant industry.”For all of the non-pandemic-related measures squeezed into this latest deal, there is a surprise in what did not make it in.“The most important thing that is not in the stimulus bill is aid to state and local governments,” said Lee. "If they don’t get enough aid from the federal government, they will have to start laying off workers.”Another thing not in the stimulus bill was an extension on the student loan payment pause. Many student loan borrowers will have to start repaying loans in January and interest will begin accruing again.There is also, notably, no transparency requirement tied to small business PPP loans. Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding."The Department of Justice has actually indicted 57 people so far from stealing over 5 million from the PPP loan program,” said RJ Cross with U.S. PIRG.Also, lawsuits filed by several news organizations forced the Small Business Administration to reveal more names of companies that have received the forgivable loans. The result has shown that most of the PPP loans issued in the first round, more than 0 billion, went to larger than intended business. The smallest businesses, in which the loans were intended for, actually struggled to get the funding they needed.U.S. PIRG has fought for months to get transparency requirements tied to PPP loan money to prevent further fraud and corruption in the program, and the group was surprised that was not included in this latest stimulus package.“If folks are very clear on the fact that information about their loans, their application, and their businesses will be made public, it helps to deter a lot of fraudsters in the beginning,” Cross added. “Congress largely squandered that opportunity to strengthen those measures that would increase public trust in the PPP program.”Congress is expected to immediately begin working on yet another stimulus bill in January and could address some of the concerns with this latest bill."I hope that Congress can come back in 2021 and take up the elements that are missing from this bill,” said Lee. 3894
The gunman who killed 12 people at the Borderline Bar & Grill in Thousand Oaks, California, was a 28-year-old veteran of the US Marine Corps who had previous run-ins with the law, officials said.Here's what we know about Ian David Long so far: 255
The National Hurricane Center named its eighth tropical system of 2020 in the Atlantic basin on Thursday as Tropical Storm Hanna churns in the Gulf of Mexico.The storm, which had top winds of 40 MPH as of late Thursday, has its eyes set on the Texas coast. The National Hurricane Center issued tropical storm watches and warnings for the Texas coast. The warnings run along from Mouth of the Rio Grande to San Luis Pass, Texas.The National Hurricane Center said it expects the storm to continue to strengthen through landfall.Hanna is notable for being the earliest-forming H storm in the Atlantic. The peak of hurricane season is still seven weeks away.Meanwhile, Hawaii is preparing for a possible strike from Hurricane Douglas this weekend. The Category 3 storm is expected to gradually weaken before crossing the island chain on Sunday. 848
The number of school shootings continues to rise in 2018.According to non-profit organization Everytown?for Gun Safety, a total of 40 shootings have occurred on school campuses across the United States as of May 18. Friday's deadly?shooting at a high school in Texas marks the 41st school shooting.Take a look at the map for details on each of the shooting incidents so far this year. 428
The man accused of killing 17 people at Marjory Stoneman Douglas High School in Parkland, Florida earlier this year reportedly attacked a detention officer inside a Florida jail Wednesday morning.WTVJ-TV in Miami spoke to the Broward County Sheriff's office in Miami, who confirmed that Nikolas Cruz attacked an injured a detention officer at the Broward County Jail Wednesday morning. The condition of the injured officer is unknown.Cruz is the suspected shooter in the Feb. 14 shooting at Marjory Stoneman Douglas High School in Parkland, where 17 students and teachers were killed. Cruz was charged with 34 counts of premeditated murder and attempted murder in March and is currently awaiting trial.More on this as it develops. 779