(UnitedVoice.com) – The White House and Democrats seem to agree on only one thing these days: COVID-19 has to be defeated. In the meantime, how to help Americans, rebuild the economy, and protect against a massively growing federal debt is hotly contested. Democrats don’t seem interested in negotiating down from their $3 trillion HEROES Act and appear willing to hold Americans and the economy hostage to get it.
So, what’s the main sticking point?
“We have to balance,” Treasury Sec. Mnuchin says amid partisan stalemate over COVID-19 relief.
“There’s obviously a need to support workers, support the economy … on the other hand, we have to be careful about not piling on enormous amounts of debt.” https://t.co/HNQgCe39RN pic.twitter.com/zFq4jmj2RF
— This Week (@ThisWeekABC) August 2, 2020
Democrats want to extend the $600-per-week federal enhanced unemployment benefit through the remainder of the year. Republicans agree some money should be provided, but not so much that people make more money on unemployment than they do working. They’re offering $200 per week. The White House has agreed to extend the full $600 temporarily to allow for negotiations. However, Democrats say that isn’t good enough and, to this point, refuse to negotiate.
On Sunday morning, House Speaker Nancy Pelosi (D-CA) curiously said President Trump was getting in the way of a deal. She further put words in the mouths of Republicans by accusing them of suggesting people are just staying home to get free money. Moments later, Treasury Secretary Steven Mnuchin said there’s a serious need to help workers and the economy. However, he stressed they must balance the need without saddling the country with massive amounts of new debt. White House Chief of Staff Mark Meadows said on CBS’ “Face the Nation” he was not optimistic a deal would be struck soon. However, the chief of staff added they would be negotiating every day until a compromise is achieved.
Both sides seem to agree on another $1,200 direct cash payment identical to what was sent in April. Mnuchin said checks would be sent quicker this time around. He said it could happen as quickly as a week after the legislation is signed into law.
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