cbpp.org
Negotiations between the White House and congressional Democrats ([link removed]) over an economic relief package have stalled. White House Chief of Staff Mark Meadows has insisted that the package cost no more than $1 trillion ([link removed]) , while Democratic leaders have said they could down from the $3.4 trillion cost of the House-passed Heroes Act to about $2 trillion.
The Senate Republican economic relief plan, which costs about $1.1 trillion, leaves out several key measures that President Trump, various Republican senators and governors, or both have indicated they support.
These policies ([link removed]) include further fiscal relief for states and localities that face huge budget shortfalls due to COVID-19 and its economic fallout as well as rental and food assistance. And, the plan includes substantially less in supplemental unemployment benefits than the President endorsed in the executive actions he announced on August 8.
These provisions, supported by Republican senators and the President, would cost close to $2 trillion.
There is no pathway to a robust package that meets these well-understood needs and garners bipartisan support and that costs just $1 trillion.
Reaching a bipartisan agreement soon is essential ([link removed]) . The President’s recent executive actions cannot come close to accomplishing what’s needed to combat the virus, strengthen a reeling economy, and address the serious and growing hardships that tens of millions of people face.
Read the Report ([link removed])
Download the PDF (7pp) ([link removed])
** Additional Resources
------------------------------------------------------------
› Special Series: COVID-19 Hardship Watch ([link removed])
› Statement: The Trump COVID-19 Executive Actions are Woefully Inadequate and Legally Dangerous ([link removed])
[link removed] Share ([link removed])
[link removed].: https%3A%2F%2Fmailchi.mp%2Fcbpp%2Fis-1-trillion-enough-for-a-new-economic-relief-package-no Tweet ([link removed].: https%3A%2F%2Fmailchi.mp%2Fcbpp%2Fis-1-trillion-enough-for-a-new-economic-relief-package-no)
[link removed] Forward ([link removed])
[link removed] Donate ([link removed])
Contact: Caroline Anderson-Gray (mailto:
[email protected]?subject=CBPP%20Email%20Response) , 202-408-1080, Director of Digital Strategy
============================================================
Copyright © 2020 Center on Budget and Policy Priorities, All rights reserved.
You are receiving this email because you requested to receive email from the Center on Budget and Policy Priorities.
Center on Budget and Policy Priorities
1275 First Street NE
Suite 1200
Washington, DC 20002-4243
USA
** unsubscribe from this list ([link removed])
** update subscription preferences ([link removed])
Was this email forwarded to you? ** Subscribe ([link removed])
to receive future emails.
