Trump has echoed some of Democrats’ proposals for a new stimulus bill.
As election day draws near, President Donald Trump appears to be siding with Democrats regarding the size of the next potential stimulus package. On Sept. 16, Trump took to Twitter to send a message to senators in his party: “Go for the much higher numbers, Republicans, it all comes back to the USA anyway (one way or another!)”
Bigger is better
What makes the tweet interesting is that Democrats blocked a Republican coronavirus relief bill just six days earlier, citing fears that too little money would make it to the American public. The Republican proposal included roughly $650 billion in spending. As $350 billion of that would redirect money previously approved for other purposes, it would cut the total new funding to $300 billion.
To put the failed bill into perspective, the CARES Act, passed by Congress in March, had a $2 trillion price tag. That was enough to give a financial shot in the arm to everyday Americans, help businesses withstand the impact of the virus, enhance unemployment benefits for millions out of work, and protect families from eviction.
By May, when those funds had been depleted, House Democrats passed another bill, estimated to cost around $3 trillion. This bill aimed to extend and expand the CARES Act. For example, nearly $1 trillion was earmarked for cities and states, many under severe financial strain and facing cutbacks and layoffs.
The GOP made it clear the bill was dead on arrival. Still, the two sides managed to find a compromise of sorts, with Republicans offering to spend up to $1.3 trillion to get the economy going. But that was before the Congressional holiday.
No one is quite sure what happened during that long holiday, but by