WASHINGTON-Senate Republicans released new details Monday of their proposal for about $618 billion in aid for coronaviruses, including a series of direct checks of $1,000 per adult, before a meeting with President Biden later in the day.
The GOP proposal, which is about a third larger than Biden’s $1.9 trillion plan, would provide $300 a week in extended federal unemployment benefits through June, including $20 billion for child care and schools, $50 billion for small business support and $160 billion for vaccines, testing equipment and protection, according to a question summary on the proposal released Monday morning.
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A group of 10 Republicans sent a letter to Biden on Sunday asking for a meeting to try to find a bipartisan compromise as Democrats are about to move forward this week with a process that would allow them to accept a larger aid package without Republican support. The White House said Sunday night that Biden will meet with the GOP team Monday night.
Mr. Speaker, we recognize your call for unity and we want to work in good faith with your government to address the health, economic and social challenges of the Covid crisis, said a group of senators led by
Senator Susan Collins
(R., Maine) said Monday.
Republicans left out some of the most controversial measures in Biden’s proposal, including funding state and local governments and raising the minimum wage to $15 an hour.
President Biden signed two executive orders to provide more assistance in the event of pandemics, including more food aid and better protection for workers. Photo: Ken Cedeno/Pool/Shutterstock
The GOP’s plan also proposes lowering the check required by Democrats from $1,400 per person to $1,000 per adult and $500 per adult and dependent child. Republicans call for a reduction in checks for people with annual incomes of $40,000 or more, and the complete elimination of checks when income reaches $50,000. Couples with a combined annual income of $80,000 receive lower checks that reset to zero when income reaches $100,000. The plan does not include phase-out rules for households with children.
Mr. Biden’s proposal did not specify at what amount of revenue the checks would be reduced, and officials said they were open to discussion. But the starting points – $1,400 per person for Democrats, $1,000 per adult and $500 per dependent for Republicans – are very different.
These offers mean that a couple with two children can receive up to $5,600. Republicans estimate their control proposal at $220 billion. The House of Representatives approved the Democrats’ plan in December for less than half the cost.
Democrats have said they don’t want to lose sight of important elements of Biden’s proposal and that they risk undermining the recovery if they don’t invest enough money to address health care and economic crises.
With the virus posing a serious threat to the country and the economic conditions grim for many, there is an urgent need for action and widespread action, the White House press secretary said.
said in a statement Sunday night.
The Republican plan deletes Biden’s proposal to increase the child tax credit. The plan includes a $2,000 increase in the tax credit. The amount of the child’s income is capped at $3,000 per child. The total cost of the project is $13,000 per year, or $3,600 per year. This would allow even the lowest income earners full access to credit. Democrats have called this proposal an important step in reducing child poverty.
The BOP plan also provides for a less generous expansion of unemployment insurance. Instead of offering $400 per week from September to September, with the possibility of additional assistance if economic conditions warrant it, the Republicans are offering $300 per week from June to June.
Senator Pat Toomey
(R., Pa.) said Monday morning that he had not yet seen the details of the administration’s counterproposal, but that he thinks additional spending on top of the $4 trillion approved by Congress last year is a bad idea.
I think it’s a lot more than what we just did, Toomey told CNBC, pointing out that Congress just passed about $900 billion in December, including money for small businesses, extra help for the unemployed and stimulus checks. In fact, most of the money hasn’t even been spent yet, he said. I don’t think there’s any good reason to do it again.
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