Democrats Vote Against $1 Trillion Stimulus Package Because It Bails out Wall Street and Big Corporations

Democrats voted against a $1 trillion stimulus bill Sunday that is meant to help small businesses and give cash payments to Americans struggling during the coronavirus pandemic.

While Republicans want to move quickly to get money in the hands of Americans who have been laid off, Democrats claim that the bill will only bail out Wall Street and big corporations.

The final vote will be held Monday, but Democrats already unanimously blocked a provision that would lend hundreds of billions of dollars to major industries like hotels, casinos, and cruise lines.

Senate Majority Leader Mitch McConnell was frustrated after the vote, saying: “We’re fiddling here, fiddling with the emotions of the American people, fiddling with the markets, fiddling with our health care.”

But Democrat Chuck Schumer said they would not vote for the bill “because among other problems it includes huge bailouts without protections for people and workers and without accountability, and because it shortchanges our hospitals and health care workers who need our help.”

The proposed bill would allow for direct cash payments of up to $1,200 for Americans who make less than $100,000 a year, $2,400 to married couples, and $500 per child.

It plans to give hundreds of billions in loans to small businesses that have been forced to close during the lockdowns.

But Democrats say they want more funding for hospitals and health care workers as they’ve experienced shortages in beds, masks, and ventilators.

Part of the bill could see Donald Trump’s properties and businesses receive a bailout, which Democrats are unhappy with.

Congress
Twenty20

The post Democrats Vote Against $1 Trillion Stimulus Package Because It Bails out Wall Street and Big Corporations appeared first on Baller Alert.



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Democrats Vote Against $1 Trillion Stimulus Package Because It Bails out Wall Street and Big Corporations Democrats Vote Against $1 Trillion Stimulus Package Because It Bails out Wall Street and Big Corporations Reviewed by Black America Press on March 23, 2020 Rating: 5

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