Senator Schumer on failed coronavirus package: "it included a large corporate bailout provision, with no protections for workers and virtually no oversight. It also significantly cut back on the money our hospitals, our cities, our states..."
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It looks as if the Democratic Senators felt forced to block this package because it looked more like highway robbery by the rich & powerful than the needy population. What a shame for McConnell & Mnuchin.
"The most controversial element of the package — which Democrats have balked at — provides for up to $500bn that could be used to rescue large companies stricken by the coronavirus outbreak, in addition to $50bn set aside to help the airline industry."
“The overall view is that they want to create a slush fund for giant corporations. No help for employees and no help for the hospitals, and that cannot be where we are,” said Elizabeth Warren.
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"Democrats have been looking for assurances that the companies receiving government help would not be able to buy back stock, and would restrict executive compensation. They also objected to a provision proposed by Republicans that would delay disclosure ...”
