House Speaker Nancy Pelosi said Wednesday that the leaders on the left and White House officials remain “miles apart.” On another potential deal to pass a coronavirus aid package.
“We’re miles apart,” Pelosi told MSNBC during an interview on Wednesday, citing, in particular, a stalemate over education funding, eviction protections and additional money for food stamps.
While the White House has been working diligently to get a deal done – the Democrats are refusing to budge insisting that a number of outlandish items from their personal wish lists be included in an emergency bill intended to help the American people.
Republicans – weary of the mounting national debt – proposed a $1 trillion aid package which prioritizes the needs of Americans while the Democrats have insisted on a ridiculously pricey $3 trillion legislation which the House Democrats passed back in May.
“It’s a chasm,” Pelosi said.
Talks between the two sides broke down last Friday, putting at risk potentially trillions of dollars in aid for families, businesses and the U.S. economy, including a fresh round of $1,200 stimulus checks, extra unemployment aid for millions of out-of-work Americans and $100 billion to help reopen schools.
Treasury Secretary Mnuchin reached out to Pelosi by phone on Wednesday, to urge Democrats to continue negotiations. Pelosi and Schumer both signaled however that hey were not willing to restart negotiations however after Mnuchin rejected a roughly $2 trillion package – which according to the treasury secretary, Pelosi wanted him to blindly agree to.
Mnuchin said that Pelosi “made clear that she was unwilling to meet to continue negotiations unless we agreed in advance to her proposal, costing at least $2 trillion.”
“My view on negotiations is you agree on the things that you can agree on, half legislation that’s good for the American public, and then come back for another bill,” Mnuchin said to FOX Business’ Maria Bartiromo.
“The Democrats have no interest in negotiating,” Mnuchin said.
While the Democrats are contempt with sitting around and watching Americans struggle – the president has stepped in to take action – signing four executive actions on Saturday that would postpone the collection of payroll taxes for individuals earning less than $104,000 annually through the remainder of the year; partially restore supplemental unemployment benefits at $400 per week (25% of which would come from cash-strapped state’s budgets), extend student loan relief and discourage evictions.
Combined, the four measures would inject about $165 billion of liquidity into the U.S. economy in the short term and add about $10 billion to the nation’s ballooning deficit, according to new projections released by the Center for a Responsible Federal Budget.
Trump has pledged to pursue a permanent cut to the payroll taxes, but without legislation, those payments will still be required by the delayed due date.
Some of his proposals are expected to face legal challenges. Critics say the Constitution gives Congress the power of federal spending, meaning that Trump does not have the legal authority to issue executive orders allocating how much money should be spent on the pandemic.