Author Topic: $3 trillion coronavirus relief plan!!!  (Read 8894 times)

Offline CountValentine

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Offline yesitsme

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Offline CountValentine

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Re: $3 trillion coronavirus relief plan!!!
« Reply #2 on: May 12, 2020, 04:08:29 PM »
Speaker Nancy Pelosi and House Democrats are planning to move ahead with a Friday vote on a $3 trillion package to respond to the coronavirus crisis, despite protests from progressives that the bill doesn’t go far enough.
President Donald Trump and Senate Republicans also object to the Democratic proposal, saying there hasn’t been enough time since the $2 trillion CARES Act passed to determine whether new legislation is needed or necessary.
Yet Pelosi and top House Democrats will proceed despite political attacks from the left and right, arguing that a 14.7 percent unemployment rate — which is sure to rise over coming months — justifies the need for Congress to “think big” in its response to the pandemic.
"We must think big for the people now because if we don’t it will cost more in lives and livelihood later," Pelosi said in a speech announcing the bill on the speaker's balcony Tuesday afternoon.
"Not acting is the most expensive course," Pelosi added. "We are presenting a plan to do what is necessary to deal with the corona crisis and make sure we can get the country back to work and school safely."
Still, Reps. Pramila Jayapal (D-Wash.) and Mark Pocan (D-Wis.), leaders of the Congressional Progressive Caucus, have objected that one of their chief priorities — federal funding to cover payrolls for businesses — wasn’t included in the House measure.
Jayapal pushed hard for inclusion of the “Paycheck Guarantee” program in the new bill, but Ways and Means Committee Chairman Richard Neal (D-Mass.) turned it down, saying the proposal is too costly and complicated. The Jayapal plan — which is backed by more than 60 House Democrats — has a price tag of more than $600 billion for six months. Neal instead supported an extension of the “Employee Retention Tax Credit” backed by Democratic moderates, which still costs more than $200 billion.
Jayapal’s complaints, which she raised directly to Pelosi on a caucus call on Tuesday, reflect broader concerns among Democrats, some of whom feel Pelosi and her committee leaders have largely drafted the bill without rank-and-file input. Republicans and the White House also were not involved in drafting the measure.
But House Majority Leader Steny Hoyer (D-Md.) told reporters Tuesday that he and Pelosi “believe the Jayapal proposal has great merit to it" and said it could be considered in future relief bills.
"This is not going to be the last word nor the final word as we go forward. And her proposal is certainly under great discussion,” Hoyer said. "We want all members to support this legislation with that provision in or out.”
Progressives privately acknowledge they are in a difficult spot to push Democratic leaders in any direction. Even the most liberal Democrats say they’re unlikely to stage an uprising against this bill because they can’t vote against vital aid for their districts, depriving themselves of key leverage that might otherwise help get their priorities into the bill.
Democrats released their sprawling package, known as the Heroes Act, on Tuesday afternoon. The roughly 1,800-page legislation includes $875 billion for cash for state and local governments, what Democratic leaders say is the centerpiece of the fifth coronavirus relief package. It also includes $20 billion each for tribal nations and for U.S. territories.
Democrats also included $75 billion to ramp up coronavirus testing and contact tracing — an effort that both parties say will be crucial to reopening state economies.
"We can all agree that we must open our economy as quickly as we can but we must do so based on science and data," Pelosi said Thursday. "The key to opening the door is testing, tracing, treatment and social distancing."
The legislation also includes a slew of liberal priorities left out of previous bills, including $75 billion for mortgage relief and $100 billion in assistance for renters, $25 billion for the U.S. Postal Service and $3.6 billion to shore up elections.
The bill goes further than previous bills in other ways, too: It would include another round of $1,200 checks for adults making up to $75,000. Under this bill, kids would receive the same amount, instead of $500. It would make $10 billion available to small businesses that haven’t received funds from the Paycheck Protection Program.
It also includes policy changes sought long before the pandemic, such as restoring the ability to deduct state and local taxes, which had been capped in the GOP tax bill in 2017. Another provision would allow cannabis businesses expanded access to bank accounts and loans.
The package also includes a bipartisan bill related to the collection of hate crimes data.
Before the measure was released, Pelosi had cautioned members on a Tuesday call that some would be “disappointed” by what was left out of the bill. Pelosi said she and her committee chairs had initially assembled $4 trillion worth of policy proposals, but were forced to winnow it down during final drafting.
"Everything is big, and we can't do everything in this bill,” Pelosi said, according to people on the call. Democrats have signaled that more legislation would follow, such as a recovery package with major infrastructure investments.
The Democratic bill represents a dramatic escalation of the party’s efforts to deal with the economic fallout from the pandemic. The shutdown of the U.S. economy has spurred unemployment levels not seen since the Great Depression, and Democrats, like Trump and Republicans, are struggling to respond.
Republicans dismissed the bill even before the text was public, calling it a Democratic wishlist that would go nowhere in the GOP-controlled Senate. It’s unlikely Congress passes another relief package before June due to Republican resistance, despite Pelosi’s efforts to get her bill to the House floor by the end of this week.
"I don't think there’s any sense of urgency until we see how some of these programs that are already authorized and funded are working, and it seems like, at least right now, they’re working pretty well," Sen. John Thune, the No. 2 Senate GOP leader, told reporters Tuesday in the Capitol.
“Before we borrow the next $3 trillion, let’s see how this works,” Thune (R-S.D.) said.
Still, Pelosi and her deputies hope it will pressure Senate GOP leaders into negotiations on a next package, even as McConnell has said Congress should hit “pause” until lawmakers can determine the success of its previous bills.
Democrats acknowledge that their behemoth proposal, whose summary alone is 90 pages, is more of a talking point than legislation that they expect to become law.
Rep. Stephanie Murphy (D-Fla.), a moderate leader in the caucus, acknowledged on Tuesday some parts of the Democrats’ package wouldn’t become law, but said some provisions — like an employee tax retention credit — have bipartisan support.
“I think the larger bill is a negotiating start-point,” Murphy said.
The coronavirus relief aid isn’t the House’s only legislative work this week. Pelosi and other top Democrats will also push through a House rules change that will allow proxy voting and remote hearings.
There had been bipartisan talks between Hoyer and Minority Leader Kevin McCarthy (R-Calif.) on the issue, but the two sides haven’t been able to find a compromise. Democrats now say they will move ahead with a rules change anyway.
The House Rule Committee will meet Thursday to approve the plan, which will allow lawmakers to cast votes remotely for colleagues who can’t travel to Washington amid the outbreak. The full House would then take up the rules change — which would only be in effect during this current crisis — on Friday.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline yesitsme

