The Senate coronavirus stimulus bill aims to offer relief to individuals, the health care system and businesses ravaged by the outbreak.
The Senate releases a roughly $2 trillion economic relief plan in response to the coronavirus pandemic, which it hopes to pass Wednesday night.
The bill, designed to offer relief to individuals, the health care system and even an entire corporate sector ravaged by the outbreak, would: Create a $500 billion pool of taxpayer money to make loans, loan guarantees or investments to or in businesses, states and municipalites damaged by the crisis Give $350 billion in loans for small businesses to cover salary, wages and benefits, worth 250% of an employer's monthly payroll, with a maximum loan of $10 million
Delay payroll tax for employers, requiring half of the deferred tax to be paid by the end of 2021 and the other half by the end of 2022
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