Jump to content

House Democrats push to renew efforts for second round of $1,200 stimulus check


prettylight

Recommended Posts

prettylight

House Democrats push to renew efforts for second round of $1,200 stimulus checks

Published Tue, Sep 22 20203:49 PM EDT
Updated 12 Min Ago
People gather outside of an apartment complex with the intention to stop the alleged eviction of one of the tenants in Mount Rainier, Maryland, U.S., August 10, 2020.
People gather outside of an apartment complex with the intention to stop the alleged eviction of one of the tenants in Mount Rainier, Maryland, U.S., August 10, 2020.
Leah Millis | Reuters
 
 
Key Points
  • A second set of $1,200 stimulus checks was one move both Republicans and Democrats agreed on until discussions fell apart.
  • In order to get something done, Senate Republicans pushed for a smaller bill that excluded those checks. 
  • House Democrats reaffirmed their commitment to sending that relief in a hearing on Tuesday. It will require both parties to compromise before Americans would receive any of that money.

 

The stimulus stalemate has left lawmakers at odds over how to get more relief to millions of Americans who need it.

Earlier this month, Senate Republicans attempted to get a smaller bill through Congress as the standoff between both parties continues.

But that relief bill did not include a second round of $1,200 stimulus checks, a measure that both parties had all but signed off on.

House Democrats pushed back on the exclusion on Tuesday during a Congressional hearing with Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin.

....

Rep. Rashida Tlaib, D-Mich., also spoke out about the prospect of a second round of payments, asking Mnuchin, “Yes or no, do you believe another stimulus check could help stabilize the economy?”

“I do,” Mnuchin said. “The administration does support another stimulus payment.”

The likelihood and timing of that money still remains unclear. House Democrats and Senate Republicans had both put forward proposals that included a second round of direct payments. Other issues, however, have made it impossible for both sides to come to an agreement, at least for now.

“We obviously can’t pass a bill in the Senate without bipartisan support,” Mnuchin said. “Our job is to continue to work with Congress to try to get additional help to the American public.”

In response, Tlaib urged Mnuchin to push for more stimulus checks.

“I think you need to be very clear with the Senators … that direct payments to individuals is critical to preventing economic collapse in our country,” Tlaib said.

Some experts have speculated that the death of Supreme Court justice Ruth Bader Ginsburg, and the ensuing fight over the nomination to fill the now vacant seat, could make it impossible for Congress to come up with another stimulus deal now.

In a separate interview with CNBC on Tuesday, Larry Kudlow, director of the National Economic Council, dismissed that idea as “not necessarily a given.” The two parties were already at odds before the judicial issues came up, he said.

 

more at

https://www.cnbc.com/2020/09/22/house-democrats-push-to-renew-second-1200-stimulus-check-effort.html

Link to post
Share on other sites
  • Replies 76
  • Created
  • Last Reply

Top Posters In This Topic

  • prettylight

    47

  • Farmer Vincent

    9

  • grieker

    8

  • simpleton

    6

Top Posters In This Topic

Popular Posts

Radical socialist progressives will NOT allow ANYTHING less than what they set out to get - period.

Same for the Republican Party

Posted Images

prettylight

Pelosi and Mnuchin push for pre-Election Day stimulus deal as Democrats prepare new $2.2 trillion plan

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, who have cut several major deals during the coronavirus pandemic, are trying one final time to ease a bitter standoff on Capitol Hill over a pre-Election Day package to provide relief to millions of Americans reeling from the damaging economic crisis.

Pelosi and Mnuchin have spoken several times in recent days, including Monday night and plan to again on Tuesday. And while most on Capitol Hill are deeply skeptical a deal can be reached, both Pelosi and Mnuchin have aligned interests: The speaker is facing growing pressure from vulnerable House Democrats, particularly freshman, to cut a deal immediately while President Donald Trump wants a legislative accomplishment to tout in the final weeks of the intensely fought campaign.
 
But the House speaker has made contingency plans in case the effort falls apart: She and her top lieutenants on Monday night unveiled a $2.2 trillion plan, down from the $3.4 trillion measure that passed the House largely along party lines in May and has since been ignored by the GOP-led Senate.
 
That price tag for the bill is still far too high for the White House and Senate Republicans, who tried to advance a $500 billion plan this month that was blocked by Democrats over concerns it didn't go far enough.
 