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Re: $3 trillion coronavirus relief plan!!!
« Reply #3 on: May 12, 2020, 04:31:19 PM »
1 round only $1200
keep it
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Offline Afrages6

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Offline CountValentine

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Re: $3 trillion coronavirus relief plan!!!
« Reply #5 on: May 12, 2020, 04:36:26 PM »
Will never come close to passing
That isn't why they did it.  ;)
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Offline yesitsme

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Re: $3 trillion coronavirus relief plan!!!
« Reply #6 on: May 12, 2020, 04:38:27 PM »
to be honest we (me and the government) both borrowed irresponsible, either the government borrows more and gives it to me and I have a clean slate, and 340 million Americans will be scratching their heads or my lenders will be left scratching their head.

which one would you choose?
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Offline CountValentine

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Re: $3 trillion coronavirus relief plan!!!
« Reply #7 on: May 12, 2020, 04:42:16 PM »
to be honest we (me and the government) both borrowed irresponsible, either the government borrows more and gives it to me and I have a clean slate, and 340 million Americans will be scratching their heads or my lenders will be left scratching their head.

which one would you choose?
I don't borrow irresponsible. Not sure what you are asking.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline Afrages6

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Re: $3 trillion coronavirus relief plan!!!
« Reply #8 on: May 12, 2020, 04:42:34 PM »
That isn't why they did it.  ;)

Could backfire on them

Offline CountValentine

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Re: $3 trillion coronavirus relief plan!!!
« Reply #9 on: May 12, 2020, 04:45:12 PM »
Could backfire on them
Don't think so because they really want these things but knows it won't pass the senate.
Great position to be in. You don't want to be on the side of not helping Americans at this time.
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Offline Afrages6

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Re: $3 trillion coronavirus relief plan!!!
« Reply #10 on: May 12, 2020, 04:46:11 PM »
Don't think so because they really want these things but knows it won't pass the senate.
Great position to be in. You don't want to be on the side of not helping Americans at this time.

Hurts the small business owners

Offline CountValentine

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Re: $3 trillion coronavirus relief plan!!!
« Reply #11 on: May 12, 2020, 04:49:55 PM »
Hurts the small business owners
Hurts how? You mean no money for them after the massive PPP?
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline Afrages6

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Re: $3 trillion coronavirus relief plan!!!
« Reply #12 on: May 12, 2020, 04:56:30 PM »
Hurts how? You mean no money for them after the massive PPP?

PPP won't end up helping them if they can't spend 75 percent of the money within 8 weeks. PUA incentivizes workers to stay at home as long as possible and hurts small businesses when they try and reopen.

Offline yos9694

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Re: $3 trillion coronavirus relief plan!!!
« Reply #13 on: May 12, 2020, 05:00:41 PM »
Dems are using this to buy up votes is all and it's very smart of them. The R's can't claim the plan is fiscally irresponsible because they were very supportive of the TCAJ act. But it will never pass and Dems can say the R's don't care about individual's.

Offline CountValentine

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Re: $3 trillion coronavirus relief plan!!!
« Reply #14 on: May 12, 2020, 05:25:19 PM »
PUA incentivizes workers to stay at home as long as possible and hurts small businesses when they try and reopen.
Need a source for this because in my family then can't wait to get back to work.
« Last Edit: May 12, 2020, 05:39:50 PM by CountValentine »
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Offline etech0

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Re: $3 trillion coronavirus relief plan!!!
« Reply #15 on: May 12, 2020, 05:26:08 PM »
What are all these businesses going to do when the 8 weeks of PPP runs out? Will they afford to keep their employees past that?
Workflowy. You won't know what you're missing until you try it.

Offline CountValentine

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Re: $3 trillion coronavirus relief plan!!!
« Reply #16 on: May 12, 2020, 05:27:32 PM »
Dems are using this to buy up votes is all and it's very smart of them.
Don't agree. If they controlled the senate also this would pass. They actually want this but they know it is a win win for them.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline Ergel

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Re: $3 trillion coronavirus relief plan!!!
« Reply #17 on: May 12, 2020, 05:27:40 PM »
Need a source for this because in my family then can't to get back to work.
My dad had to promise his workers that they won't lose out from being rehired in order to fulfill PPP. Will come out of the business' pocket
Life isn't about checking the boxes. Nobody cares.

Offline Ergel

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Re: $3 trillion coronavirus relief plan!!!
« Reply #18 on: May 12, 2020, 05:27:56 PM »
What are all these businesses going to do when the 8 weeks of PPP runs out? Will they afford to keep their employees past that?
Of course not
Life isn't about checking the boxes. Nobody cares.

Offline Iz

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