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Sunday, December 6, 2020

Gop Covid 19 Stimulus Package: Why Republicans Are Putting It On Hold

Senate majority leader Mitch McConnell plans to put a relatively ‘skinny’ CORONAVIRUS stimulus bill on the table on Monday in Washington. The bill is in sharp contrast to a much bigger second round package of $1200 direct payments is held for later by President Donald Trump shows the difference between not only Democrats and Republicans also in their leadership.

On Monday, when Mitch McConnell presents the bill, it will be emblematic. On the other hand, Democrats have already shown their disinterest by saying that such a smaller package will be of no good in coronavirus relief. Last month democrats procrastinated a GOP drafted a bill in the senate that did not include second-round payments to Americans, also recent negotiations on a significant spending deal of $1.8 to $2.2 trillion between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi, haven’t reached to an agreement.

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In an interview with CNBC on Wednesday Mnuchin said that the COVID relief bill announcement before an election can create problems and complexities. Mnuchin quoted, “At this point, getting something done before the election and executing on that will be difficult.” He also added that “Let’s not wait for the big bang where everything is perfect. I don’t agree with the Speaker’s approach of we have to do all or nothing. We are continuing to negotiate a comprehensive bill, but we want to put money into the economy now.” President Trump to NBC has said that Republicans “will agree with it. They’ll go, I haven’t asked them to because I can’t get through Nancy Pelosi.”

stimulus package
stimulus package

Although right now, it does seem likely that GOP senators are willing to “go”. The Republican leadership seems to have no interest in a bill larger than $500 billion, which they will be presenting next week. Political resources suppose that the GOP is trying to cut on a large spending bill before the senate control is put in the hand of voters with Pelosi. Regarding these pundits questioned would Pelosi pull a deal with Republicans three weeks before the elections.

If Trump was able to distribute a second round of relief checks, they can benefit by using it in their favor just before people are heading to the polls. Pelosi, in a letter to Democrats, claimed that Democrats have more power than ever on the bill to defend her position. While there is a risk of being empty-handed until next year. Talks on the second round of relief sparked in July vanished in August and again rose last month. Republicans are hedging to offer a smaller aid that would help other party members to brag about it.

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Democrats seem to believe that Joe Biden has been convincing Pelosi to cut a lesser amount of relief aid at present so that Americans do not have to wait until next year. In response, Pelosi criticized the senate’s latest offer. The whole situation seems like a ‘tug of war’ to turn the Bill in their favor.

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