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Larry Kudlow defends that coronavirus was ‘relatively limited’ and ‘Americans are not at risk’

Loans and guarantees to companies, state and local governments: $ 500 billion. Includes up to $ 50 billion for passenger airlines, 8 billion for freight carriers, $ 17 billion for “companies critical to maintaining national security.” Companies that accept loans are not allowed to repurchase outstanding shares; maintain their employment levels on 13 March 2020 “to the extent practicable”; and the bar has been raised for two years for executives who earn more than $ 425,000 annually. Businesses are not eligible for loans if top executives, congressmen or their families have 20% control.

Small companies: Includes $ 350 billion in loans for businesses with 500 employees or less, including nonprofits, self-employed people, and hotel and restaurant chains with no more than 500 employees per location. The government offers eight weeks of cash assistance through loans to cover wages, rents, and other expenses, much of which would be forgiven if the company kept employees employed. Also $ 17 billion to help small businesses repay existing loans; $ 10 billion for grants up to $ 10,000 for small businesses to pay operating costs.

Emergency unemployment insurance: $ 260 billion. Includes 13 weeks of additional coverage for people who have exhausted existing benefits. Also includes part-time, self-employed workers in the gig economy. Weekly payout of up to $ 600.

Healthcare: $ 150 billion. Includes $ 100 billion for grants to hospitals, public and non-profit health organizations, and Medicare and Medicaid suppliers.

Aid to state and local governments: $ 150 billion, with at least $ 1.5 billion for the smallest states.

Direct payments to people: One-time payments of $ 1,200 per adult, $ 2,400 per couple, $ 500 per child. The amounts are gradually being phased out for $ 75,000 for individuals, $ 150,000 per couple.

Tax benefits: Temporarily waives penalties for early withdrawals related to viruses and alleviates required minimum annual payouts from some retirement accounts; increases the deduction for charitable contributions. Employers who pay redundant workers may receive tax relief for some of those payments. Postpones corporate payroll tax payments until 2021 or 2022.

Ministry of Homeland Security: $ 45 billion for an emergency fund to reimburse the state and local authorities for medical, community and other security measures. Extends the federal deadline for obtaining driver’s licenses with enhanced security features, called REAL ID, from October 1, 2020 to September 30, 2021.

Education: $ 31 billion. Includes $ 13.5 billion for states to distribute among local schools and programs, $ 14 billion to help universities and colleges.

Coronavirus treatments: $ 27 billion for research and development of vaccines and treatments, storage of medical supplies.

Transport: Includes $ 25 billion for public transportation systems; $ 10 billion for public commercial airports serving 430,000 transit lanes; $ 1 billion for Amtrak.

Veterans: $ 20 billion, including $ 16 billion for the treatment of veterans at VA facilities; $ 3 billion for temporary and mobile facilities.

Food and agriculture: $ 15.5 billion for food stamps; $ 14 billion to support agricultural income and harvest prices; $ 9.5 billion for specific producers, including specialty crops, dairy and livestock; $ 8.8 billion infant nutrition. Money for food banks, farmers markets.

Defense: $ 10.5 billion for the Department of Defense, including $ 1.5 billion to nearly triple the 4,300 beds currently in military hospitals; $ 1.4 billion for states to deploy up to 20,000 National Guard members for six months; $ 1 billion under the Defense Production Act to help private industry drive manufacturing of medical equipment. Money cannot be used to build President Donald Trump’s proposed wall along the Mexican border.

Social programs: Includes $ 3.5 billion in childcare grants and early education programs; $ 1 billion in grants to help communities address local economic challenges; $ 900 million in heating and cooling for low-income families; $ 750 million for additional staff for Head Start programs.

Economic aid to communities: $ 5 billion in Community Development Block Grants to help state and local governments expand health facilities, childcare centers, food banks, and senior services; $ 4 billion in aid for the homeless; $ 3 billion for low-income renters; $ 1.5 billion to help communities rebuild local industries, including tourism, supply chains, business loans; $ 300 million for fishing.

Native American communities: $ 2 billion for health care, equipment schools and other needs.

Diplomacy: $ 1.1 billion, including $ 324 million to evacuate Americans and diplomats abroad; $ 350 million to help refugees; $ 258 million in international disaster relief; $ 88 million for the Peace Corps to evacuate its volunteers abroad.

Elections: $ 400 million to help states prepare for 2020 elections with steps such as extended postal voting, additional polling stations.

Arts: $ 150 million for federal grants to state and local arts and humanities programs; $ 75 million for Corporation for Public Broadcasting; $ 25 million for Washington, D.C., Kennedy Center for the Performing Arts.

Congress: $ 93 million, including $ 25 million for the House and $ 10 million for the smaller Senate for telework and other costs; $ 25 million for cleaning the Capitol and convention buildings.

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