Just like the last House proposal (which eventually became the CARES Act), the HEROES Act bill is hefty, weighing in at 1,815 pages. And the fix is just this easy: the reference to the child tax credit would be replaced by the term "qualifying dependent." Child Tax Credit (CTC). Employers would be allowed a payroll tax credit equal to the applicable percentage of the qualified pandemic-related employee benefit expenses. The HEROES Act would expand the eviction moratorium and foreclosure protections under the CARES Act to include all renters and homeowners.

Source: Forbes May 12, 2020 22:51 UTC