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Thread: Democrats eye additional relief checks for coronavirus

  1. #1

    Democrats eye additional relief checks for coronavirus

    You can't outdo the Democrats on spending. They always want more and the GOP will deliver!

    Democrats are keen on including additional direct payments to Americans in the next coronavirus response bill, arguing more needs to be done to provide financial stability as the pandemic ravages the economy.

    A number of Democratic lawmakers have offered proposals for more generous payments than the ones included in the $2 trillion measure President Trump signed into law Friday. That legislation included one-time cash payments for most Americans of up to $1,200 per adult and $500 per child.

    It was the third coronavirus bill he’s signed, but lawmakers are already starting to discuss their priorities for a “phase four” measure.

    Some congressional observers say the prospects of additional checks will likely depend in part on how long it takes for the U.S. to contain the virus outbreak.

    “So much of it is uncertain because it’s driven by the trajectory of the disease,” said Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center, which is led by a former Obama administration official.

    The latest bipartisan measure signed by Trump contained several provisions aimed at helping individuals and businesses cover their expenses during the pandemic. In addition to the one-time checks, unemployment insurance received a boost and small businesses can now access forgivable loans if they retain their workers.

    Treasury Secretary Steven Mnuchin has said the coronavirus relief checks should be arriving as early as three weeks.

    By then, Democrats might already be giving shape to a fourth coronavirus-relief bill.

    Speaker Nancy Pelosi (D-Calif.) has made several comments in recent days backing enhanced direct payments in the next coronavirus measure. A proposal released by House Democrats on Monday called for one-time cash payments of $1,500 for both adults and children, which is more generous than the payments in the new law.

    “We had bigger direct payments in our bill,” Pelosi said during a press conference Thursday. “I don't think we’ve seen the end of direct payments.”

    Former Vice President Joe Biden, the front-runner in the Democratic presidential primary, has suggested that the next package include additional cash payments if conditions necessitate them. Fellow Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) has called for monthly checks of $2,000 for the duration of the coronavirus crisis.

    Other Democratic lawmakers are proposing multiple rounds of direct payments to help Americans weather the pandemic.

    Reps. Ro Khanna (Calif.) and Tim Ryan (Ohio) have offered a plan that would provide most Americans with monthly checks for six months, which Congress could renew for an additional six months if the outbreak continues to weigh on the economy.

    “I think it’s important for mental health and economic health for people to know they have something to lean on,” Ryan said Friday in an interview with The Hill.

    Sens. Cory Booker (N.J.), Michael Bennet (Colo.) and Sherrod Brown (Ohio) earlier this month proposed immediate payments of $2,000 per person, with additional payments of lower amounts if the economic turmoil persists.

    A spokeswoman for Bennet said Friday that the senator still thinks “assistance should last as long as it takes to get through the public health crisis and restore our economy.”

    Other Democrats who have floated multiple direct payments include House Financial Services Committee Chairwoman Maxine Waters (Calif.) and prominent freshman progressive Rep. Rashida Tlaib (Mich.).

    In addition to more relief checks, Democrats have expressed an interest in expanding the earned income tax credit and the child tax credit — two refundable credits benefiting low- and middle-income families — as part of future coronavirus legislation. Many Democrats, including Brown and House Ways and Means Committee Chairman Richard Neal (Mass.), have long had an interest in expanding the credits and argue that doing so now would give families additional assistance.

    “If we pass additional measures to respond to an ongoing economic downturn, Congress has an opportunity to expand the Earned Income Tax Credit and the Child Tax Credit to help working families get further ahead,” Brown said in a statement provided to The Hill.

    Democrats aren’t the only ones who have suggested there should be more than one round of cash assistance.

    Sen. Josh Hawley (R-Mo.) has introduced a bill that would provide monthly payments to families during times of economic distress or school closures as a result of the coronavirus.

    Early in the discussions about the phase three package, the Trump administration suggested two rounds of direct payments. But some Senate Republicans criticized the idea of direct payments, so the package included a section on checks that had a smaller price tag than what the administration had proposed.

