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Stimulus negotiations have reopened in the Whitehouse after another extended period of the pandemic. A GOP proposal is expected to be about 1 trillion dollars which senators displayed this week, however, this plan still has many gaps to be filled. Time is running out for the senators and they know they must do something quickly, Tuesday is an essential day for negotiation. One senator said “We’ll get it together,” “Sometimes it takes some time to get everyone on the same page.”
A major issue that has lead to a division between the President and the Senate is Trump’s plan to cut payroll taxes while the majority of the Senate is opposed to the idea. Another issue is how determined he is to get it passed. He has threatened many times to veto the stimulus package if it isn’t included and even got Arthur Laffer on the phone to express the merits of the proposal.
Another issue is the unemployment insurance that expires for many Americans at the end of the month. Republicans want to restructure the $600 federal unemployment enhancement, while others want to quickly make an agreement by next week so they would be ready for August. It is unlikely though that an agreement is made by next week. Democrats support the enhancement while Trump criticized it, stating it never should have been made a law.
Written by Joseph Nelson
Source:
CNN: Stimulus negotiations: Senate Republicans have a White House problem
Image Courtesy of Gage Skidmore’s Flickr Page – Creative Commons License
