***Due to the Coronavirus-related orders issued by Mecklenburg County, GCAA office is open on a limited basis. Staff will be working in office Tuesday-Thursday until September 1 and are available by e-mail and phone. We also welcome visits from our members who have a scheduled appointment with one of our team members. Please check our website at www.greatercaa.org for timely updates and pertinent information. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

GOP Rolls Out $1 Trillion Coronavirus Relief Package

News ,

Senate Republicans unveiled a roughly $1 Trillion Coronavirus Relief Package.  Next step: negotiations with the Democrats.  Here are some of proposals the GOP package includes:

  • $16 billion in new funds for coronavirus testing, $105 billion for schools, and a five-year shield from coronavirus-related lawsuits unless an entity — such as a business, school, or government agency — engaged in “gross negligence” or “intentional misconduct.”
  • A second round of stimulus checks that would give a payment to those making up to $75,000 a year. That amount scales down until it hits an income ceiling of $99,000, where it phases out altogether.
  • A transition to unemployment benefits that would match roughly 70 percent of an individual's previous wages.
  • For small businesses, another round of loans under the Paycheck Protection Program but requires businesses to have lost at least 50 percent of their revenue to be eligible. The revised program also would limit participation to firms with no more than 300 employees, compared with the 500-employee cap from earlier this year.

To read the entire article, click here.