After postponing negotiations on Tuesday for a second COVID-19 economic stimulus package until after the election, President Donald Trump has decided to reopen them, proposing a new $1.8 trillion plan, the Wall Street Journal reports exclusively.
The first stimulus package was passed back in the spring and talks surrounding a second one have been stalled for months over the price tag and key policy differences.
Last week, House Democrats passed a slimmed-down $2.2 trillion version of their own proposal last week. President Trump and Senate Republicans, however, rejected it predominantly for its cost, for protecting undocumented workers who meet specific criteria from deportation, and—according to the president—for supposedly bailing out “poorly run, high crime, Democrat States.”
Furthermore, President Trump on Friday confirmed the revived negotiations in a tweet, saying, “Covid Relief Negotiations are moving along. Go Big!”
And his economic advisor, Larry Kudlow, also told Fox Business‘ Stuart Varney on Friday that the president “would like to do a deal” and has rubber-stamped a new coronavirus economic relief package to aid millions of American workers who remain unemployed.
Although the economy has been sluggishly rebounding since March, 12.6 million Americans remain unemployed, according to the U.S. Department of Labor and Bureau of Labor Statistics. This bounce-back followed the initial layoffs and furloughs at the start of the pandemic while, on the public health front, the U.S. death toll continues to surpass 210,000.
You can follow Douglas Braff on Twitter @Douglas_P_Braff.
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Gallup poll: GOP holds large advantage over Dems in economy, national security
A recent Gallup poll shows Americans overwhelmingly have faith in Republicans over Democrats when it comes to the economy. In fact, the GOP “holists largest advantage on the economy in over 30 years, with 53% of Americans trusting Republicans more than Democrats on the issue” writes the Daily Caller News Foundation.
The poll holds Republicans at a 14-point lead over Democrats for handling the economy better. “The GOP scored 10 points higher on the economy than last year, marking the largest margin between the two parties since 1991.”
Gallup’s publication of the poll is titled ‘Neither Party Well-Liked, but GOP Holds Advantage on Issues.’ It may not be a shock that “The two major political parties remain unpopular in the U.S., with 56% of Americans viewing the Republican Party unfavorably and 58% saying the same of the Democratic Party” but the GOP holds “historically ample leads.”
— Reagan Reese (@reaganreese_) September 26, 2023
“Fifty-three percent of Americans believe the Republican Party will do a better job of keeping the country prosperous over the next few years, whereas 39% choose the Democratic Party.”
“A slightly larger majority, 57%, have greater faith in the Republican Party to protect the country from international terrorism and military threats, while 35% favor the Democrats.”
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