The GOP’s coronavirus relief package is a dream for big corporations and a nightmare for struggling Americans

  • While the president says he wants to help Americans workers through the coronavirus pandemic, behind the scenes his party is crafting legislation that would leave the least fortunate behind.
  • Republicans are working on an aid package that would send cash payments of up to $1,200 to some workers. But for Americans who don’t pay or pay very little income tax that would decrease to as low as $600. Some Republicans have lobbied against cash payments entirely.
  • This is appalling. The bill features a bunch of dreams-come-true for big corporations too.
  • This isn’t just cruel — it’s bad economics. The more people have to pay bills and spend as normally as they can now, the easier it will be to get the economy rolling again when this is over.

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Article URL : https://www.businessinsider.com/coronavirus-pandemic-senate-gop-bill-doesnt-help-americans-workers-2020-3?fbclid=IwAR3y9ZQMhlRq_vPleczw-aX4vI1k0spIAhu7MJUOqdaY5plSHqar3YKx6FY