Stimulus Relief Deal Put On Pause, As Republicans Pressure Democrats To A Vote
While Americans question whether or not they’ll have a job to go back to, the Senate has not agreed on the stimulus package which hopes to give up to $2 trillion dollars of relief for working Americans.
Republicans are urging swift action, while Democrats argue that Republicans are putting corporate dollars over the American workers in the legislation.
Senator Elizabeth Warren warns that the bill is not bipartisan, citing the proposed $500 billion fund for distressed companies, which she criticized for its lack of constraints.
“This is not a bipartisan proposal,” Warren said. “This is a Republican proposal.”
So what is each party proposing?
Democrats want to prioritize public health and the individual American worker
“For the families, we want to be sure from the standpoint of being tested if need be that there be no cost to the families,” House Speaker Nancy Pelosi said at a press conference Monday evening.
“If people don’t go for that — go for testing — if they can’t go to get tested and can’t go to get the treatment because they are afraid they can’t afford the bill, this will get worse,” Schumer added.
Based on media coverage and conversations from the Senate floor, Democrats are calling for:
Paid sick leave for those affected by the quarantine
Free virus testing
More unemployment benefits
Increased access to food assistance
Expand healthcare system and affordable treatment
Watch Sen. Chuck Schumer talk about putting workers first in stimulus relief
Trump and Republicans want to prioritize tax relief, corporation bailouts and small businesses.
Based on media coverage and conversations from the Senate floor, Trump and the Republicans are calling for:
Payroll tax cut: This could be beneficial for those lucky enough to still have a job, but what about those Americans who won’t receive a check every month?
Increased loans for small businesses: Small businesses account for over 60 percent of businesses in America. However, what’s still unclear is whether or not the money these businesses receive will be used to re-hire the laid-off employees.
Assistance for hourly workers
Airline, cruise, and hotel industry support: the details of this assistance has yet to be revealed.
Claudia Sahm, a former Federal Reserve economist who is now head of macroeconomic policy at the Washington Center for Equitable Growth, tweeted “businesses are great, but [there] won’t be anyone to buy their stuff in a global recession…help everyone.”
As of March 23, Senators will be on the floor to discuss the stimulus relief package.
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