Senate Republicans are set to release their coronavirus relief proposal this afternoon, setting off what could be weeks of political battles with Dems over unemployment insurance, state and local aid, and liability protection for businesses and schools
Senate Republicans are set to release their coronavirus relief proposal Monday afternoon, setting off what could be weeks of political battles with Democrats over unemployment insurance, state and local aid and liability protection for businesses and schools as the pandemic continues to batter the U.S. economy.
The Senate GOP proposal — backed by the White House — is expected to call for the reduction in boosted unemployment benefits from $600 to $200 per week for a 60-day period, or until states are able to provide a 70 percent wage replacement, according to sources on a call with GOP staff. This prospective change had been floated by the White House last week, although there have been concerns whether state unemployment agencies could handle the revisions.
$600 boost in unemployment benefits from the March CARES package began to expire over the weekend. Democrats are pushing to extend those benefits into next year. The upcoming release of the Senate GOP plan comes after Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows spent the weekend negotiating with Senate leadership staff to hammer out the final details.
While the first three major coronavirus relief packages passed Congress with large bipartisan majorities — despite some intense partisan wrangling — this round of discussions is going to be much more challenging. Democrats want to spend at least $2 trillionIn a sign that negotiations are going to be difficult from the start, Meadows and Mnuchin spent Sunday floating a piecemeal approach to the aid package.
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