House Democrats released a mammoth $3 trillion relief package to blunt the economic fallout of the coronavirus outbreak that has shuttered much of the U.S. for two months
to respond to the coronavirus crisis, despite complaints from progressives that the bill doesn’t go far enough.
Jayapal pushed hard for inclusion of the “Paycheck Guarantee” program in the new bill, but Ways and Means Committee Chairman Richard Neal turned it down, saying the proposal is too costly and complicated. The Jayapal plan — which is backed by more than 60 House Democrats — has a price tag of more than $600 billion for six months. Neal instead supported an extension of the “Employee Retention Tax Credit” backed by Democratic moderates, which still costs more than $200 billion.
"This is not going to be the last word nor the final word as we go forward. And her proposal is certainly under great discussion,” Hoyer said. "We want all members to support this legislation with that provision in or out.” However, Pelosi also cautioned members on a Tuesday call that some would be “disappointed” by what was left out of the bill. Pelosi said she and her committee chairs had initially assembled $4 trillion worth of policy proposals, but were forced to winnow it down during final drafting.
Pelosi and her deputies hope it will pressure Senate GOP leaders into negotiations on a next package, even as McConnell has said Congress should hit “pause” until lawmakers can determine the success of its previous bills.
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