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AFAIK House Democrats were delaying the bill not because of the stimulus payments, they were opposed to the lack of teeth to Congressional oversight in the CARE
by dashundchen 6y ago
AFAIK House Democrats were delaying the bill not because of the stimulus payments, they were opposed to the lack of teeth to Congressional oversight in the CARES Act bailouts, along with the tax code change that cost $90 billion and benefits almost entirely millionaires+.
- tathougies 6y agoAnd that justifies not mentioning the delay at all? The republicans cited in the article also have a reasonable concern (that it harms the economy to pay people more to not work than to work), and yet the GOP members were the only cited critics.
- ethanbond 6y agoBut... the virus is still here. So people shouldn’t be going back to work. A few weeks/months after the vaccine (or some other magical eradication), your point will make sense.
- dashundchen 6y ago> The republicans cited in the article also have a reasonable concern (that it harms the economy to pay people more to not work than to work) I won't disagree with those Republicans and some others the incentives were weird with the whole package. The conflict between requiring a percentage of PPP money to be spent on payroll vs the increased unemployment benefits is pretty clear. Add in some businesses essentially being forced to shutdown yet still meet the requirements for the PPP loans and you have a big mess. However I think the better solution to the additional UI would have been a temporary UBI regardless of employment status. It removes any incentives to lay people off or force them back to work and would have eliminated a lot of the administration overhead where states were overwhelmed by UI claims. Unfortunately I think many politicians are afraid of what happens when the workers realize what it's like not to be scraping by at the mercy of their employer.