Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Second incentive checks: Where we stand when November ends

Second incentive checks: Where we stand when November ends



WASHINGTON (NEXSTAR) – If you bet on a political stalemate centered around the November election, it will end once the Americans go to the polls, you have lost that bet.

Nearly a month after voters decided the next president, Congress is no closer to finding a common language for coronavirus relief or receiving new direct payments to Americans.

Ahead of Thanksgiving, Parliament Speaker Nancy Pelosi, who is the lead negotiator for Democrat incentives, said the holiday season was marked by “great pain, great pain, that 250,000 Americans have lost their lives in our country this year.” lives next to the coronavirus. “

Pelosi noted that Congress has not yet adopted additional aid to alleviate the coronavirus and blamed Senate Majority Leader Mitch McConnell for inaction.

“More than six months ago, when we passed the Heroes Act, leader McConnell said we needed a break. We need a break. Well, I hope the break is over for him. “Nearly 200,000 people died during this break, so we ask him to return to the table,” Pelosi said.

Congressional Democrats and Republicans usually say a new stimulus bill is needed, but they disagree on its scope. Some Republicans oppose a new round of inspections directly against most taxpayers, and some do not want Washington to “rescue” state and local governments that had financial difficulties before the pandemic.

As of November, Pelosi continues to monitor an account of more than $ 2 trillion, while McConnell is looking for a much smaller package close to $ 500 billion.

The New York Times reports that President-elect Joe Biden’s team is urging Democrats to reach a quick stimulus deal – even if it doesn’t include everything they’re looking for. The Times notes that Biden’s advisers fear that economic conditions could worsen as he approaches in January. They are eager to get more relief for Americans before the end of the year.

The issue is a huge virus relief bill that will send another direct payment, restart unemployment benefits bonus, fund additional tests and vaccines, provide aid to schools and allocate money to state and local governments, which is a democratic priority. .

A $ 1.8 trillion bailout plan went unanimously in March. The larger package passed by Pelosi met with strong opposition from Republicans. Taking care of the issue will free the decks for a fresh start on the congressional agenda next year.

Federal Reserve Chairman Jerome H. Powell went on to call for a new relief earlier this month, saying: “I think we will have a stronger recovery if we can just get at least a little more fiscal support.”

If no agreement can be reached in the next few months, Biden’s new administration will fall for a deal. Economic recovery is listed as one of its “first day priorities” on the Biden-Harris transition website. There is no direct mention of incentives to review the outlined economic recovery plan.

However, the president-elect said that “we must spend everything necessary immediately to meet public health needs and deal with the growing economic consequences”, but he did not specify the amount of the incentive to pay.

Along with expanding free testing of COVID-19, making national emergency efforts, and funding state and local governments, part of its plan calls for emergency paid leave to cover 100% of weekly wages or average weekly incomes limited to $ 1,400. per week.

Eligible recipients include sick workers, workers caring for family or loved ones, those at increased risk of health complications from COVID-19, domestic workers, carers, concert economics workers and independent performers. Parents involved in school closure will be entitled to paid leave as well as childcare allowance.

The Associated Press contributed to this report.

Latest titles from FOX8


Source link