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BREAKING: Nancy Pelosi DELAYS Vote on China Flu Stimulus Package Until Tomorrow UPDATE: Now It’s Friday!

Her Quixotic Quest to Derail Trump Continues

UPDATE: Nancy Pelosi stated that the soonest they will bring up the bill in the House of Representatives will be Friday

Here we go again:

The House will give final approval Friday to the massive $2.2 trillion economic rescue bill with robust backing from both parties, Speaker Nancy Pelosi said, a vote that would cap Congress’ tumultuous effort to rush the relief to a nation battered by the coronavirus.

Pelosi spoke Thursday morning, just hours after the Senate used an overnight vote to approve the measure 96-0. With House members dispersed around the country, Pelosi and Republican leaders were planning to bless the measure by a voice vote, probably with just a sprinkling of lawmakers present in the chamber.

“It will pass with strong bipartisan support,” said Pelosi, D-Calif. President Donald Trump has implored lawmakers to finish with the package so he can sign it into law.

Nancy Pelosi has just announced she will be holding up the aid package for yet another day in hopes of figuring out how best to wreck the economy now that Senate Democrats have surrendered and the hopes of anti-American progressives falls to her:

She said to reporters earlier today that “House Democrats will now review the final provisions and legislative text of the agreement,” and will schedule a vote, likely sometime tomorrow after today’s two minute session in the House of Representatives.

Unfortunately for Democrat activists, reports from Pelosi’s allies have stated that this will be likely passed in the House via a voice vote, likely to shield members from accountability to their socialist constituents who have been demanding many parts of the Green New Deal and other left wing policy initiatives be included as part of the package.

Steve Scalise stated that Republicans have been able to stave off this avalanche of left wing ideas from getting into the bill:

Meanwhile the Senate seems to be having its own problems in their rush to pass the bill that is the most massive stimulus to the American economy ever with its 2 billion dollar price tag.

A roadblock to speedy passage is the worry that the Federal government might incentivize layoffs in the coming days with this bill. Senators Lindsey Graham and Tim Scott of South Carolina, as well as Ben Sasse of Nebraska, have brought this to light and have threatened to delay the fast tracking of the bill until this is fixed:

UPDATE: Graham, Scott, and Sasse are Complaining about Temporary Unemployment Benefits

Except what these Senators are referring to is the temporary increase in unemployment benefits for those who are laid off through forced shutdowns of businesses or through economic fallout from the government actions to control the China flu:

Unemployment benefits are only paid out if you lost your job for reasons that are not his or her own fault. You won’t be getting unemployment if you quit. Apparently we need to have a talk with these Senators and tell them to go sit in the corner with their dunce hats.

While we wait for the final bill text, this is what is being said is in the bill from negotiations over the last several days:

Under the plan as it was being negotiated, individuals who earn $75,000 in adjusted gross income or less would get direct payments of $1,200 each, with married couples earning up to $150,000 receiving $2,400 — and an additional $500 per each child. The payment would scale down by income, phasing out entirely at $99,000 for singles and $198,000 for couples without children.
While the final bill text hasn’t been released, some of the areas have been debated behind closed doors for days. There was intense partisan debate over the $500 billion proposal to provide loans to distressed companies, with $50 billion in loans for passenger air carriers. Democrats contended there was not enough oversight on how the money would be doled out, but the Trump administration agreed to an oversight board and the creation of an inspector general position to review how the money is spent.
Negotiators also discussed providing four months of unemployment benefits, extending to self-employed workers. Also, the bill would ensure the Small Business Administration could serve as a guarantor for loans of up to $10 billion for small businesses to ensure they can maintain their payrolls and pay off their debts.
In addition, the bill would provide a major amount of funding for hard-hit hospitals — $130 billion — as well as $150 billion for state and local governments that are cash-strapped due to their response to combat coronavirus.

 
NWC

Written by NWC

World class hater of the United States Political Establishment and their globalism fetishes, especially unfettered immigration.

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Lindsey Graham Says Increasing Unemployment Benefits to Unemployed Because of Stay At Home Orders is the “Worst Idea I’ve Seen”