McConnell’s Refusal to Back Stimulus Slows the Proposal’s Release

Nearly 9 months ago a $2.2 trillion stimulus bill was passed to aid U.S. citizens during the economic hardships that had been caused, due to COVID-19. The Coronavirus Aid, Relief, and Economic Security Act, or better known as the CARES Act, was implemented under the Trump administration by way of an executive order to aid in the one-time payouts to individual Americans, increase unemployment benefits, provide forgivable small business loans and more until December 2020, but with no agreement between parties , some house reps are worried these benefits may expire before an agreement is reached.

House Speaker Nancy Pelosi and Senate Minority leader Chuck Schumer are using “all or nothing” tactics with Senate Majority Leader Mitch McConnell according to an article obtained by Bloomberg. In a more scaled down version of the bipartisan deal presented by McConnell, he wants the proposal’s price tag cut to $500 billion , which would include large corporations gaining immunity from COVID related lawsuits ,but it would not include state and local aid the Democrats hoped for.

House Speaker Nancy Pelosi (D-Cali) and Senate Minority Leader Chuck Schumer (D-NY)

House Speaker Pelosi and Minority Leader Schumer have said they’re willing to use the $908 billion as a starting point to negotiations which does include; state and local aid , help for individual Americans, and funding for a vaccine. In a floor speech Tuesday Schumer stated “Imagine holding emergency aid hostage, help for the unemployed, help for small businesses, help to pay salaries of police and firefighters, help for individual Americans, funding to deliver a vaccine, in order to give corporations legal immunity,”

It seems that the disagreements that has this negotiation deadlocked are state and local aid , liability protection for businesses, and the inclusion of individual checks for Americans. These decisions have slowed down the process since Spring according to Newsweek reporters, but both sides do conclude after Republican and Democratic negotiators are done the decision will come down to Mitch McConnell.

Lawmakers have one week to reach an agreement and if one is not reached millions will lose unemployment aid and eviction moratorium will expire.

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