Republicans Make $618 Billion Counteroffer on Stimulus

By:
Chris Gaetano
Published Date:
Feb 1, 2021
Republican lawmakers have proposed their own $618 billion pandemic aid plan at the same time that Democrats are preparing to proceed on their own plan without their support, reported Bloomberg. The plan is several degrees of magnitude more modest than the nearly $2 trillion plan that has been in play since the start of the year. Consequently, it differs in several significant ways.

First, it would include $1,000 direct payments rather than the $1,400 payments currently on offer, with the phase-out starting at the $50,000 mark; it would also provide a $300 unemployment supplement rather than $400; it also lacks the state and federal government aid, as well as the $15 federal minimum wage, contained in the other bill. It does, however, mirror the $169 billion on pandemic control measures that the administration's plan has.

Congressional Democrats, according to Newsweek, were not thrilled with the proposal, saying that it's too little too late, and balking when it was suggested that this represented some sort of compromise. Senate Budget Committee Chair Bernie Sanders (I-Vt.) said that while the Democratic caucus would like Republican support on the stimulus measure, they are willing and able to go it alone if GOP reservations give way to intransigence.

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