The proposed Senate aid plan would cut direct funds to cities and counties
A new version of the Senate Democrats’ coronavirus relief plan would place further restrictions on some $ 350 billion in aid to states and communities while diverting $ 10 billion in money for cities and counties to “critical investment projects” such as broadband access.
The revised 633-page text, obtained by CQ Roll Call, makes a variety of other adjustments from a version circulating over the weekend and the $ 1.9 trillion bill passed by the House. One of the most significant changes, announced earlier Wednesday, would lower the income threshold at which direct payments would be completely cut, from $ 100,000 to $ 80,000 for individuals and from $ 200,000 to $ 160,000 for co-applicants. .
Other changes include taking $ 2.75 billion from overall K-12 education funding and channeling it to private schools that serve a “significant percentage” of low-income students. .
And graduates who get student loan forgiveness due to emergency orders during the pandemic would not have to pay taxes for the next five years on that loan forgiveness, which is typically treated as taxable income. .
On the healthcare front, the latest version would set aside $ 8.5 billion for rural healthcare providers, apparently offset by a one-year extension of customs user fees that were due to expire in 2029 – a gimmick budget often used to reduce paper costs. .