Congressmen Introduce $1 Trillion Pandemic Recovery Plan

Republicans proposed spending an additional one trillion dollars to address economic damage caused by COVID-19.The plan includes 100 billion dollars for schools and issuing stimulus payments of up to 1,200 dollars to most Americans.

The proposal sets the stage for negotiations with Democrats who have called it “totally inadequate.”

The US has already spent more than 2.4 trillion dollars on virus relief measures, sending billions of dollars in aid to businesses and individual households. But economists have warned since the spring that more would be necessary.

The proposal would reduce the 600-dollar weekly unemployment benefit supplement to 200 dollars. The reduction reflects worries current benefits discourage workers from returning to work, since an estimated two thirds of recipients are getting more from unemployment than they did working.

Democrats have put forward their own three-trillion-dollar plan.

Source: https://www.bbc.com/news/business-53558608

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