Wait, What? Pelosi, Schumer Tell GOP To ‘Stop Posturing’ on Stalled Coronavirus Aid

OPINION | This article contains commentary which reflects the author's opinion.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer are accusing Republican lawmakers of being the ones standing in the way of further coronavirus-related economic relief.

As the Hill reports, Pelosi specifically told Republicans to “stop posturing” and to come back to the negotiating table on an “interim” coronavirus relief bill.

“We have real problems facing this country, and it’s time for the Republicans to quit the political posturing by proposing bills they know will not pass either chamber and get serious and work with us towards a solution,” she and Schumer said in a statement released on Monday.

According to the report, however, it was Democrats who blocked a clean financial assistance bill for companies and workers.

Republicans did block a bill too, but one that provided hundreds of billions of dollars to other sectors with certain restrictions on who gets assistance.

The Hill reports:

Senate Majority Leader Mitch McConnell (R-Ky.) and House Minority Leader Kevin McCarthy (R-Calif.) said over the weekend that they would keep trying to pass the “clean” GOP bill, which would provide an additional $250 billion in funding for the Paycheck Protection Program (PPP), appearing to reject a Democratic push to negotiate a larger package. The program, which got $350 billion as part of the third coronavirus relief bill, provides loans and grants for businesses with fewer than 500 employees.

“We will continue to seek a clean PPP funding increase. We hope our Democratic colleagues familiarize themselves with the facts and the data before the program runs dry,” they added.

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Pelosi and Schumer want the funds to be paired with “an additional $100 billion for hospitals, $150 billion for state and local governments and a boost in food assistance funding,” the Hill adds.

“Small businesses, hospitals, frontline workers and state and local governments across the country are struggling to keep up with this national crisis,” Schumer and Pelosi said in the statement. “They need more help from the federal government and they need it fast.”

“While the Trump Administration struggles to figure out how to distribute the funds provided for in the CARES Act, it’s clear that those appropriated amounts will not be enough to cover the tremendous need,” they added.

According to the report, the Democratic duo also wants the guarantee that the government will provide at least half of the funds to “community-based financial institutions that serve farmers, family, women, minority and veteran-owned small businesses.”

“Further changes must also be made to the SBA’s [Small Business Administration] assistance initiative, as many eligible small businesses continue to be excluded from the Paycheck Protection Program by big banks with significant lending capacity,” Pelosi and Schumer said in the statement, noting the importance of adding more money to “satisfy the hundreds of billions in oversubscribed demand.”

2 COMMENTS

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