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Speaker Nancy Pelosi announced Sunday morning that House Democrats are not ready to sign on to an emergency stimulus bill that has been proposed by the Senate, saying “From my standpoint, we are apart.”
Leaving Sunday’s meeting, Pelosi said that she will introduce her own legislative package but that “we are still talking” with Republican leaders. She said that at this point, however, there is no bipartisan deal.
Speaker Pelosi says she is not ready to sign off on the major coronavirus stimulus package — and that top Democrats will be introducing their own legislation — as Congress readies the bill for passage as soon as Monday: “From my standpoint, we are apart.” https://t.co/GGiHTo33JK
— NBC News (@NBCNews) March 22, 2020
Senate Republicans introduced a bill Thursday that would mete out stimulus payments to Americans based on 2018 tax filings.
According to details of the bill released Thursday, Senate Republicans are proposing giving a $1,200 check to every American adult with an income under $75,000, decreasing gradually after that and zeroing out at $99,000 income. Checks would fall to $600 for those with little or no income tax liability, and $500 will be added in per child. The eligibility is based on 2018 tax filings.
Meanwhile, Democratic presidential candidate Sen. Bernie Sanders, I-Vt., has proposed universal $2,000 checks per month “for the duration of the crisis.” Other Senate Democrats have suggested quarterly checks that begin at $2,000 per person, decreasing over time based on economic triggers.
Some experts are saying that the payments should be made regardless of income status because any other red tape will only delay the delivery of checks to suffering Americans.
A new Marist poll conducted for NPR/PBS News earlier this week found that 18% of adults in the U.S. said that they had already lost their job or had their hours reduced due to the pandemic.
The White House and Congress have moved quickly to craft two coronavirus spending packages, and President Trump on Tuesday began pushing another $850 billion stimulus, mostly in the form of tax relief measures. About $500 billion would be tied to a payroll tax cut, with $250 billion in the form of Small Business Administration loans and another $58 billion directed to the airline industry.
Trump also wants the federal government to send checks to Americans within the next two weeks to stem the effects of the coronavirus on the economy, Mnuchin said Tuesday. “The president has instructed me we have to do this now,” he said at a White House briefing attending by the president. “Americans need cash now — and I mean now, in the next two weeks.”
There is not yet much indication of what Pelosi plans on proposing differently, but a previous bill that was rejected by House Republicans included funding for abortion procedures.