Coronavirus Checks and Economic Stimulus,
The House voted and approved $2,000 coronavirus stimulus checks to most American taxpayers today. Two hundred thirty-one Democrats joined forty-four Republicans to tweak the nearly $1 trillion stimulus package signed into law by President Trump. Two Democrats, two independents, and 130 Republicans voted against the measure.
The bill now heads to the Senate where Majority Leader Mitch Mcconnell will be on the hot seat to approve the $2k coronavirus checks.
The increase from $600 to $2,000 in coronavirus checks is due to President Trump’s effort to give Americans more substantial assistance during the coronavirus pandemic.
Last night, he signed the stimulus using the ‘Impoundment Control Act of 1974’:
President Trump signed the $2.3 trillion COVID-19 relief and government funding bill that includes $600 stimulus checks for most Americans. The interesting thing is he has invoked the ‘Impoundment Control Act of 1974’ that allows changes to the bill, including increasing payments from $600 to $2,000
The nearly 5,600-page bill passed the House and Senate a few hours after its text was released. You can bet not one person in Congress even read the bill.
The bill authorizes direct checks of $600 for people earning up to $75,000 per year, and people who make over $95,000 get nothing.
Trump says he's signing the stimulus bill "with a strong message that makes clear to Congress that wasteful items need to be removed."
"I will send back to Congress a redlined version, item by item… insisting that those funds be removed from the bill." pic.twitter.com/mBwNihEIvs
— Andrew Solender (@AndrewSolender) December 28, 2020
President Trump said via a statement released that Congress would vote tomorrow on a separate bill to “increase payments to individuals from $600 to $2,000.”
The bill creates a new $300 weekly unemployment supplement and replenishes a forgivable loan program for small businesses. It also creates new criminal penalties, including prison time for violating copyright laws with online streaming.
The bill is still disappointing because of the billions in pork, including foreign aid. President Trump is sending a stern recommendation that Congress must omit the foreign giveaways:
Trump says he’s signing the stimulus bill “with a strong message that makes clear to Congress that wasteful items need to be removed.” “I will send back to Congress a redlined version, item by item… insisting that those funds be removed from the bill.”
The left is saying Congress doesn’t have to change anything President Trump has requested, so we’ll see how this plays out.