SUPPORTING FAMILIES: This legislative package brings security to American families by providing them with economic assistance during this time of crisis.

• This legislation provides tax free payments—treated as a refundable tax credit—to Americans, giving families the immediate financial support they need.
  • Couples earning up to $150,000 will receive $2,400, plus an additional $500 for each child.
  • Individuals earning up to $75,000 will receive $1,200, plus an additional $500 for each child.
  • These payments will phase out for those earning over $75,000, $112,500 for head of household filers, and $150,000 for married couples filing joint tax returns.
• The legislation provides much needed assistance to Americans out of work.
  • The CARES Act allows States to temporarily increase unemployment benefits and receive Federal reimbursement for the additional amount.
  • Encourages States to waive the typical one week waiting period and provides an additional 13 weeks of benefits
  • Creates a new program to assist the self-employed and independent contractors who are unemployed due to the pandemic.
• The legislation provides relief for homeowners and renters, ensuring that Americans’ homes are not threatened by the coronavirus.
  • Enables payment forbearance for federally backed mortgages, requires a foreclosure and eviction moratorium for homeowners with such mortgages, and imposes an eviction moratorium for renters in federally supported housing.
• Suspends penalties for withdrawing up to $100,000 from retirement accounts.
• Allows a high-deductible health plan with a health savings account to cover telehealth services prior to a patient reaching the deductible.
• The legislation provides $3.5 billion in emergency funding to our child care providers to stay open, keep payroll, and prioritize the child care needs of healthcare, emergency, and sanitation workers all across our country.