White House eyes about $1 trillion for next pandemic relief bill
by Jay Heflin, Business Editor |
| July 07, 2020 10:44 AM
The White House expects the next coronavirus relief package will cost up to $1 trillion, Marc Short, the chief of staff to Vice President Mike Pence, said Tuesday.
“There’s obviously been a lot of stimulus put in the system over the last couple bills, and so, the price tag for us would be that," he said in an appearance on Bloomberg Radio.
Senate Majority Leader Mitch McConnell, a Republican from Kentucky, on Monday said that his caucus has discussed a trillion-dollar package and projected that his chamber would pass a final coronavirus relief bill before August.
The House approved a $3.5 trillion relief bill in May that the Senate is not expected to take up. The measure extended the $600 unemployment “bonus†payment into next year. It is currently scheduled to expire at the end of the month, and McConnell does not want to extend it.
McConnell supports providing a five-year liability shield protecting businesses and schools that have reopened from coronavirus lawsuits and delivering another stimulus check to those who earn less than $40,000 a year.
The CARES Act, which was enacted in March, provided a $1,200 payment to those earning less than $75,000.
Senate Democrats will likely support another round of stimulus payments but will oppose enacting a liability shield.
They also back providing additional relief to local and state governments. McConnell cautioned that rising debt levels could be problematic in providing additional relief to these entities.
The Senate is currently not in session and is scheduled to reconvene on July 20.
https://www.washingtonexaminer.com/news/white-house-eyes-about-1t-for-next-pandemic-relief-bill