December 28, 2020
UPDATE: Dec. 28, 2020: President Donald Trump signed the original coronavirus relief bill Sunday night without his demanded revisions. In a statement, Trump also noted that the House and Senate would vote Monday on a separate bill that would increase the direct payment amount from $600 to $2,000 per adult.
Congress has reached an agreement on a coronavirus relief bill before the end of the year, Democratic House and Senate leaders said in a Dec. 20 statement.
The package provides a tax credit to support employers offering paid sick leave to employees, “based on the Families First framework,” per the statement. It also extends the IRS’ employee retention tax credit and includes more than $284 billion in Paycheck Protection Program loans for businesses.
Other provisions of the bill include a “strengthened” earned income tax credit and child tax credit, a new round of direct payments worth up to $600 per adult and child and enhanced unemployment insurance benefits, among others. Votes on the bill are scheduled for Monday, Politico reported.