Coronavirus Bulletin

Have Questions About Economic Impact Payments? The IRS Is Eager To Take Your Call.

May 19, 2020 — Blog

Key points: -The IRS started adding thousands of employees to take calls and answer questions regarding “Economic Impact Payments.” -This new effort will help Americans who may have questions get answers quickly. Details: As part of the CARES Act, most Americans received payments of up to $1,200 from the IRS. This was cash assistance to give families a ...

Good News: Local Governments Can Now Receive More Cash from Federal Reserve

May 18, 2020 — Blog

Key points: -The Federal Reserve today opened up their Municipal Liquidity Facility program. -This is an open program that any qualifying state or local government can apply to using an online form to receive cash assistance from the Nation’s federal bank. Details: President Trump and Congress acted at unprecedented speed to provide financial assistance ...

As State Governments Hold on to Coronavirus Funds, Speaker Pelosi Wants Another $1.5 Trillion for State Bailouts

May 15, 2020 — Blog

Congress has provided major support for state and local governments with over $760 billion in aid and the Federal Reserve’s $500 billion lending facility. Yet before this aid has been completely distributed—or evaluated—Speaker Pelosi and House Democrats want to throw more than $1.5 trillion more at state governments. Americans Support Coronavirus Relief, Not Bailouts for State ...

Brady: “This bill guarantees a prolonged recession.”

May 15, 2020 — Blog

WASHINGTON — The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) delivered the following remarks on the House floor in opposition to Speaker Pelosi's $3 trillion "Careless" Act. Remarks as prepared for delivery:  "What are we doing here? "Our nation is ...

As Democrats Prioritize Millionaires, President Continues Push Toward Cure

May 15, 2020 — Blog

Key Points: -The President announced “Operation Warp Speed” today. This is a new initiative to “accelerate the development, manufacturing, and distribution of COVID-19 vaccines, therapeutics, and diagnostics (medical countermeasures).” -The Operation seeks to have “substantial quantities of a safe and effective vaccine” against COVID-19 by January 2021. The ...

Trump Admin Rejects Pelosi’s Windfall to Wealthy & Tax Hikes on Small Biz

May 14, 2020 — Blog

In a clear-eyed message to Congress, the Trump Administration formally announced its opposition to H.R. 6800, Speaker Pelosi’s “CARELESS” Act. The President has worked with Congress on a bipartisan basis to enact legislation of unprecedented size and breadth—with nearly $2.5 trillion in spending to improve public health, supporting small businesses, and help American families. This ...