Democrats and Republicans Clash Over Stimulus Bill
Democrats and Republicans are continuing debates over the next coronavirus stimulus bill, according to CNBC.
On Friday, House Speaker Nancy Pelosi met with Treasury Secretary Steven Mnuchin and Chief of Staff Mark Meadows. The main issue of conflict is the federal boost to unemployment assistance. Democrats want to keep the $600 boost, but the Trump administration wants to reduce it to $200 per week. “We’ve been for the $600. They have a $200 proposal, which does meet the needs of America’s working families, and it’s a condescension, quite frankly,” Pelosi said. “They’re saying, ‘They really don’t need it. They’re just staying home because they make more money at $600.”
Mnuchin defending the administration's stance stating that they were concerned about the repercussions and cost of continuing the federal unemployment boost at that level. “There’s obviously a need to support workers, support the economy,” Mnuchin said. “On the other hand, we have to be careful about not piling on enormous amounts of debt.” Mnuchin also stated that the increased benefits have discouraged the unemployed from seeking out opportunities, but economists believe that claim is false. “There are cases where people are overpaid,” Mnuchin said.
However, Democrats and Republicans are both in agreeance on another round of direct cash payments of $1,200 to most Americans. Mnuchin stated that the checks will be sent out more quickly than they were the first time. Although, no one is sure when the next stimulus bill will be signed into existence. “I’m not optimistic that there will be a solution in the very near term,” Meadows said.