Democrats Release Coronavirus Relief Bill

Democrats Release Coronavirus Relief Bill

Democrats Release Coronavirus Relief Bill

In addition, the bill calls for the extra $600 per week in unemployment benefits to be extended through January.

The package from the caucus of House Speaker Nancy Pelosi (D-Calif.) "is not something created to deal with reality, but created to deal with aspirations", Senate Majority Leader Mitch McConnell (R-Ky.) said during a press conference in Washington.

The so-called Heroes Act would provide almost $1 trillion for states, cities and tribal governments to avert layoffs and additional $200 billion in hazard pay for essential workers, according to a summary.

The Democrats' Heroes Act is built around almost $1 trillion for states, cities and tribal governments to avert layoffs, focused chiefly on $375 billion for smaller suburban and rural municipalities largely left out of earlier bills.

Democrats in the U.S. House of Representatives have released their coronavirus relief bill and hope to bring it to a vote as early as Friday.

The rules change would also provide for procedures so committees can conduct their business remotely, a move that will allow rank-and-file lawmakers to participate given that party leaders have been the ones leading the charge over Congress' legislative responses to the crisis so far. The IRS had said those expenses are not deductible if the loan is forgiven. Perhaps the most anticipated provisions in the new bill are those concerning a second round of stimulus checks. Another 25 percent of the remaining funds would go to nonprofits.

Under the new version, employers would get a tax credit worth up to $12,000 per employee per quarter, an increase of $5,000 per employee for the rest of the year.

Unemployed Americans could see their benefits expanded under the $3 trillion coronavirus rescue bill being proposed by House Democrats.

If passed, the bill would be the largest spending package in US history.

Though a House vote is likely Friday, the bill is expected to face opposition in the Senate.

House Speaker Nancy Pelosi of Calif., speaks during an interview with The Associated Press on Capitol Hill in Washington, Wednesday, May 13, 2020.

"To those who would suggest a pause, I would say the hunger doesn't take a pause, the rent doesn't take a pause", Pelosi said late Monday on MSNBC.

While Democrats argue the legislation would help cushion the economic blow of the coronavirus crisis, Republicans have already deemed the bill "dead on arrival". "And so we're going to insist on doing narrowly targeted legislation, if and when we do legislate again and we may well, that addresses the problems, the needs-and not the aspirations of the Democratic majority in the House". Senate Republicans are not planning to vote on any new relief until June, after a Memorial Day recess.

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