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coronavirus stimulus

President Donald Trump has urged Congress to amend a $900 billion coronavirus relief bill to more than triple its stimulus payments to Americans.

In a video message posted on Twitter, the president said the package “really is a disgrace”, full of “wasteful” items.

He said: “It’s called the Covid relief bill, but it has almost nothing to do with Covid.”

The $900 billion bill includes one-off $600 payments to most Americans, but President Trump said the figure should be $2,000.

Republicans and Democrats have been negotiating a coronavirus stimulus rescue package since July and President Trump – who has largely stayed out of the talks – had been expected to sign the legislation into law following its passage through Congress on December 21.

The package of measures is linked to a bigger government spending bill, which includes foreign aid funding as well as a $1.4 trillion spending measure to fund federal agencies for the next nine months. Those agencies will have to shut if the president vetoes or refuses to sign it by midnight on December 28.

Most legislation that comes from Congress requires the approval of the president before becoming law. If the president rejects this bill, it would require at least a two-thirds majority in each chamber – the House of Representatives and the Senate – to override the veto.

However, President Trump has not specifically said he would veto the bill.

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While Congress has overridden fewer than 10% of all presidential vetoes, media say there could be enough votes from both Democrats and Republicans in Congress to do so in this instance.

In December 22 message from the White House, President Trump baulked at spending in the bill on other countries, arguing that this money should go to struggling Americans.

He said: “This bill contains $85.5 million for assistance to Cambodia, $134 million to Burma, $1.3 billion for Egypt and the Egyptian military, which will go out and buy almost exclusively Russian military equipment, $25 million for democracy and gender programs in Pakistan, $505 million to Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.”

President Trump questioned why the Kennedy Center, a performing arts complex in Washington DC, was set to receive $40 million when it is not open, and more than $1 billion has been allocated to museums and galleries in the capital.

He concluded: “Congress found plenty of money for foreign countries, lobbyists and special interests, while sending the bare minimum to the American people who need it. It wasn’t their fault. It was China’s fault.

“I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000 or $4,000 for a couple.

“I’m also asking Congress to immediately get rid of the wasteful and unnecessary items from this legislation and to send me a suitable bill, or else the next administration will have to deliver a Covid relief package.”

On December 21, congressional leaders unveiled a 5,593-page package and voted on it several hours later.

Several lawmakers protested that they had not been given an opportunity to read the contents.

Nevertheless the bill sailed through the House of Representatives by 359-53 and the Senate by 92-6.

Image source Wikipedia

Treasury Secretary Steven Mnuchin has announced that he supports sending money directly to Americans as part of a $1 trillion stimulus aimed at averting an economic crisis caused by the coronavirus.

He said: “We’re looking at sending cheques to Americans immediately.”

The $250 billion in cheques are part of a huge aid package which the White House is discussing with Congress.

The move follows widespread school and store closures as the number of coronavirus cases in the US passes 5,200 people.

The US has been debating how to provide relief as activity grinds to a halt in response to curfews and other measures intended to slow the spread of the virus.

Details such as the size of the cheques, and who would qualify for them, are still under discussion.

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A $1 trillion aid package would be larger than the US response to the 2008 financial crisis, amounting to nearly a quarter of what the federal government spent last year.

In addition to the $250 billion in cheques for families, the plan includes a bailout for airlines and hotels, among other measures. The proposal must be approved by Congress to move forward.

Separate from the $1 trillion package, Steve Mnuchin said the government would also allow companies and individuals to delay their tax payments for 90 days.

He said: “We look forward to having bipartisan support to pass this legislation very quickly.”

President Donald Trump initially proposed a payroll tax cut, which would reduce the money the government automatically withholds from worker pay to pay for social programs.

However, critics said that relief would come too slowly and leave out those without jobs. Several high-profile economists had urged more direct assistance, including $1,000 payments, winning support from lawmakers such as Republican Senator Mitt Romney.

President Trump said he had come round to the view that faster, more direct relief is necessary.

He said: “With this invisible enemy, we don’t want people losing their jobs and not having money to live.”

The president added that he wanted to target the relief to those who need it.

Steven Mnuchin said he hoped to send the cheques within two weeks.

He said: “Americans need cash now and the president wants to give cash now and I mean now, in the next two weeks.”