Somebody has come their senses…..
The extra won’t be stopped….
Congress is back this week and there IS gonna be some horse trading and things might get sideways…
A new virus/stimulus bill is the main thing on the agenda….
But things maybe complicated because Trump wants ANOTHER TAX CUT for the Rich that would impact Social Security and Medicare money reserves while the amount of money the government is taking in has already declined….
The Budget is TRILLION’s in the RED.…
GOP lawmakers are considering reducing emergency unemployment benefits to between $200 and $400 per week as federal spending during the coronavirus pandemic continues to skyrocket, The Washington Post reported Sunday.
It’s unclear what number GOP lawmakers will land on, but the Post report, citing aides, said $200 per week appeared to be more likely.
The issue of extending the increase in unemployment benefits is seen as one of the big sticking points as Congress seeks to reach a deal on a new coronavirus relief package in the coming weeks.
A number of Republicans have voiced opposition to the $600 per week increase given concerns about the deficit and that it would leave some workers gaining more money through benefits than they would through work. Some GOP lawmakers said the benefits would as a result serve as a disincentive to people returning to work. Democrats assert that more money boosts the amount of spending in the economy.
Senate Majority Leader Mitch McConnell (R-Ky.) is expected to release a new package, estimated to reach $1 trillion, this week. The House has already approved a $3 trillion package that extends the $600 per week increase, which is set to expire at the end of the month.
The weekly payment will rely on how much of the Senate stimulus bill is dedicated to unemployment benefits.
GOP senators have considered spending between $200 billion and $300 billion on these benefits through the end of 2020, a source told the Post. This would be much less than $400 billion, the chttps://thehill.com/policy/finance/508014-gop-looks-at-reducing-unemployment-plus-up-to-at-most-400-per-week-reportost of extending the $600 per week increase….
I hope Pelosi holds out against this….
President Trump said Sunday that he would consider not signing an upcoming coronavirus relief package if it doesn’t include a payroll tax cut.
“I’ll have to see, but yeah, I would consider not signing it if we don’t have a payroll tax cut,” Trump told Fox News’s Chris Wallace in an interview that aired Sunday.
The president insisted that “a lot of Republicans” are in favor of a payroll tax holiday, though some Republicans have been cool to the proposal since Trump floated it earlier this year. Democrats have opposed the idea of a payroll tax cut.
Trump has previously said he wants to see a payroll tax cut in the next coronavirus relief bill, and the White House suggested last week that the measure was non-negotiable.
“As he has done since the beginning of this pandemic, President Trump wants to provide relief to hardworking Americans who have been impacted by this virus and one way of doing that is with a payroll tax holiday,” White House spokesman Judd Deere said in a statement Thursday. “He’s called on Congress to pass this before and he believes it must be part of any phase four package.”…