enero 25, 2021

We Will See a New Stimulus Check

En veremos nuevo cheque de estímulo New Stimulus Check


Newsroom El Comercio de Colorado

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Faced with the persistent force of the coronavirus in the US, Republicans and Democrats are negotiating a second fiscal stimulus package after the first was approved in March. This disparity between Republicans and Democrats only signals to an extensive negotiation however. “Unfortunately, we still need more time to decide how to move forward, but I am optimistic that we will have a good solution in the end,” said Chuck Schumer, leader of the Democratic minority in the Senate.

Republicans, with a majority in the Senate, presented a stimulus proposal valued at $1 trillion, which is well below the Democratic plan, estimated at $3 trillion and that is already rejected by conservatives. Democratic leader and Speaker of the House Nancy Pelosi will meet again in Congress along with Schumer, Treasury Secretary Steven Mnuchin, and White House chief of staff Mark Meadows.

Mutual Criticism

Conservatives, backed by President Donald Trump, propose reducing the weekly unemployment benefit from $600 to $200 through September and gradually increasing it to a maximum of $500 per week thereafter. From the White House, conservatives and the private sector have been criticized based on the fact that the subsidy reinforcement means some unemployed Americans will receive more money for being home than for returning to work.

Additionally, Republicans would also include a new round of $1,200 checks for all legal residents of the country and various aid packages for schools, businesses, and health insurance. The measure does not contain aid money for state and local governments, a demand from Democrats. Also, there will be no benefits for mixed households. “We have other priorities that we want to see in the legislation. They are not really ready for serious negotiation,” said Pelosi.

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