House passed a $2.2 trillion Democratic coronavirus stimulus bill

House passed a $2.2 trillion Democratic coronavirus stimulus bill

While House Democrats and White House officials still struggle to reach a deal regarding a new relief bill, the House passed a $ 2.2 trillion coronavirus stimulus plan on Thursday night.

The bill, that was approved in a 214-207 vote, will likely not get through the Republican-held Senate and become law for GOP members resist spending trillions more on the federal response to the pandemic. 

The vote came after a Thursday conversation between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin in which they did not reach a deal but agreed to continue talks.

Though they have agreed on various topics,  they failed to iron out differences over issues such as how much aid to send state and local governments and whether to establish a liability shield for businesses and schools. 

According to CNBC, Pelosi indicated that talks with Mnuchin this week offered the last, best chance to approve more relief before the Nov. 3 election.

If the Democratic bill were approved it would:

• Reinstate the $600 per week enhanced unemployment benefit through January

• Send a second $1,200 direct payment to most Americans 

• Give $436 billion in relief over one year to state and local governments 

• Authorize more money for a second round of Paycheck Protection Program loans for the hardest-hit businesses and industries 

• Send $25 billion to airlines to cover payroll costs 

• Inject $75 billion into Covid-19 testing and contact tracing efforts

• Put $225 billion into education and $57 billion into child care 

• Set aside billions for rental and mortgage assistance

The White House countered the Democrats’ proposal on Wednesday with a $1.6 trillion proposal, NBC News reported. 

The Trump administration’s counterofferl includes $250 billion for state and local government relief, $400 per week in extra unemployment benefits, $150 billion for education, $75 billion for Covid-19 testing and contact tracing, and $60 billion for rental and mortgage assistance, according to NBC. 

It remains to be seen if both sides are able to reach a bipartisan compromise bill that may obtain Republican votes in the Senate as well.
 

Related Articles

More News

More News