Congress has reached a deal on a nearly $900 billion COVID-19 relief package that includes individual checks, loans to small businesses and benefits to the unemployed.
The COVID-19 relief legislation includes stimulus checks for millions of Americans of up to $600 per person. The size of that benefit would be reduced for people who earned more than $75,000 in 2019 and disappear altogether for those who earned more than $99,000. The stimulus checks would provide $600 per adult and child, meaning a family of four would receive $2,400 up to a certain income.
Congress would also extend federal unemployment benefits of up to $300 per week, which could start as early as Dec. 27.
U.S. Travel Association President and CEO Roger Dow issued the following statement on the announced bipartisan agreement on a COVID relief package:
“Washington is delivering a huge holiday gift to U.S. businesses and workers after an incredibly challenging year.
“It’s been a difficult road to get another round of much-needed legislative relief moving in Washington. We applaud the bipartisan group of senators that drove progress forward, and the congressional leadership for striking a bipartisan agreement to produce this desperately needed assistance. The agreed-upon provisions will give many suffering businesses a bridge to 2021.
“More will be needed to restore the 4.5 million travel jobs lost in the travel and tourism industry, but the process that produced this agreement is hopefully a positive sign for what will be possible to achieve in the next Congress. We urge swift action on this important legislation.”
For more information on the U.S. Travel Association and its view on the COVID-19 relief package, click here. For a look at the $809 billion the virus is projected to cost the travel industry, click here.