Daily Times

Economies are defined on Wikipedia as: “an area of the production, distribution and trade, as well as consumption of goods and services by different agents”. But in our changing world, Economies are much more than that. They can impact Politics and global trade. They can show market reliability. They can even go as far as defining Consumer Emotions. A nation is nothing without its Economy. Therefore, they are not to be underestimated. But after a recession, they don’t revive on their own.

Investors dealing in markets have to be really smart. They have to closely monitor Global Politics and finance. If Investors loose trust in Markets, they do it by their own judgment or by the judgment of Economic Analysts. Usually, Governments are seen referring Investors to these analysts to gain their trusts. It does work, but not for long since investors eventually understand that Governments are giving a sense of artificial assurance to them. We need to give investors as well as the American People

The payments have primarily gone to families in California, Texas, and New York. But the 2.2 trillion economic stimulus bill passed by Congress only covered basic bills and small groceries. We need money to bring Americans back on their feet. The one trillion stimulus package crafted by the GOP is simply not enough.

The Health, Economic Assistance, Liability Protection and Schools (HEALS) Act is a one trillion dollar package proposed by Senate Republicans.

It’s estimated that on average, Americans pay 900 dollars for basic utility bills. They pay about 200 dollars for grocery and with that, only taxpayers, have about 100 dollars left for other needs from the stimulus money. The non-tax payers have to spend with their preceding savings.

The $3 trillion in response to the COVID-19 pandemic, proposed by House Democrats ensures more money for these families.

It was extremely shocking to see congress leave for the weekend without a deal and left the American people in limbo.

The S.4135 is supposed to support small businesses and schools. Its aim is to recover from The Pandemic. A crisis which is not over and yet the GOP plan is trying to show the post-pandemic recovery.

The Heals Act proposes 1200 dollars for people earning up to 75,000 dollars and gives $2400 for couples earning up to 150,000 dollars. This however, is differing from the HEROES Act in the dependent category. For dependents, The Heals Act gives $500 but without an age cap. The HEROES Act gives 1200 dollars per dependent.

The HEALS act also reduces the unemployment benefits to $200 arguing that Americans wouldn’t want to go back to work with more than their original wages. But that is only an argument for normal circumstances. These are extraordinary circumstances. People want to work but cannot.

It allocates $25 billion for the hospital/provider fund which would cover losses and expenses to hospitals and health care workers. It also allocates $16 billion for COVID-19 testing. This is an opposing act to The Democrats proposal of 75 Billion Dollars.

In the case of Hazard Pay, The HEROES Act did propose a 13$ per hour pay with a “Heroes Fund”. Whereas the HEALS Act pays nothing for it.

Further, The GOP plan cuts student loan repayment options to two from nine whereas H.R.6800 proposes the extension of the pause to all federal student loans and even extends the CARES Act suspension on interest through September of next year.