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New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans

New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans

Two new stimulus packages have been proposed while
lawmakers continue to push for second stimulus checks to help
Americans cope with the coronavirus-led economic crisis. House
Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell
want to add stimulus measures to the spending bill that must be
passed before the Dec. 11 deadline.

Stimulus Measures Could Be Added to Spending Bill That Must Pass
This Week

U.S. lawmakers unveiled new stimulus proposals last week after
months of negotiations with no progress on either a new coronavirus
relief stimulus package or second stimulus checks for
Americans.

Time is running out for a stimulus bill to be approved before
the end of the year when several key benefits from the first
stimulus package will expire. Lawmakers are also scheduled to begin
their holiday recess on Dec. 18, and they must approve a spending
bill by Dec. 11 to avoid a
government shutdown
.

After failing to come to an agreement with Treasury Secretary
Steven
Mnuchin
, House Speaker Nancy Pelosi is now discussing stimulus
terms directly with Senate Majority Leader Mitch McConnell.

Pelosi told reporters on Friday that she and McConnell had
agreed to try to reach a deal that could be included in the
spending bill that must be passed by the Dec. 11 deadline. She
believes that there is “sufficient time” to close a deal before
that date. Both President Donald Trump and President-elect Joe
Biden have urged Congress to pass the next stimulus bill now.

Two New Stimulus Proposals

A compromise $908 billion bipartisan stimulus package was
unveiled last week by a group of GOP and Democratic senators who
are expected to finalize legislation over the weekend.

This stimulus package includes $300 weekly federal unemployment
benefits, $160 billion in state and local aid, another $288 billion
for more small business assistance through the Paycheck Protection
Program (PPP), $45 billion for struggling airlines and mass transit
systems, $25 billion for rental assistance and $35 billion for
healthcare. However, it does not include a provision for second
stimulus checks for individuals.

Pelosi and Senate Minority Leader Chuck Schumer issued a joint
statement on Wednesday, stating:

In the spirit of compromise we believe the bipartisan framework
… should be used as the basis for immediate bipartisan, bicameral
negotiations.

While top Democrats have embraced this $908 billion stimulus
plan as the starting point for negotiations, McConnell indicated
last week that he would not support this package, pushing for his
own smaller proposal.

However, Senator Bill Cassidy, one of the lawmakers who worked
on the bipartisan framework, said Sunday that both McConnell and
Trump will eventually “come on board,” noting that President
Trump has already indicated that he would sign the $908 billion
package.

Meanwhile, McConnell has proposed another stimulus package of
his own that is being negotiated behind closed doors and likely
resembles the two $500 billion stimulus bills he previously
proposed. His plan omits both second stimulus checks for Americans
and the $600-per-week federal boost to unemployment insurance.

McConnell tweeted on Wednesday:

I put forward yet another proposal that would invest many
billions in workers, laid-off Americans, small businesses, &
vaccine distribution. I hope Democrats will finally let us get a
bipartisan outcome soon.

“We don’t have time for messaging games. We don’t have
time for lengthy negotiations. I would hope that this is something
that could be signed into law by the president, be done quickly,
deal with the things we can agree on now,” he continued.

Mnuchin told reporters that “The president will sign the
McConnell proposal” as he walked into a House committee hearing
on his department’s response to the pandemic on Wednesday.

Did Pelosi Make a Mistake Rejecting the $1.8 Trillion White House
Offer With Second Stimulus Checks?

Pelosi has come under fire for turning down a larger stimulus
deal with direct payments to Americans only to back a smaller
package with no second stimulus checks.

Prior to the election, the White House offered her a
$1.8 trillion
stimulus package that contained second stimulus
checks, which she turned down, refusing to compromise her $2.2
trillion
Heroes Act
. The $908 billion package she now supports does not
provide for another round of direct payments to Americans.

Pelosi insists that her rejecting the $1.8 trillion offer was
not a mistake. She said during her weekly press conference
Friday:

That was not a mistake, it was a decision … Now, the fact is,
I’m very proud of where we are.

However, some of her colleagues disagree with her. Democratic
Representative Ro Khanna told CNN on Friday that they should have
taken the $1.8 trillion stimulus deal. Mnuchin publicly said at the
time that if Pelosi accepted it, President Trump would squeeze
McConnell and get the bill passed.

The house speaker attributed her decision to support the $908
billion stimulus package without second stimulus checks to
Biden’s election and the looming arrival of two vaccines, which
she called “a total game-changer.” Pelosi said:
“President-elect Biden has said this package would be at best
just a start. That’s how we see it, as well.”

Meanwhile, Biden said on Friday that he was “confident” that
an agreement was possible, stating:

It’s not going to satisfy everybody, but the option is, if you
insist on everything, we’re likely to get nothing on both
sides.

Lawmakers Fighting to Provide Direct Payments to Americans

The omission of second stimulus checks for individuals has
caused quite a stir, with a number of lawmakers vowing that they
will not support a bill without direct payments to Americans.

Senator Bernie Sanders was among those who are unsatisfied with
the new stimulus proposals. “I look forward to working with my
colleagues in the House and Senate to significantly improve this
bill. But in its current form, I cannot support it,” he said
Friday. Sander affirmed that the omission of another round of
$1,200 direct payments to Americans was “unacceptable.”

Representative Rashida Tlaib is also against not providing a
second round of stimulus checks to individuals. She tweeted:

It’s critical that we have another stimulus check. Direct
payments help families in desperate need & it stimulates our
local economy.

Do you think Americans will soon receive second stimulus
checks? Let us know in the comments section below.

The post
New Stimulus Proposals Gain Support While Lawmakers Push for Second
Stimulus Checks to Help Americans
appeared first on Bitcoin News.

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