The worst economic catastrophe since the Great Depression prompted lawmakers to send direct checks of up to $ 1,200 to Americans affected by the coronovirus epidemic earlier this year, but the outlook for payments for the second time is blurred.
House Democrats on Tuesday unveiled a $ 3 trillion relief package that would send another round of $ 1,200 checks to American adults and children and expand the number of people who are eligible to receive government assistance. Payments will be capped at $ 6,000 per house.
"We are talking about this with many different people," President Trump said earlier this week. "We are talking about payroll tax. I want to look at various things, but we are talking about this. We are negotiating with the Democrats."
But the House bill faces a tough, tough fight: Senate Republicans cried out the bill as a "liberal wish list" and declared that it had no chance of being passed.
Republicans have not yet issued a relief bill, but Senate Majority Leader Mitch McConnell said Tuesday that it included enhanced medical malpractice protection for health care providers in COVID-19 cases and businesses, nonprofits and government New legal protections for agencies may be included.
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McConnell and other Republicans have said they want to stop and allow nearly $ 3 trillion approved to start trickling through the economy before passing additional aid.
On Wednesday, Federal Reserve President Jerome Powell, a Republican, issued a warning about the state of the US economy if the federal government does not pass additional policy measures, the recession could become "prolonged." He did not say which policies should be considered.
"Additional fiscal support can be costly, but it is worth it if it helps avoid long-term economic losses and leaves us with a strong recovery," said Paver. "This tradeoff is one for our elected representatives, who wipe out the powers of taxation and spending."
So far, Congress has passed four major stimulus packages totaling approximately $ 3 trillion to blunt economic suffering from the outbreak of the virus. This includes the $ 2.2 trillion Carriage Act at the end of March, which sent lump sum payments of up to $ 1,200 to Americans who make less than $ 99,000.
Some Democrats have taken a different approach to stimulus measures. Sensor. Kamala Harris, D-California., Bernie Sanders, I-Vt., And Ed Markey, D-Mass. Earlier this month unveiled a bill that would give most Americans a monthly payment of $ 2,000 until the virus outbreak faded.
Similar to a House bill proposed in mid-April, senators called on every American to pay $ 2,000 in cash, earning less than $ 120,000. This would extend to $ 4,000 for married couples and provide an additional $ 2,000 for each child up to three.
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