House Democrats on Monday came out with a counteroffer on an economic stimulus package, which takes a markedly different approach to the struggling airline industry than Senate Republicans’ bill.
The House bill includes $40 billion in grants for airlines and contractors, as well as up to $21 billion in loans for airlines, whereas the Senate’s offer is all loans. As our Brianna Gurciullo writes, the grants, meant to help pay employees who otherwise might be furloughed or laid off, would be based on the payroll costs that airlines or contractors incurred in the second and third quarters of last year.
