NANCY PELOSI IS FORGING AHEAD WITH 4TH CORONAVIRUS RELIEF PACKAGE
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NANCY PELOSI IS FORGING AHEAD WITH 4TH CORONAVIRUS RELIEF PACKAGE
House Democrats, lead by Speaker Nancy Pelosi (D-CA) are “forging ahead” with plans for a fourth coronavirus relief package, even though Senate Majority Leader Mitch McConnell has said the Senate will not entertain any spending bills until they can be sure the multi-trillion handouts won’t topple the precarious American economy.
The CARES Act 4, as it’s being called, definitely seems as if it will run afoul of McConnell’s requirements.
Politico reports that Democrats have decided to “go it alone” on the package, drafting the measure without Republican input and without Republican consent, even though House Democrats have yet to officially return from April recess. Pelosi and House majority leader Rep. Steny Hoyer (D-MD) have called time on Democrats’ return, they say, over fears that the mostly elderly caucus would be at risk for contracting and spreading the coronavirus
While they’re working from home, though, key Democratic legislators are to compile “wish lists” and submit them to Pelosi who, Politico says, will compile them into a final document to be presented with Congress finally reconvenes. . .
And Pelosi doesn’t want small asks: “‘Think big,’ Pelosi instructed lawmakers on a Democratic caucus call.’”. . .
McConnell has already said he’d favor allowing states to declare bankruptcy before he’d allow taxpayer money, designed to help states and municipalities handle coronavirus-specific issues, to go to pay off unfunded pension liabilities and budget shortfalls.
Republicans, meanwhile, told Politico that any new relief package must include liability restrictions — something Democrats say they won’t support — and a payroll tax cut, which neither party wanted included in previous relief packages. The White House has been the main proponent of the payroll tax cut, which they say would help businesses, shut down by coronavirus lockdowns, make a quicker return to profitability.
(Excerpt from The Daily Wire. Article by Emily Zanotti.)
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