Senate Majority Leader Mitch McConnell is outlining a four-part plan to help the U.S. economy during the coronavirus pandemic. McConnell say the bill being worked on would support small businesses, give direct financial help to all Americans, help industries of national importance, and get more resources out to help fight the COVID-19 outbreak.
McConnell said the plan would also use an existing program to inject cash so small businesses can pay workers and their bills. He said the money will be grants if the companies do that. He said the money to industries of national importance is not a bailout.
Senate Minority Leader Chuck Schumer is calling for urgent and bold action to combat the COVID-19 situation, but that it must be a “workers first” stimulus package – not what McConnell is suggesting. Schumer says in the GOP plan, corporations come first. Democrats want to make sure no one loses a paycheck because of what’s happening.
Source: Wall Street Journal