Democrats warn that one or two direct payments to Americans won’t be enough
Economic Policy,Economy And Jobs,Banking And Finance,Democratic Party,Donald Trump,Coronavirus
As Congress tries to hash out a stimulus package potentially worth more than $1 trillion, Democrats are gearing up for a fight over whether direct payments to Americans struggling with the economic fallout of the coronavirus pandemic will be enough.
Senate Minority Leader Chuck Schumer is among those arguing for expanded unemployment insurance as a source of relief.
“A single $1,000 check would help someone pay their landlord in March but what happens after that?” the New York Democrat said on the chamber floor Wednesday. “A thousand dollars goes by pretty quickly if you’re unemployed. In contrast, expanded unemployment insurance — beefed-up unemployment insurance — covers you for a much longer time and would provide a much bigger safety net.”
An aide for Schumer did not immediately answer whether the senator opposed to the concept of direct payments entirely, or just the form currently outlined.