Thread by @PolicyCapsule

#StimulusPackage is on everyone's mind
While the 5,593 page bedtime reading sounds appealing, here is a summary via #PolicyCapsule

1/

What is this?
👉Stimulus package passed by US Congress in December 2020
👉Part of a “colossal” spending bill unveiled by US congress
👉Total = more than $2 billion
👉Includes stimulus package ($900 Billion) + year-end spending bill ($1.4 trillion)

2/

Who is responsible for this #StimulusPackage ?
👉US Congress has passed this appropriations bill
👉Mr. Trump has yet to sign this bill into law

3/

How are the appropriations divided?
Stimulus checks
👉Federal jobless benefits
👉Paycheck Protection Program
👉A tax credit for employers offering paid sick leave and extends the Employee Retention Tax Credit

#PolicyCapsule #StimulusPackage
4/

How are the appropriations divided? (cont.)
👉Public Health Measures
👉 #COVID19 #CovidVaccine costs
👉ban on surprise medical bills
👉e-cigarette & vaping products age verification
👉Nutrition Programs

#PolicyCapsule #StimulusPackage
5/

How are the appropriations divided? (cont.)

👉Education: public K-12 schools, college loans
👉Child-care sector
👉Pell grants to incarcerated students
👉Grant for programs advocating “voluntarily refraining from non-marital sexual activity”

#PolicyCapsule #StimulusPackage
6/

How are the appropriations divided? (cont.)

👉Internet access
👉Housing assistance for rentals
👉Dept of HUD issued moratorium to protect homeowners against foreclosures

#PolicyCapsule #StimulusPackage
7/

Why are we talking about this?
👉COVID Relief is highest in US history
👉But, US %GDP spend is
dwarfed by other nations

#PolicyCapsule #StimulusPackage
8/

Why are we talking about this?
👉1.4 mil filed unemployment claims in 1 wk
👉small & med size businesses didn't receive adequate loans distribution before
👉Chronic stress ⬆️morbidity burden
👉Stress + #SDOH 🔄 mortality /morbidity

#PolicyCapsule #StimulusPackage
9/

What are the policy implications?
👉step in right direction
👉funding but temporary relief
👉unlikely to fulfill $$$ for crucial programs
👉has NOT been passed by Mr. Trump
👉#GovernmentShutdown on December 28 if Mr. Trump does not sign

#PolicyCapsule #StimulusPackage
10/

Reading:
👉politico.com/news/2020/12/2…
👉nytimes.com/2020/12/22/us/…
👉nytimes.com/2020/12/02/bus…
👉nimh.nih.gov/health/publica…
👉time.com/5923840/us-pan…
👉axios.com/the-record-bre…

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