- President Donald Trump on Wednesday called on Republicans to send stimulus checks in excess of $ 1,200 to bolster the coronavirus-ravaged economy.
- “Take the much higher numbers, Republicans, everything is coming back to the United States anyway (one way or another!),” He said.
- A second round of direct payments is among the few areas of agreement between Republicans, Democrats and Trump.
- But that measure was missed in the latest reduced GOP coronavirus relief proposal, which Democrats blocked.
- Negotiations between Democrats and Republicans for another stimulus package have stalled for more than a month.
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President Donald Trump on Wednesday called on Republicans to support larger stimulus checks to support an economy still devastated by the pandemic.
“Take the much higher numbers, Republicans, everything is coming back to the United States anyway (one way or another!),”
“Donald J.” Trump (@realDonaldTrump) September 16, 2020
He also accused Democrats of being “heartless” and unwilling to provide people with another direct payment, despite the fact that the measure was excluded from the latest GOP coronavirus relief proposal.
A senior administration official told Business Insider that the president was referring to direct payments.
Read more: Morgan Stanley says the future of the stock market is “unusually dependent” on another stimulus package – and recommends 5 portfolio moves if Congress passes a new round
In March, Congress approved a $ 1,200 incentive check, plus an additional $ 500 per child under the age of 17, through the CARE Act. Republicans, Democrats and Trump are returning additional direct payments to the next coronavirus relief package, among the few areas of agreement.
The GOP initially included a provision for additional checks in its expenditure package at the end of July. But that was not the case in their latest proposal.
Trump’s remarks come as Republicans and Democrats remain at a dead end in adopting another economic aid package. Nearly 30 million Americans are still receiving unemployment benefits, and many economists are warning of a “K-shaped” recovery in which wealthy people at the top rise and the middle people are abandoned.
There is growing pressure on lawmakers to act before returning to their districts early next month for the October holiday.
Last week, Republicans in the Senate unveiled a reduced incentive plan that includes $ 300 billion in new federal unemployment benefits of $ 300 – half of what Democrats are asking for – as well as aid to small businesses and new education funding.
But Democrats blocked it, arguing that the plan was “exhausted” and missed many of the measures they were seeking, such as federal state aid and hiring aid. They are looking for at least $ 2.2 trillion in new government spending.
A group of 50 lawmakers unveiled a bipartisan relief plan on Tuesday in a final effort to begin talks that stalled Democrats and the White House last month. However, a group of chairmen of a democratic commission criticized it as inadequate.
Democrat Alexandria Ocasio-Cortes recently told Politico that Democrats must continue to push for a comprehensive stimulus agreement from Republicans – one that includes direct payments, state aid and substantial public health funding.