Report: McConnell’s Refusal To Provide Help To States Could Cost Over 4M Jobs
Senate Majority Leader Mitch McConnell (R-KY) has refused to bail out “blue states” suffering from budgetary problems related to the coronavirus pandemic, but GOP-controlled states are suffering as well and millions of jobs could be at stake, according to AlterNet.
- An analysis from Moody’s Analytics shows that the U.S. economy could recede by 3 percent and as many as four million jobs could be lost if Congress does not provide adequate support, The Wall Street Journal reported..
- The Trump administration has offered to give $150 billion in coronavirus-related aid to states. However, Democrats in Congress have insisted that the states need upwards of $915 billion in coronavirus relief.
- McConnell has written off state aid as a "blue state bailout," and President Trump shares that sentiment. The president tweeted that House Democrats "only wanted BAILOUT MONEY for Democrat run states and cities that are failing badly."
- However, “The Wall Street Journal noted that deep red Louisiana, for example, is up against a 46% decline in revenue,” AlterNet noted.
- The outlet added that “Republican Sen. Bill Cassidy of Louisiana has asked for $500 billion in relief for state and local governments — which is $415 billion less than House Democrats asked for on May 15, but $350 billion more than the Trump Administration’s $150 billion offer.”