House Dems have a $1.2 trillion dollar relief package:
The state of play: Democrats have crafted a $1.2 trillion+ package without input from the White House or Hill Republicans, congressional aides familiar with their plans tell Axios.
- GOP leadership says it’s still waiting for billions of aid allocated in the first $2.2 trillion CARES Act to go out the door.
- The White House says it wants to evaluate the economic impact of reopening before passing another large stimulus package.
But House Democrats see the proposal as a way to lay down a marker of their priorities and prod congressional Republicans and the White House toward more economic relief for individuals, state and local governments, and the U.S. Postal Service.
- Roughly $1 trillion for state and local governments. They want to split this money into separate revenue streams to ensure each community can access it.
- More money for hospitals and COVID-19 testing.
- Roughly $25 billion to keep the U.S. Postal Service afloat.
- Expanded nutritional benefits, Medicaid funding and unemployment insurance.
- Another round of direct payments to Americans.
OK, but those Republican firebrands have counterprorposals even more economically populist than “if your employers make you sick, you can’t sue them”:
Some White House officials have gone as far as exploring policies such as automatic spending cuts as the economy improves, or prepaying Social Security benefits to workers before they become eligible, although these measures are unlikely to advance given the political stakes, said these officials and advisers, who spoke on the condition of anonymity because of the sensitivity of internal deliberations.
Drat, OUTFLANKED again! I’m writing in Bob Avakian this November.