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Bipartisan Group Releases New Pandemic Aid Plan

A bipartisan group of lawmakers called the Problem Solvers Caucus, made up of 25 House Democrats and 25 House Republicans, released a proposal for a new pandemic aid package that they hope can appease both Democrats and Republicans as time runs out for a new deal before the election.

"Having seen no progress on a new COVID-19 relief package in four months, and in recognition of Americans’ increasing suffering, the Problem Solvers Caucus (PSC) has developed a comprehensive, bipartisan framework to meet the nation’s needs for the next 6-12 months, that can pass both chambers of Congress and be signed into law by the President," said the caucus's overview. The Caucus co-chairs are Tom Reed, a New York Republican, and Josh Gottheimer, a New Jersey Democrat.

The $1.52 trillion package would include the following:

* $25 billion for testing and contact tracing;
* $30 billion for health care provider support including but not limited to telehealth expansion;
* $45 billion forgiveness of Medicare loans to providers (not to reduce Medicare Trust Fund);
* $1 billion for a 15 percent boost to WIC food aid;
* $10 billion for a 15 percent boost to SNAP aid;
* $280 billion for another round of $1,200 checks (plus $500 for children and dependent adults);
* $25 billion for rental assistance for the needy, plus other rent stabilizatiojn programs as well as an eviction moratorium through Jan. 1 2021;
* Student loan forbearance through Dec. 31, 2020;
* $120 billion for supplemental unemployment payments of between $450 to $600 from the middle of October to the beginning of next year;
* $240 billion (plus $145 billion in existing funding) for another round of PPP loans that would prioritize distressed businesses, with a simplified forgiveness mechanism;
* $95 billion for other grant programs;
* $60 billion for a Targeted Employee Retention Tax Credit;
* "rectify the Main Street Lending Program";
* $15 billion for child care providers;
* $100 billion for K-12 schools;
* $30 billion for colleges and universities;
* $500.3 billion for state and local government aid;
* $400 million for election security;
* $12 billion to expand broadband access in underserved communities;
* $25 billion for agricultural and aquaculture producers and processors;
* $15 billion for the USPS, and the elimination of the full pre-funding requirement;
* Modification of statutes to extend the census period;
* Enhanced legal liability protections for entities which follow enhanced OSHA guidelines
* "Robust enforcement of worker safety"
* Automatic "boosters" that would kick in based on pandemic metrics in the future, such $120 billion for automatic three-month unemployment insurance enhancement in February 2021 and  $280 billion for an automatic third round of stimulus checks in March 2021;
* Automatic "reducers" that would similarly kick in based on pandemic metrics in the future such as minus $60 billion in PPP funding, minus $130 billion in state and local funding and minus $10 billion for rental assistance.

The bipartisan bill received bipartisan scorn, according to Bloomberg. House Democrats called it insufficient and irresponsible, while House Republicans called it problematic both for its cost and the amount of state and local government aid it offers.