Negotiations continue between Republicans and Democrats to agree on a bill aimed at reducing the damage caused by the Chinese Communist Party Virus (CCP Virus).
With real knowledge of the negotiations between the two parties, two senior White House officials fear that the Republicans and the Democrats are too far apart in their intentions to be able to make concrete progress on the bill. The information came from the Daily Caller, which warned that the sources spoke on the condition of anonymity.
Representatives from both factions have been presenting several drafts of a stimulus package to address the economic losses caused by the CCP Virus for months.
There was talk of income tax cuts, the second tranche of direct payments to taxpayers, a particular education budget for schools to open in the fall, etc. But the truth is that real negotiations between congressional leaders and the administration did not begin until this week.
Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy met with Trump at the White House on Monday. Mnuchin and Meadows also met Tuesday with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. But the two Democrats said there could be no real negotiations on the legislation until the Republicans can agree on their plan, Bloomberg reported.
For his part, Meadows admitted there is a big gap between the two blocs’ positions. He assumes that the Republicans are trying to put together a $1 trillion budget plan, while the Democrats propose spending between $3 billion and $3.5 billion.
Senate Majority Leader Mitch McConnell on Tuesday outlined some of his priorities: The extension of a small business loan program, another round of direct payments to individuals, money earmarked for schools to reopen, and time limits on liability for businesses and other organizations. Except for the liability limits, Democrats will probably agree to the other provisions, although there will likely be disagreement on the amounts allocated.
Although with some differences in form, both parties also support renewing supplemental unemployment insurance benefits.
There is also support for funding coronavirus testing and vaccines.
There is some common ground, which could pose a favorable scenario. Still, there will undoubtedly be two weeks of intense debate and negotiation ahead before legislators can agree on a law that requires immediacy and practicality to solve structural problems caused by the CCP virus.
Another reality is undeniable. The resurgence of the CCP virus threatens to keep the economy weak for the rest of the year. The November elections will be decisive in establishing control of the White House and Congress.