Widget Image
Follow PPD Social Media
Saturday, April 20, 2024
HomeNewsPoliticsSenate Passes $2 Trillion Coronavirus Relief Bill

Senate Passes $2 Trillion Coronavirus Relief Bill

A graphic concept of the coronavirus on a yellow police tape against the backdrop of the Capitol Building in Washington DC. (Photo: AdobeStock)

Democrats Leverage Coronavirus Crisis for Giveaways

A graphic concept of the coronavirus on a yellow police tape against the backdrop of the Capitol Building in Washington DC. (Photo: AdobeStock)
A graphic concept of the coronavirus on a yellow police tape against the backdrop of the Capitol Building in Washington DC. (Photo: AdobeStock)

Washington, D.C. (PPD) — The U.S. Senate unanimously passed a historic $2 trillion coronavirus relief bill, ending deadlock and sending it to the U.S. House of Representatives.

The vote was 96 – 0.

The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, includes direct payments to most Americans, and a significant expansion of unemployment benefits. It also includes a $367 billion program for small businesses to meet payroll while workers are forced to stay home and $500 billion program for corporations in vital industries such as airlines.

While Majority Leader Mitch McConnell, R-Kty., told reporters after the vote that the passage of the bill was bipartisan, he acknowledged the original bill was derailed at the last minute on Sunday.

“This Sunday, we had a bipartisan bill,” he said. “Then, the speaker and the minority leader came to my office and that slowed down the process.”

The bipartisan vote came after heated arguments not seen on Capitol Hill in decades. Last weekend, a deal had been struck until House Speaker Nancy Pelosi, D-Calif., returned to D.C. with a laundry list of last-minute, leftwing demands.

A smaller laundry list still ended up in the bill.

Democratic Provisions Unrelated to Coronavirus and Economy

  • Corporation for Public Broadcasting: $75 million
  • National Endowment for the Arts: $75 million
  • National Endowment for the Humanities: $75 million
  • Institute of Museum and Library Services: $50 million
  • The Kennedy Center: $25 million
  • National Oceanic and Atmospheric Administration (NOAA): $20 million
  • Legal Services Corporation: $50 million
  • Internal Revenue Service: $250 million
  • House of Representatives salaries and expenses: $25 million

The 880-page bill also includes at least $150 billion for the healthcare system, and an additional $100 billion for healthcare supplies. But it was what Minority Leader Chuck Schumer, D-N.Y., called “unemployment on steroids” that threatened to derail the bill again.

An amendment introduced by Republican Ben Sasse, R-Kan., would’ve prevented unemployment paying out more than workers made before being laid off. It also will result for the first time in unemployment benefits for a worker who quits.

They just has to “self-certify” that “the individual has to quit his or her job as a direct result of COVID-19.”

The provision, which was left intact after the amendment failed, will lead to prolonged periods of high unemployment by incentivizing many to remain out of the labor force until the end of the year.

“COVID-19 not only endangers our health, but has also presented the biggest economic challenge our nation has seen in a decade,” said Senator Tim Scott, R-S.C., who gave an impassioned floor speech in support of the amendment, though ultimately voted for the bill.

“This package, while not perfect, will provide immediate financial assistance for those in need, help our small businesses keep their doors open, and keep our amazing health care providers safer.”

There are many other special interest giveaways for Democrats wholly unrelated to the coronavirus or the economic devastation it has caused.

Medium-sized businesses are required to remain neutral in union organizing, meaning they cannot oppose any union organizing campaign drives for the duration of a federal loan.

The Democrat-controlled U.S. House will not take up the bill until Friday. Democratic leadership promised to give members 24 hours to return to D.C.

Written by

People's Pundit Daily delivers reader-funded data journalism covering the latest news in politics, polls, elections, business, the economy and markets.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial