If Americans get another stimulus package, will it be a stand-alone bill, a “lean” bill with a few articles on it, or a large package that addresses a range of funding? All aim to address the ongoing effects ofand , but through different approaches that affect millions of people in the United States.
Since last weekend, President Donald Trump – who is it– was first called to work together on a new stimulus bill, then told his team to stop negotiating and said he would immediately sign a stand-alone bill for another round , urged Congress to renew wage assistance for airlines and other industries, and finally encouraged negotiators to “go big” on a new stimulus bill. The current White House proposal is a $ 1.8 trillion package, less than $ 2.2 trillion, put forward by the Democrats.
Do not worry if it is dizzying. Even those in Washington have a hard time following.
“The day-to-day discussion can be confusing for all of us to follow,” Senate Majority Leader Mitch McConnell said on Thursday about the ever-changing state of economic relief talks for Americans and large and small businesses.
We help you take care of what top issues may be in a stand-alone bill or an overall stimulus package – one that would either rub beforeor perhaps return to the drawing board after the election. This story is updated frequently.
What does the White House offer of $ 1.8 billion?
House Speaker Nancy Pelosi has met for several months with Secretary of Finance and Chief White House Chief of Staff Steven Mnuchin on the size and method of the next economic bill.
Senate Republicans have reviewed several proposals for new stimulus legislation – starting this summer with $ 1 trillionto a “lean bill” of $ 500 billion that lacked stimulus controls – but none of the proposals got a grip. For the ongoing round of talks, Mnuchin uses a two-party proposal out of the House as a starting point. The approach has the support of others, including Republican Senator Lindsey Graham, who said “It has many good things for individuals and businesses.”
According to the Washington Post, Mnuchin’s current offer is $ 1.8 trillion and includes:
: Stimulus controls for and $ 1,000 for (CARES law ).
Unemployment benefit: The proposal puts improved unemployment benefits at $ 400 per week (down from $ 600 included in the CARES Act but up fromthis summer through executive action).
State and local funding: A major sticking point, the proposal contains $ 300 billion for cities and states, up from $ 250 billion in an earlier proposal.
Pelosi’s deputy chief of staff Drew Hamill said on Friday that the president was concerned about the lack of “a strategic plan to crush the virus” in the government’s proposal.
White House spokeswoman Alyssa Farah said Friday that the administration wants to keep the cost of the bill below $ 2 trillion. It is also unclear whether the Senate Republicans would support a $ 1 trillion deal.
What a standalone bill can contain
As a way to achieve some of the goals that a comprehensive bill can achieve, White House leaders have sometimes pushed for smaller, targeted bills that they say everyone can agree on.
“We’re still willing to be engaged, but I’m not optimistic about a big deal,” White House Chief of Staff Mark Meadows told Fox News this week. “I’m optimistic that there are about ten things we can do at times.” Trump called for three areas in which he would support targeted legislation.
: On Tuesday, Trump said he would sign a bill that approved immediately. Other is one of the areas that everyone – both Republicans and Democrats – seems to have . And with new unemployment claims week after week over 800,000, the need for additional help is urgent.
Airline assistance: With the aviation industry hit hard by coronavirus-inducedand start working with workers, negotiators have tagged airline support for independent legislation. “Let me just be really clear,” Pelosi said on October 8. “I have been very open to having an independent bill for the airlines.” The House previously approved a $ 28.8 billion bill for airlines that Pelosi suggested could be the starting point for legislation.
Salary check protection program: The wage protection plan included in the spring CARES Act provided forgivable loans to small businesses as an incentive to keep employees on the payroll. Trump said he would “sign now” a bill that allows for additional funding to protect small business wages.
Support for the US Postal Service: This summer, the House passed a bill that would address concerns about the service and the upcoming election and provide an additional $ 25 billion in additional funding. The Senate did not raise the bill.
Democrats’ comprehensive $ 2.2 trillion offer
Pelosi continues to point to the updated version of The Heroes Act (PDF) as the basis for a new bill. The houselargely along party lines. The new hero law contains:
Direct payments: The current Democratic proposal includes payments up to $ 1,200 per person and $ 500 for each addict.
Salary support for small businesses and aviation workers: The democratic plan would repay wage protection and extend the program to aviation workers.
Unemployment benefit: The plan would authorize $ 600 federal unemployment benefits by January 2021.
State and local funding: The bill would provide state and local government support for the payment of important workers, including first aid and health workers.
Housing support: The proposal would renew financial support for tenants and homeowners to meet rent and mortgage payments.
What happens now
What happens next is up in the air. Politico reports that negotiators intend to work during the weekend and until next week with an agreement. But Senate Majority Leader Mitch McConnell warns that with the election less than three weeks away, it is likely that an agreement will not be reached before November 3.
For more information, here is what you need to know aboutand and .