    The Treasury Department did not have a comment Friday about the idea of additional checks.

    A spokesman for Senate Finance Committee Chairman Chuck Grassley (R-Iowa) said that it’s too soon to know what will be a part of a phase four package. Grassley played a key role in the checks that were included in phase three.

    “Sen. Grassley will work with his colleagues on Phase 4 legislation if it becomes necessary,” Grassley spokesman Michael Zona said. “It’s too early to say what that legislation might encompass. It would need to address any ongoing problems in an effective manner.”

    Some economic policy experts said several factors will play into whether Congress passes legislation that creates additional direct payments, such as how long the outbreak persists and the economy struggles, and the effectiveness and popularity of the checks and loans in the phase three package.
    https://thehill.com/policy/finance/4...mpression=true



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  3. #2
    Does anyone get to read the bill put together by Pelosi staff this time? Does the kennedy center have enough money yet ?

  4. #3
    See, now they have heard from angry constituents and she’s trying to get ahead of it. That ship has sailed, Nancy. No getting ahead of it now. She still does not get that anyone in America shares her view of anything. Nobody wants pork. They want their confiscated tax dollars back so they can pay rent and eat.
    #NashvilleStrong

  5. #4
    Quote Originally Posted by euphemia View Post
    See, now they have heard from angry constituents and she’s trying to get ahead of it. That ship has sailed, Nancy. No getting ahead of it now. She still does not get that anyone in America shares her view of anything. Nobody wants pork. They want their confiscated tax dollars back so they can pay rent and eat.
    I think a tax rebate is a good idea. However these checks to everyone are silly.

  6. #5

    To Create a "Pig Virus"

    They're truly milking this Coronavirus pandemic for all its worth. And I'm sure the House won't put it to a recorded vote again.
    "Diverse weights are an abomination unto the LORD, and a false balance is not good." - Proverbs 20:23

    "Lowering interest rates punishes people for saving, thus encouraging consumers and businesses to spend every penny they make...The Federal Reserve’s inflationary policies harm the average American by eroding the dollar’s purchasing power." - Dr. Ron Paul

  7. #6
    GOPA/GOP leaders including Donald/Mitch would be more than happy to join Pelosi on this noble mission.

    Sen. McConnell: Democrats Need to Take 'Yes for an Answer'

    Mar.24


    4 days ago

  8. #7
    When life itself seems lunatic, who knows where madness lies? - Miguel de Cervantes, (Don Quixote)

    Quote Originally Posted by Voluntarist View Post
    The tree of liberty must be refreshed from time to time with the Federal Reserve Notes of patriotic central banks

  9. #8
    when the sleeping giant wakes up she will fear
    It was too weird to live, and too rare to die - hunter s. thompson .
    ..this is the darkest timeline..



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  11. #9
    Quote Originally Posted by CaptainAmerica View Post
    when the sleeping giant wakes up she will fear
    Yeah, I think that sleeping giant succumbed to opiates and desperation five years ago...

  12. #10
    The economy has been fake for a long time. If they can get through this continuing to print more money and more hand outs, without much effect and inflation it will mean the game works. Opposition would be pointless since they will have proven smoke and mirrors federal reserve works.

    I would then simply focus on keeping more of your tax dollars, keeping their hands off cryptocurrencies, allowing opt-out of their system and/or receiving any of their services. Let them keep producing money out of thin air and render onto Caesar what is Caesar's. Two worlds, they have theirs which you can opt-in or out and you have yours.

  13. #11
    Quote Originally Posted by oyarde View Post
    Does anyone get to read the bill put together by Pelosi staff this time? Does the kennedy center have enough money yet ?
    + rep
    When life itself seems lunatic, who knows where madness lies? - Miguel de Cervantes, (Don Quixote)

    Quote Originally Posted by Voluntarist View Post
    The tree of liberty must be refreshed from time to time with the Federal Reserve Notes of patriotic central banks



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