According to a summary of the new House Democratic plan released Monday night, the measure includes several of the pillars of the Heroes Act that passed the chamber in May -- but with a shorter timeframe, in a bid to reduce the overall cost.
 
The pared-back legislation would include another round of $1,200 stimulus payments to certain individuals under an income threshold, more money for the Paycheck Protection Program for small businesses, more aid to the US Postal Service, $75 billion for coronavirus testing and contact tracing, as well restoring the $600 a week additional unemployment assistance that expired in July. After pushing a plan for roughly $1 trillion in state and local aid in the last proposal, an idea roundly rejected by the White House, Pelosi and Democrats are now proposing $436 billion for state, local and tribal governments over one year.
 
more at
Edited by prettylight
Link to post
Share on other sites
prettylight

Trump pushes for new coronavirus stimulus deal: 'GET IT DONE'

President Trump pressed lawmakers and members of the administration to reach an agreement on a new coronavirus stimulus package as he receives treatment for COVID-19.

“OUR GREAT USA WANTS & NEEDS STIMULUS. WORK TOGETHER AND GET IT DONE. Thank you!” he tweeted from Walter Reed National Military Medical Center Saturday. 

https://thehill.com/homenews/administration/519484-trump-pushes-for-new-coronavirus-stimulus-deal-get-it-done

 

^

thank you sincerely

Link to post
Share on other sites
prettylight

"There are folks all across America right now worrying about rent, food & shelter. 7 months into a pandemic and record unemployment with no relief checks since last April but a guy who paid $750 in taxes and just got a VIP Suite as a hospital room says no more money until I win."

https://twitter.com/CaslerNoel/status/1313567749860462594

Link to post
Share on other sites
prettylight

GOP Senate aide: "Many people think Trump is done & he will take many Republicans with him & I have yet to hear a reason how [more stimulus] would help anyone on the down ballot"

^ why Republicans rushing to fill a SCOTUS vacancy but not pass more relief

 

Link to post
Share on other sites
Farmer Vincent
11 minutes ago, simpleton said:

So the democrats want to send out checks, it's about what's best for the peasants.   The Republicans do it's pandering.   Don't forget, it was trump's executive order that got the peasants the extra $300 when congress wouldn't pass anything months ago.

Don't forget that he was requiring states to make up the difference and they couldn't afford it.  

Link to post
Share on other sites
prettylight

A GOP strategist tells Bloomberg that Senate Republicans don't want a big stimulus bill now because they want to pivot hard to austerity under a Biden presidency, which could cripple it. No wonder McConnell is laughing.

New piece:

https://www.washingtonpost.com/opinions/2020/10/14/how-republicans-will-try-destroy-biden-presidency/

via https://twitter.com/ThePlumLineGS/status/1316440950361731075

 

Link to post
Share on other sites
prettylight

^ more

 

A Senate GOP strategist privately confided to Bloomberg that a key Republican goal right now is to lay the groundwork to revert hard to austerity, should Biden prevail, crippling the possibility of any serious stimulus efforts next year, even amid continued economic misery."

A new report published by Bloomberg detailed the speculation as it suggested Republicans are already setting the stage to maintain its hold of federal spending even if they lose control of the Senate:

"A GOP strategist who has been consulting with Senate campaigns said Republicans have been carefully laying the groundwork to restrain a Biden administration on federal spending and the budget deficit by talking up concerns about the price tag for another round of virus relief. The thinking, the strategist said, is that it would be very hard politically to agree on spending trillions more now and then in January suddenly embrace fiscal restraint."

Although Sargent acknowledged that the remarks did come from an anonymous source, it also aligns with what is being speculated and all that has transpired in recent weeks. The WaPo journalist noted that Republican lawmakers are apprehensive about another stimulus package because they are not certain even that will secure a second presidential term for Trump.

At this point, Republican lawmakers may be working to place Biden in a "fiscal straitjacket" to "[saddle] him with the terrible politics of a grueling recovery," according to the report

 

"A big package now under a GOP president would make that harder to get away with. That's bad enough, but the evolving strategy here may be worse than this suggests," Sargent wrote. "The calculation is probably not just about avoiding the hypocrisy of spending big now and embracing austerity under a Democratic president."

https://www.alternet.org/2020/10/the-gop-can-try-to-destroy-bidens-presidency-and-they-are-laying-the-groundwork-right-now

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...