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Speaker Pelosi’s new COVID-19 proposal ([link removed]) seeks to address the unprecedented health and economic crises our nation faces with measures substantial enough both to provide strong support for the economy and to ease hardship significantly for tens of millions of Americans, many of whom are in increasingly desperate straits.
In the absence of such a package, important relief provisions will expire much too soon ([link removed]) , with one key provision for unemployed workers ending in less than 80 days. State and local governments – which face huge revenue shortfalls in their new fiscal year – will be compelled to institute massive budget cuts or tax increases and lay off large numbers of teachers and other employees, making the downturn substantially worse than it already is.
People in large numbers are losing jobs and health coverage and facing hunger, the threat of eviction, and other serious hardships. Growing numbers of businesses are facing collapse. The severity and scope of the crisis require a robust response.
The Pelosi package, while not perfect, steps up to the plate ([link removed]) and provides the type of response the nation needs.
Read the Report ([link removed])
Download the PDF (3pp) ([link removed])
** Additional Resources
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› We’ve rounded up all of our COVID-19 materials in one place and are updating the page regularly. ([link removed])
› We’re releasing quick analyses of the Pelosi bill on Twitter. Follow us @CenterOnBudget ([link removed]) .
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Contact: Caroline Anderson-Gray (mailto:
[email protected]?subject=CBPP%20Email%20Response) , 202-408-1080, Director of Digital Strategy
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