Send Americans $ 1,200 Checks and Increase Small Business Lending in New $ 1.5 trillion Stimulus Bill


A few dozen centrist lawmakers unhappy with the collapse COVID-19[female[feminine stimulus talks and the lack of relief for Americans will attempt to push Democratic and Republican leaders and the Trump administration back to the negotiating table with a new $ 1.5 trillion package.

One of the most popular and bipartisan arrangements from previous packages, direct checks of at least $ 1,200 to U.S. taxpayers, is included in the new 50-member House Problem Solvers Caucus plan, The New York Times reported Tuesday.

To learn more about previous proposals, including dunning checks, read here.

Problem Solvers’ offer comes a week after the latest $ 500 billion GOP plan was blocked by Senate Democrats, which called the package insufficient following an unprecedented health and economic crisis. It also follows a series of stalled talks and false starts since the spring, as Democratic and Republican proposals have bounced between the House, Senate and White House.

Politics reported that problem solvers voted in favor of the bill this week. In addition to direct checks, their proposal would also strengthen the Paycheck Protection Program, the small business loan program established in the Coronavirus Aid, Relief and Economic Security Act (CARES), and provide $ 450 per week in insurance. additional unemployment for eight weeks, followed by replacing up to $ 600 per week in lost wages for an additional five weeks, according to the Times. The measure also includes $ 15 billion for the U.S. Postal Service and $ 400 million to help with the November election.

It will be an uphill battle to get the measure to the president Donald trump, especially because neither the administration nor the Republican-controlled Senate received more than $ 1,000 billion. At least 20 Senate Republicans, believing enough money had already spent on the pandemic, would not support a roughly $ 1,000 billion GOP proposal put forward by Senate Majority Leader Mitch McConnell in July, even if it were $ 2 trillion less than a Democratic package approved in the House in May.

Trump signed executive orders to provide temporary eviction and student loan relief, extended unemployment increases of $ 400 per week, and a payroll tax cut that lacked bipartisan support. But the Trump administration, Republicans and Democrats have always been separated by at least $ 1 trillion on a final stimulus deal.

One of the biggest sticking points for both sides has been state and local aid, with Democrats consistently calling for nearly $ 1 trillion in new funds for municipal governments whose budgets have been wiped out by the pandemic. . Republicans balked at new funding, saying they didn’t want to invest taxpayer dollars in poorly run governments, especially those led by Democrats.

But the Problem Solvers, led by Representatives Josh Gottheimer, a Democrat from New Jersey, and Tom Reed, a Republican from New York, have allocated $ 500 billion to state and local governments, the Times reported. Democratic leaders and the entire Massachusetts delegation wholeheartedly supported state and local government aid, which, as the Democrats proposed in May, would go to all states regardless of control party.

Representative Katherine Clark of Massachusetts, vice-chair of the Democratic caucus, said Democrats intended to “fight for the people and we will stay in Washington until we succeed.”

She said she hoped the Republicans in the problem-solver caucus “would be an inspiration to the Senate.”

“I am grateful that there are colleagues on both sides of the aisle ready to work for a solution,” Clark added of Problem Solvers. “It is not a blue state or a red state. It’s about how we react as a country.

Democratic caucus chairman Rep. Hakeem Jeffries of New York said the “overwhelming consensus” in his caucus “is that we stay until we have done something for the American people.”

Asked about Problem Solvers’ plan, Jeffries said “we’ll see what the proposition is.”

He noted that Gottheimer “agrees that we have to come to an agreement, but it has to be a strong and meaningful agreement.”

Treasury Secretary Steven Mnuchin said on Monday there is still a chance that legislators agree on a COVID-19[female[feminine stimulus deal after Senate Democrats blocked the latest republican proposal.

“The president and I want to have more support to help American companies affected by this,” he said. “I think there are many areas of this where there is an agreement between Democrats and Republicans. There are areas where we have differences in the amounts. But I will continue to work on this. I have told (to Speaker of the House Nancy Pelosi) that I am available at any time to negotiate.

Associated content:

Source link


Leave A Reply