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Vivinavi Los Angeles
New Coronavirus Additional Economic Support Measures Voted on

Local news
#1
  • 頑張ろう日本人 in USA
  • mail
  • 2020/12/23 17:55

I am not certain yet, but I saw an article in the news that a new corona additional support was voted on, so I thought I would just share what I understood. Please understand that I may be wrong. Also, please note that although it has been voted on, it has not been signed by President Trump yet and the details are subject to change

・ Additional Stimulus Check benefits （ per adult $ 600.00, down from the previous amount. 00. ）
・ Additional Unemployment Insurance Benefit （ This is also less than last time and is for a weekly benefit of $ 300.00. ）
・ Additional Paycheck Protection Program （ PPP ） （ Details below. ）
・ Other things like extended evictions and rent assistance for people who can't pay their rent are also being incorporated.

Additional Paycheck Protection Program （ PPP ） seems to be available for companies that could not apply for the first PPP or companies that received PPP the first time and exhausted it and need more PPP. The basic rules and repayment waiver rules seem to be the same as for the first PPP, but there may be some changes, such as an increase in the amount that can be applied for in the hospitality industry, such as the hotel industry. Also, it seems that the second application is limited to companies with less than 300 employees and sales that have decreased by 25% or more from the previous year.

In addition, the original rule for companies that received an EIDL Grant of $10,000 and a PPP loan was that they had to repay the $10,000 in the PPP forgiveness process, but it appears that this rule will also change.

It was also mentioned that the expenses paid with PPP loans can now be included as expenses in the tax return.

The final rules will probably be decided at the beginning of January next year and the information will be available on the SBA website, but I don't think the first-come, first-served basis will change, so if you need a PPP loan, please prepare early. I am sure CPAs and attorneys will have more detailed information on the rest, so please check on your own for accurate information.

See ▼
https://www.nav.com/blog/new-ppp-loans-economic-aid-to-hard-hit-small-businesses-nonprofits-and-venues-act-776579/
https://www.nytimes.com/2020/12/21/business/stimulus-paycheck-protection-program.html

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#7
  • 昭和のおとっつぁん
  • 2020/12/23 (Wed) 22:02
  • Report

This is next year.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#8
  • 昭和のおとっつぁん
  • 2020/12/24 (Thu) 07:25
  • Report

7
No wonder.

If 2020 is only a week away, next year is a given.
You have to check the time before you post.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#11
  • 昭和のおとっつぁん
  • 2020/12/24 (Thu) 09:10
  • Report

↑
We have 365 days next year.
Would it be Christmas on December 25th?

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#17
  • クリスマスイブ
  • 2020/12/24 (Thu) 12:43
  • Report

Trump said that the 5,000+ page 900 BILLION Corona relief package submitted to Trump was almost entirely foreign flow, and that support for illegal immigrant families was $ 1800 for illegal immigrant families compared to $ 600 for Americans.
He said it needs to be reviewed and that there is not enough support for Americans $ 2000 per person and for small businesses and restaurants.

some content
$85.5 mil Cambodia
$134 mil Burma
$1.3 mil Egypt
$25 mil Pakistan
$505 mil Belize, Costa Rica, El Salvador, Guatemala,. Honduras, Nicaragua, Panama
$40 milion Kennedy Center in DC
$1 milion Smithsonian Institution (closed)
$154 milion National Gallery in DC

https://youtu.be/ABYC7ikFIuY

By the way, the news this morning was reporting that Trump didn't sign the benefits even though it was Christmas Eve and the Democrats are trying to submit them again.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#18

Republicans
are the ones opposing the benefit increase, and the package isn't the only one created by the Democrats.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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