Republicans released their coronavirus stimulus plan, the HEALS Act, but now they need to find a consensus with Democrats Pelosi and Schumer.
, R-Pa., told CNBC that "Republicans are going to be divided on this one" — even before Pelosi earns concessions in talks with the Trump administration.
Democrats have warned outdated state unemployment systems cannot handle replacing a percentage of wages, which would delay critical assistance for the roughly 30 million people getting some form of unemployment insurance. They have called to extend the $600 per week benefit into next year and potentially phase it out as state unemployment rates fall.
Businesses with fewer than 300 employees who endured a revenue drop of more than 50% could apply for another Paycheck Protection Program loan. The plan would authorize $105 billion for schools, some of which would go only to districts that physically reopen. The Democratic bill passed in May allocated nearly $1 trillion to state and local governments, which have warned about the possibility of cutting back essential services as they spend more and take in less money during the pandemic. The GOP proposal would not authorize any new aid. Instead, it would give states and municipalities more flexibility in how to spend relief funds approved earlier this year.
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