The Soapbox

Lazarus

Joined: 07/05/2002 Posts: 12063
Likes: 22818


Details emerge:


"Senate Republicans were being extra meticulous because they felt an earlier and much smaller coronavirus relief bill, which Mnuchin negotiated in a rush with Pelosi this month, turned out to have provisions related to paid sick leave that GOP senators opposed — but which they reluctantly accepted. Now, they wanted to double- and triple-check Mnuchin's work in brokering a deal with Schumer, given the enormous stakes."

CHUCK SCHUMER IS COUNTING ... Here are the items Schumer's team says they've secured in the last few days: an extra month of unemployment insurance; $55 billion more for hospitals; $150 billion for states, localities and tribes; $10 billion in SBA grants of up to $10,000 for small business costs; $17 billion for SBA to cover six months of payments for businesses with current SBA loans ...

... $30 billion in emergency education funding; $25 billion in transit funding; $30 billion for the Disaster Relief fund; the ban of stock buybacks for companies that received government assistance; real-time reporting of Treasury loans, investments and assistance; an IG for the $500 billion to lend to corporations; a tax credit that would encourage employers to keep workers on the payroll; a tax exclusion for people who are receiving student loan repayment from their employer.

-- WHAT SCHUMER'S OFFICE IS REALLY EAGER TO POINT OUT: "Senate Democratic Leader Chuck Schumer has secured a provision in the agreement that will prohibit businesses controlled by the President, Vice President, Members of Congress, and heads of Executive Departments from receiving loans or investments from Treasury programs. The children, spouses and in-laws of the aforementioned principals are also included in this prohibition."

Courtesy NYT & the Playbook

Posted: 03/25/2020 at 07:07AM



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Details emerge: -- Lazarus 03/25/2020 07:07AM

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