Trump will NOT get his payroll tax cut. or few other things either…
There WILL be an extension of the additional jobless benefits which run out in less than a week and half….
There will be a second round of stimulus checks…
This ‘agreement’ has to go back to House Speaker Pelosi for House approval.…
There WILL BE changes in the final bill Trump will sign…
The White House and Senate Republicans on Thursday reached a “fundamental agreement” on a coronavirus package, according to a top negotiator.
Treasury Secretary Steven Mnuchin — after a meeting with Senate Majority Leader Mitch McConnell (R-Ky.) and White House chief of staff Mark Meadows — said staff were now trying to finalize text of the agreement, which is expected to be released as a group of bills instead of one piece of legislation.
“We just had a very productive discussion with the leader. We do have a fundamental agreement between the White House and the Republicans in the Senate,” Mnuchin told reporters.
Asked what the outstanding sticking points were, Mnuchin pointed to needing to finalize and sign off on text.
“This is obviously is complicated stuff. The teams worked late into last night. We’re going to go back and review language this morning, whether it gets introduced today or not, we’re still looking at the timing. But again, we have a fundamental agreement, we’re just now going through language,” Mnuchin said.
The top line of the bill, according to Meadows, will still be around $1 trillion, a cap that both McConnell and the White House had sought to impose on the opening Republican offer amid angst within their caucus about the impact the roughly $3 trillion already appropriated by Congress could have on the country’s debt.
“We’ve made very good progress with our Republican colleagues. … If you look at a very comprehensive bill where you’re spending $1 trillion, there’s a number of legislative initiatives that we’ve got to go through, line by line,” Meadows told reporters.
Negotiators are running up against a tight timeframe. Beefed up unemployment benefits are expected to expire next week and lawmakers need to get a deal before they leave for the August break. The Senate is scheduled to leave on August 7, leaving them roughly two weeks to get an agreement….
Note…
This bill is a effort by US Senate Republicans to move things back to the middle and way from Trump’s ‘seat of the pants’ wishes…
This is Trump eating shit from his own people and trying to drop it on Obama….
Donald J. Trump
@realDonaldTrump
The Democrats have stated strongly that they won’t approve a Payroll Tax Cut (too bad!). It would be great for workers. The Republicans, therefore, didn’t want to ask for it. Dems, as usual, are hurting the working men and women of our Country!
Even when a Republican package is finally unveiled, it amounts only to an opening bid for bipartisan negotiations, as GOP lawmakers have readily acknowledged. And as they awaited the legislation Thursday, Democratic leaders made clear they would insist on a major rewrite….
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