Mnuchin: Payroll Tax Cut Won't Be in Senate Republican Coronavirus Relief Bill

Mnuchin: Payroll Tax Cut Won't Be in Senate Republican Coronavirus Relief Bill

A key holdup remains President Donald Trump's push for a payroll tax cut, according to a Republican granted anonymity to discuss the private talks.

Democrats meanwhile support continuing the extra $600 a week for unemployed Americans and have lambasted Republicans for attempting to lower benefits.

"We're talking about the same provision as last time, so our proposal is the exact same proposal as last time", said Mnuchin. "The reason why the President is willing to cut off payroll tax cut is because he understands that if we get money in people's hands in August, that is going to help them and help the economy, and we've proven, we can deliver those 50 million payments, quickly, whereas the payroll tax cut would come in over four or five months and also has some sample issues", he said.

"Now that Senate Republicans have finally woken up to the calamity in our country, they have been so divided, so disorganized, so unprepared that they have struggled to even draft a partisan proposal within their own conference", Sen.

The summary also explicitly left out additional aid to state and local governments, which have confronted massive budget shortfalls due to falling tax revenues.

"We should not be quibbling on $200, $400 or $600 when people are in desperate need and have great uncertainty", House Speaker Nancy Pelosi said in an interview on CNBC on Wednesday.

It's been months since Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, which saw stimulus checks go to millions of Americans.

Liability refers to a key White House and Republican demand to set up legal protections that would make it hard for workers to win lawsuits against their employers if employees become sick at work. Although some Native American tribes in what would become the state in 1907 sent soldiers to fight for the Confederacy, others rejected the alliance with the secessionists.

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Lawmakers had expected Senate Majority Leader Mitch McConnell to begin releasing a series of bills as soon as Thursday, but Mnuchin said they might not be ready until next week.

Other elements include an increased deduction for business meals from 50% to 100% in what appears to be an effort to encourage dining at restaurants.

"My hope is we can get our work done by the end of next week on the broader Covid-19 package because there's so many things that are urgent", Portman said, but he added that "if we can't get it all done by next week, we cannot allow there to be a cliff in unemployment insurance".

How this unfolded: Several Republicans pointed out that the White House had to move quickly in the GOP direction in order to get a deal together. It would also fund $26 billion in vaccine research. Initially, the Trump administration attempted to entirely eliminate that funding. Congress in March approved the massive $2.2 trillion CARES package, the biggest of its kind in USA history. Republicans have argued that the benefit is larger than many workers' previous salaries and are a disincentive to return to their old jobs.

The severity of the prolonged virus outbreak is upending American life. While Democrats were opposed to including it, some senior Republicans, including Senators Chuck Grassley and John Thune, were publicly dismissive of the idea and that lack of support is what kept it out of the Republican plan.

Likewise, Alaska Sen. Lisa Murkowski, a Republican, told reporters she wished she knew more about the plan and its release.

"I can give you my opinion on testing which is that testing is essential", Alexander said.

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