Problem Solvers Caucus COVID-19 Proposal

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Problem Solvers Caucus COVID-19 Proposal

There are eight major buckets of the proposal.

Testing & Health Care ($100 billion)
- $25 billion testing – 3 million tests a day
- $75 billion health care providers – relief released in CARES Act (health care provider community – forgives advanced Medicare reimbursement $45 million
Direct Assistant/Support for Individuals and Families ($316 billion)
- $280 billion stimulus
  - Adult dependents would be eligible
  - Same restrictions on income
- Plus up on WIC, SNAP
- Stabilize rental and mortgage market $25 billion
- Student loan forbearance through December 31st
UI assistance ($120 billion)
- 100% of income based on 2019 income – but we can go up to $600 for that support
- 8-week transition period – during that time the plus up will be $450 across the board
- 13 weeks going through Jan 2021
  - Another 13 weeks may get triggered
Small Businesses Support ($290 billion)
- PPP $240 billion to SBA
  - Simplified loan forgiveness
  - Full transparency
  - $11 billion carved out for CDFIs
  - $50 billion for EIDL
- $50 billion targeted ERTC
- Continued support for the Main Street Lending Program
Schools and Child Care ($145 billion)
- Use these dollars for all kinds of things
- $15 billion childcare (30% of annual child care sector revenue)
  - Block grants
  - Dollars for provider relief (child care centers who can return to full capacity)
- $100 billion K-12 lha
- $30 billion higher education
State and Local Aid ($500 billion)
- $130 hard past COVID-19 expenses
- $130 hard forward looking COVID-19 expenses
- $250 revenue shortfalls at local
- $130 – already exists CARES Act funds
Election Aid ($400 million)
- Poll workers, temporary staffers, polling location PPE, etc.
Miscellaneous
- $12 billion rural broadband hotspots, particularly under-served rural and urban areas
- $25 billion agriculture and aquaculture
- $15 billion USPS and reform of pre-funding requirement
- Move back timelines on census
- Liability protections- good-faith companies should not deal with frivolous lawsuits
  - Robust enforcement of worker safety

Automatic Booster and Reducers

$1.5 trillion to $2 trillion if needed
Down to $1.3 trillion if not
Fact based and evidenced based
Metrics to determine if booster or reducer trigger:
- Hospitalization numbers
- Availability of vaccine

Notes

No additional paid leave

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