Trump Finally Signs Stimulus, Spending Bills

Days after teasing a possible veto of both bills, US President Donald Trump on Sunday finally signed a massive coronavirus relief and government funding package into law.

Trump had earlier refused to approve the legislation after receiving it, a  delay that caused an estimated 14 million people to temporarily lose unemployment insurance when a Saturday deadline passed. The bill Trump eventually signed extends the expanded jobless benefits into March, but millions of people are now expected to lose a week of benefits due to the President’s delay in signing the bill.

Trump’s timely assent to the spending bill prevented a shutdown of the government that was expected for Tuesday.

In refusing an early assent, the president had called the bill a “disgrace”, just after a bipartisan vote in the US Congress approved it following talks which included a Trump appointee, Treasury Secretary Steven Mnuchin. The President claimed he opposed the bill because it included $600 rather than $2,000 direct payments to most Americans, and also due to the fact that the $1.4 trillion government spending portion of the package included foreign aid money. The president’s own White House has included those funds in its budgets.

After Trump expressed support for larger checks, Democrats embraced his stance. The Democratic-held House plans to vote on a measure to increase the payments to $2,000 on Monday, hours after Trump finally signed the aid measure.

President Trump, in a statement he issued on Sunday, said the Senate would also “start the process for a vote that increases checks to $2,000.” Senate Majority Leader Mitch McConnell, in a separate statement welcoming Trump’s signing of the Stimulus bill, failed to mention any plans to take up the legislation if the House passes it. Most members of the Kentucky Republican’s caucus have opposed larger direct payments.

The president also said he will send Congress a “formal rescission request” asking for what he called “wasteful items” to be removed from the bill. Lawmakers may not cancel the previously approved money, as the legislation passed both chambers of Congress with overwhelming bipartisan support.

The White House had signaled for weeks that Trump would sign whatever pandemic aid bill the divided Congress passed into law. His threat to oppose the legislation shocked Capitol Hill and sent Americans scrambling to adjust their plans.

Airlines, for instance, had moved to bring employees back with $15 billion in payroll assistance included in the bill.

Many economists and lawmakers have called the $900 billion coronavirus relief package inadequate. Still, it will send needed help to many in the country as the virus impairs its health-care system and economy.

The measure adds a $300 per week federal unemployment supplement through mid-March. It temporarily expands programs that made freelance and gig workers eligible for jobless benefits and added to the number of weeks jobless Americans can receive aid.

The measure also sends $600 direct payments to most individuals, and adds $600 for every child. The legislation includes another round of small business assistance, most of which comes from $284 billion in forgivable Paycheck Protection Program loans.

It puts nearly $30 billion into distributing Covid-19 vaccines and ensuring Americans can get shots for free. The measure also directs more than $20 billion to state Covid-19 testing and contact tracing efforts.

Along with extending the eviction moratorium, it puts $25 billion into rental assistance. The airline payroll assistance is part of more than $45 billion in transportation relief.

The package also directs $82 billion to K-12 and higher education.

Democrats have said they will quickly push for another relief bill, headlined by direct payments and state and local government aid, after President-elect Joe Biden takes office on Jan. 20. Their ability to pass a bill will in part depend on whether Republicans keep control of the Senate in two Jan. 5 runoffs in Georgia.

 

Leave a Reply

Specify Facebook App ID and Secret in the Super Socializer > Social Login section in the admin panel for Facebook Login to work

Specify Instagram App ID and Instagram App Secret in the Super Socializer > Social Login section in the admin panel for Instagram Login to work

Your email address will not be published. Required fields are marked *