House Dems Introduce New $3 Trillion Stimulus Proposal
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From the Left
House Democrats push new round of stimulus checks in coronavirus billWASHINGTON — House Democratic leaders are pushing for another round of stimulus payments of up to $1,200 per person in new coronavirus relief legislation that's headed for a vote Friday.
The eligibility criteria in the HEROES Act are similar to those in the first round approved in late March, with some expansions.
The legislation would provide up to $1,200 in payments (or $2,400 for married couples), with an extra $1,200 per dependent up to a maximum of three.
The income thresholds are the same as in the CARES Act, with...
From the Left
GOP senators give Democrats’ $3T relief bill a cold shoulderWASHINGTON (AP) — House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package, a sweeping effort with $1 trillion for states and cities, “hazard pay” for essential workers and a new round of cash payments to individuals.
The House is expected to vote on the package as soon as Friday. But Senate Majority Leader Mitch McConnell has said there is no “urgency.” The Senate will wait until after Memorial Day to consider options.
“We must think big, for the people, now,” Pelosi said Tuesday from the speaker’s...
From the Right
Pelosi Includes Massive Tax Break For The Rich In New $3 Trillion Coronavirus Relief PackageSpeaker of the House Nancy Pelosi and House Democrats introduced Tuesday the text to their $3 trillion coronavirus relief package, which includes a massive tax break for the rich.
According to reports and the text, the “Heroes Act” gives $100,000 on average to people who make more than $1 million a year. The House Democrats’ 1,815-page package repeals the $10,000 state and local tax deduction (SALT) cap, which allows taxpayers in high-tax states to deduct local tax payments on federal tax returns.
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