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 ...
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 ...
The Daily Dish The Labor Market in the Aftermath of CARES By Douglas Holtz-Eakin May 18, 2020
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 ...
The debate: Today, House Democrats are voting on a $3 trillion wish-list that Rep. Kevin Brady has described as a “recipe for a prolonged recession.” Part of that reason? The bill is tilted toward wealthy individuals in high-tax states rather than workers and Main Street businesses. In order to pay for a
The news: Today, the House will vote on Speaker Pelosi’s “Careless” Act. She’s struggling to keep her caucus on board with the 1,185-page bill. But in an amendment filed mere hours before the vote, the Speaker was able to appease a different coalition: health insurers. Speaker Pelosi spent weeks ...
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 ...
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 ...
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 ...
Fox News Top GOP rep blasts Democrats' $3T bill as 'recipe for a prolonged recession' By Marisa Schultz May 13, 2020 CLICK HERE to read the full article. The top Republican on the House's tax-writing ...