Zack Guzmán Profile picture
Founder & Host @Coinage_media building onchain media @Trustless_media | Past: @YahooFinance @CNBC & @Harvard | $PLYBTN ▶️

Mar 26, 2020, 7 tweets

BREAKING: Final 880-page text of the Senate's $2 trillion bill H.R. 748 (CARES Act) as the vote heads to the floor

assets.documentcloud.org/documents/2005…

First up, the vote on the so-called Sasse amendment to address concerns that some Americans would be getting paid more in unemployment benefits to not work than to work

BREAKING: The Sasse amendment to the $2 trillion coronavirus stimulus bill, which sought to correct the fact that some Americans might get paid more per hour to not work ($24/hr) than to work, needs 60 votes and is off to a hot start

I understand that people respond rationally to economic incentives, but the idea that workers might quit a job to take higher pay in unemployment or never seek one again just seems short sighted especially if you're entering a period of prolonged unemployment

I could be wrong

If this bill were truly about backstopping Americans most hard hit by the economic shutdown, I do wonder why we're having this vote

It is a "stimulus" bill which includes sending $1,200 to Americans, after all

Oh wow, Sen. Cory Gardner (R-CO) votes no on the Sasse Amendment

Sen. Richard Burr (R- NC) votes Yes on the Sasse Amendment.

Unclear if he sold any stocks ahead of this vote

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