House Democrats plan to pass the $1.9 trillion coronavirus relief package
The cost of the proposed measures is estimated at $ 1 trillion, but Democrats have already called it not extensive enough
Republican Senators Unveil Nearly $ 1 Trillion Coronavirus Stimulus Draft that Includes New Direct Payments to Millions of Americans, Additional Small Business Aid, and Money to Reopen Schools.
Conservative lawmakers immediately criticized it as unreasonable and costly, while Democrats said it did not meet the country’s needs..
It is expected to kickstart serious talks with House Democrats, who passed their own health and economic recovery bill in May, which is projected to cost $ 3 trillion..
The current stimulus package is the fifth since the start of the pandemic in March.
“We have prepared a carefully calculated and focused project that will hit right on the three crises facing our country: it is about the return of children to schools, the return of workers to work and the victory of the health system in the fight against the virus,” said the leader of the Republican majority in the Senate Mitch McConnell, speaking in the House.
McConnell outlines the main provisions of the republican draft.
– Another payment to individuals in the amount of $ 1,200 ($ 2,400 for married couples);
– the second part of the small business rescue program, which provides for the allocation of more than $ 500 billion to companies with less than 500 employees (this time the GOP proposal is focused on seriously affected firms with less than 300 employees);
– the allocation of $ 100 billion for the full opening of schools and universities, which is a priority for President Donald Trump;
– $ 26 billion dedicated to the development of vaccines and therapies for COVID-19.
Republican package postponed amid disagreements between Republican lawmakers and the White House.
“Another trillion dollar release has met with significant resistance,” Republican Senator Ted Cruz told reporters on Capitol Hill. “The answer to these challenges will be more than simply raking money out of Washington. The answer to these challenges will be to get people back to work. “.
Democrats criticized the bill as not broad enough.
Senate Democratic Minority Leader Chuck Schumer called the Republican initiative “completely inadequate” because it does not provide enough money to safely open schools, does not protect financially distressed homeowners, mortgages, and tenants from eviction.
“How heartless it is,” said Sumer. – How cruel..
I will follow