President Donald Trump is throwing a broad key in negotiations between the White House and Senate Republicans on the next coronavirus relief bill by requiring that a portion be included in payroll taxes and that investment be verified to be reduced or fully reduced. As they left meetings on Capitol Hill Monday night, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows said the payroll tax cut was part of the bill that had not yet been published, while Republican senators said they didn’t think it was wise politics
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Even through the 2020 standards, it’s pretty crazy. As NBC News reports indicate, Trump specializes in tax relief, which, as we distrusted last week, is a stupid technique in economic times, and reduces investment in coronavirus testing, which is crazy in the middle of the pandemic.
An important sincere friend, the president’s fixation on those misconceptions has divided his party, leaving Republican officials without a plan. Eventually, supreme friend, Republican leaders will probably find something among themselves, but that would provoke negotiations, which have not begun, with the Democratic majority in the House.
And the talks are commonly far more challenging than the early rounds of negotiations on coronavirus systems in the spring, a particularly important friend as Democrats pledged to better unemployment benefits, elements of the CARES bill that Republicans are desperate to move forward. Back.
Democrats are also desperate for state and local governments, while Republican officials oppose such funding.
I’m not going to pretend it’s going to happen, but the timing is of specific importance right now. The general lack of prestige is that the benefits of careS law expire at the end of July, suggesting that policymakers have something for this week and next. A closer look, however, monitors a more compressed schedule.
As Paul Krugguy of the New York Times explained in a new column, the weekly supplement of $60 for uns hired “only applies to weeks of benefits ending” on or before July 31.” July 31 is a Friday. State unemployment benefits regularly end on Saturdays or Sundays. Therefore, the supplement will end in the maximum countries on July 2 or 26, and millions of employees will see their income drop by 60% or more in more than a day. from now on.”
In addition, an NBC News report added yesterday: “In the absence of a nationwide moratorium on evictions, maximum protections have been installed at the post at the state and local level, and it has expired at a post or will expire in more than a week. A federal law banning house evictions served through mortgages financed by best friends expires on Saturday.”
That’s this Saturday — which is to say, the eviction moratorium for federally backed mortgages ends this week, shortly before enhanced unemployment benefits expire.
Is itimaginable for Republicans to agree on a plan, contribute to negotiations with Democrats, and celebrate as a valid bipartisan plan that will meet in more than a day? I think anything is imaginable, however, given the demands of the White House, there is no explanation why to be optimistic.
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