Members of Congress from both houses and both parties on Tuesday proposed a $ 908 billion coronavirus stimulus bill that included increased unemployment benefits, help for small businesses, and support for state and local governments.
But it doesn’t include the second round of $ 1,200 stimulus checks.
The framework has yet to be enshrined in law, passed through both houses, and signed by the president.
This includes $ 228 billion in new, essential loans for small businesses and made it clear that the aid was not taxable, $ 120 billion for state and local governments, $ 180 billion in increased unemployment insurance premiums, $ 18 billion per week 18 $ 18 billion for 18 weeks, $ 92 billion for education and childcare and $ 45 billion for airlines, buses, Amtrak and public transportation systems such as NJ Transit.
“We simply can’t leave the city, and we can’t leave anyone cold,” said MP Josh Gottheimer, D-5th Dist., At a Capitol Hill press conference joined by 13 other lawmakers. “A basic repayment for our families, small businesses and local communities.”
In addition, they funded nutrition programs, rental subsidies, student loans, U.S. postal services, health care providers, and vaccine-related research, development, and distribution. These were considered a higher priority than another round of incentive checks.
Half of the measure is the $ 1.8 trillion in incentive spending that House President Nancy Pelosi and Finance Minister Steven Mnuchin discussed before the election.
Lawmakers who announced this latest compromise effort have described their bill as a four-month emergency relief package for Americans struggling to get through the coronavirus epidemic.
“Perhaps the only time to pick up a crisis, and it’s a crisis,” said U.S. Senator Mitt Romney, R-Utah, the Republican presidential candidate in 2012. “It’s not a $ 1.8 trillion incentive account, it’s half that amount in the relief account.”
It is still undeveloped how to protect businesses, schools, and other institutions from litigation by clients or employees infected with the coronavirus, which is one of the main needs of Republicans while also incorporating security.
Proponents say next year’s Congress could write another spending bill after Joe Biden becomes president, but he didn’t want to go home for the holidays without passing some legislation.
“It would be foolish for steroids if Congress left for Christmas without making a temporary package,” said U.S. Senator Mark Warner, D-Va.
In a speech Tuesday, announcing his economic advisers, Biden called on Congress to “put together and deliver a strong aid package,” while saying his transition team is already working on a new aid package to deal with the pandemic.
“Packages delivered during a lame duck session are, at best, just the beginning,” he said.
CORONAVIRUS SOURCES: Live Map Tracker Newsletter Website
You have to look at whether Pelosi or Senate Majority Leader Mitch McConnell, R-Ky. Will it allow the compromise bill to be put to the vote.
Lawmakers said both leaders were briefed on their talks last month as Congress did not pass a new incentive bill. None of the leaders supported the last bilateral compromise attempt offered by the Problem Solvers Caucus in September.
“I’ve always encouraged our Democratic senators to sit down with Republicans and negotiate,” Chuck Schumer, the head of the New York Senate, said in a separate Tuesday press conference. “It’s a very good effort.”
Pelosi, California, said Tuesday that Democratic leaders have made a new proposal to Kevin McCarthy McConnell of California and the Republican leader of the House, and said Mnuchin told him to review both their ideas and the latest bipartisan proposals.
“Further facilitation of COVID is long overdue and they need to be handed over at this lame duck session,” Pelosi said.
Home Democrats have twice passed more than $ 2 trillion worth of incentive legislation. Senate Republicans opposed spending so much anywhere on an incentive bill.
While Senate Republicans failed to pass a smaller bill, Democrats blamed the stalemate, arguing that such House provisions temporarily suspended the $ 10,000 cap on state and local tax deductions and allowed banks to offer financial services. to legal marijuana businesses.
“The further relief that would help families, workers, schools and small businesses get across the finish line has persisted for months, while democratic leaders have taken an all-or-nothing approach,” said Mitch McConnell, Senate Majority Leader R-Ky. Tuesday on the Senate floor.
But as a price to accept any bill, McConnell demanded additional tax subsidies for religious and other private schools, as well as protection against businesses.
And the GOP refused to agree to the Democrats ’strong need to provide aid to scarce states and local governments to help pay for first aiders, teachers, and other civil servants.
“The leader’s view seems to be that the next COVID aid bill should only take into account items that Republicans approve, even if the country’s needs go beyond their narrow list,” Schumer said in the Senate floor.
U.S. Senator Robert Menendez, DN.J. at a meeting of the Senate Banking Committee on Tuesday, it said that 1.1 million state and local government employees had lost their jobs, citing statistics from the Bureau of Labor Statistics.
When Biden was Vice President, federal support to state governments was a key element of the $ 787 billion stimulus law passed in 2009 in response to the Great Recession. That accounted for 42% of the package, or $ 330 billion, according to the California State Legislature’s Office of Fiscal and Political Analysis.
Our journalism needs your support. Please sign up today to NJ.com.
Jonathan D. Salant available at [email protected].