#VirusVote: Senate fails to advance phase 3 #coronavirus stimulus bill 47-47, after Democrats opposed Big business bailout money, with limited relief for working families.
After vote @senatemajldr blasts @SpeakerPelosi for blowing up deal last minute
After vote @senatemajldr blasts @SpeakerPelosi for blowing up deal last minute
Language for Senate Dems denied 60 votes for GOP bill to pass
• 1 time check of $1,200 to those earning up to $75K/year; $0 for those earning above $99K
•$150K for couples in that bracket
•$500 per each child
•Verified by 2018 or 2019 tax filing
• 1 time check of $1,200 to those earning up to $75K/year; $0 for those earning above $99K
•$150K for couples in that bracket
•$500 per each child
•Verified by 2018 or 2019 tax filing
Big business bailouts were strongly opposed by Democrats
The Senate Republican bill allows the govt to take stock equity from companies that accept loans
The Senate Republican bill allows the govt to take stock equity from companies that accept loans
A major sticking point is a $500B pool of money for loans and loan guarantees that GOP want to create, which some Dems are labeling a “slush fund” because the Treasury Dept would have broad discretion over who receives the money.
#New: @senatemajldr schedules 9:45a EST Re-Vote on Sunday night's failed #coronavirus stimulus bill. Acknowledges it will take place just after markets open, and that it will take place whether both parties come to an agreement or not.
@senatemajldr: "Our nation cannot afford this game of chicken. We cannot afford the cynical partisanship."
