Senate passes $2 trillion coronavirus stimulus package

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Washington — The Senate passed a $2 trillion coronavirus stimulus package late Wednesday night. The vote was 96 – 0.

It was approved almost 24 hours after Senate Majority Leader Mitch McConnell announced on the Senate floor shortly after 1 a.m. Wednesday that a bipartisan agreement had been reached. He proclaimed that the measure would provide relief for health care workers on the front lines of the coronavirus outbreak and for American families.  

Now that the Senate has OK’d the legislation, it goes to the House, which isn’t in session. Representatives have been discussing the logistics of voting, since two members have tested positive for COVID-19 and dozens have expressed concern about traveling back to the Capitol. Several are also under quarantine. 

Remote voting has been ruled out, and Speaker Nancy Pelosi said Wednesday that approval by unanimous consent is “not going to happen.”

She also said that because of the magnitude of the bill, she’d like “to see a good debate on the floor,” and then have a voice vote.  

If there is a voice vote, whoever is presiding over the floor will call for members to voice “yea” or “nay” and determine which side prevails. That would allow any member who wants to travel back to Washington to do so, but does not require everyone to travel back for a recorded vote. However, a single member could derail the vote in the House by calling for a recorded vote. In that case, Pelosi said that “if you couldn’t come, you could vote by proxy.” 

House members will also be given at least 24 hours’ notice to return to Washington, Pelosi said, so it’s not yet certain when the vote will take place.Here’s what’s in the $2 trillion package, the largest in U.S. history: 

  • Direct payments of $1,200 to most individuals making up to $75,000, or $2,400 for couples making up to $150,000. Each dependent child increases the amount by an additional $500. The amount decreases for individuals with incomes above $75,000, and payments cut off for those above $99,000.

  • Expanded unemployment benefits that boost the maximum benefit by $600 per week and provides laid-off workers their full pay for four months. Eligibility is extended to independent contractors and the self-employed.

  • $367 billion in loans for small businesses

  • $150 billion for state and local governments

  • $130 billion for hospitals

  • $500 billion in loans for larger industries, including $25 billion for passenger airlines; $4 billion for carriers; $3 billion for aviation contractors and $17 billion for “businesses critical to maintaining national security.

  • Creation of an oversight board and inspector general to oversee loans to large companies

  • Measure prohibiting companies owned by President Trump and his family from receiving federal relief

  • $25 million for the John F. Kennedy Center for the Performing Arts

  • $400 million for election security grants

Minority Leader Chuck Schumer, who engaged in intense negotiations with Treasury Secretary Steven Mnuchin, said the bipartisan agreement comes “after five days of arduous negotiations, after sleep deprived nights and marathon negotiating sessions.”

The deal, McConnell said, “will rush new resources onto the front lines of our nation’s historic fight and it will inject trillions of dollars of cash into the economy as fast as possible to help American workers, families, small businesses and industries it make it through this disruption and emerge on the other side ready to soar,” he said.

While McConnell and Schumer have praised the bipartisan deal as providing necessary relief, a group of Republican senators said the package includes a “drafting error” that they said incentivizes layoffs and are drafting an amendment to address it.

Senators Ben Sasse of Nebraska, Rick Scott of Florida, Tim Scott of South Carolina and Lindsey Graham of South Carolina said the current text of the bill allows workers to collect more in unemployment benefits than their regular pay. 

“We cannot encourage people to make more money in unemployment than they do in employment,” Tim Scott said. The group proposed capping unemployment benefits at 100% of income.

While negotiations between senators began last week, efforts to pass the massive stimulus package stalled earlier in the week after Senate Democrats twice blocked the measure from advancing due to concerns about a lack of oversight of $500 billion for hurting industries, as well as what they said was inadequate funding for hospitals, health care centers and medical workers.

Tensions reached a fever pitch after the second failed vote Monday as senators called for urgent action to help businesses and Americans battered by the coronavirus outbreak, and White House officials worked with Senate leaders to work out the final details Tuesday.

What’s in the Senate’s $2 trillion coronavirus stimulus package?

Washington – After five days of negotiations and heightened tensions on Capitol Hill, senators and the White House reached a deal on a massive $2 trillion economic stimulus package designed to help American workers, small businesses and hospitals pushed to the brink because of the coronavirus pandemic.

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