General Category > Economy/Business

Lawmakers introduce bipartisan C-19 relief proposal with uncertain future in Congress.(Hint: $ 980B)

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catfish1957:


https://www.usatoday.com/story/news/politics/2020/12/01/lawmakers-introduce-bipartisan-covid-relief-proposal-congress/6475431002/

<snipit>
WASHINGTON – A group of lawmakers introduced a bipartisan framework for a COVID-19 relief proposal in the latest effort to break the logjam in negotiations, but their proposal faces an uncertain future in a divided Congress with only weeks left in session.

The roughly $908 billion proposal is intended as a temporary package that would run until April, the lawmakers said, 

"It would be stupidity on steroids if Congress left for Christmas without doing an interim package as a bridge," said Sen. Mark Warner, D-Va.

The group, led by the Problem Solvers Caucus, a bipartisan group of House lawmakers, many of whom faced tough reelection battles, and a moderate group of senators, said they had worked together on the compromise over the past month over pizza and pasta in each others' houses, including that of Sen. Lisa Murkowski, R-Alaska.
The proposal includes, among other provisions:

$160 billion for state, local and tribal governments
$180 billion for a federal boost unemployment insurance, coming out to $300 a week
$288 billion for small businesses, including a reauthorization of the Paycheck Protection Program
$45 billion for transportation
$10 billion for the United States Postal Service
Short-term federal protection from coronavirus-related lawsuits
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Porkulus Lives!!!..........

Fishrrman:
No more "covid relief" for this year, in this Congress.

Let whatever Congress is sitting next year take it up on January 21st...

catfish1957:

--- Quote from: Fishrrman on December 01, 2020, 10:22:56 pm ---No more "covid relief" for this year, in this Congress.

Let whatever Congress is sitting next year take it up on January 21st...

--- End quote ---

Timing is pretty much irrelevant in the upcoming Biden spending spree, unless the GOP can retain the senate.
Strangely RCP has no poll data on these races for 2 weeks now.

Bigun:

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