Economy

White House drops payroll tax cut as GOP unveils virus aid

White House drops payroll tax cut as GOP unveils virus aid”

But with Republicans and the Trump administration failing to reach a fuller agreement on the next coronavirus relief bill, which would trigger negotiations with Democrats, some 25 million Americans will, this weekend, qualify for their last $600 expanded unemployment checks.

Senate Republicans won't include a payroll tax cut, a measure long sought by President Trump, in the coronavirus relief legislation they are planning to release publicly on Thursday amid opposition from lawmakers of both parties.

"Now we must meet in conference with the House to iron out some differences and develop a unified defense bill that enhances national security and provides our troops with decisive, lasting advantages and powerful, force-multiplying assets", said Ranking Member Jack Reed (D-R.I.) about the bill's next steps. In fact, Mnuchin said they threw another $5 billion for schools to sweeten the deal, with some schools getting funding on a pro-rata basis and some getting more to equip facilities to reopen in person.

"President Trump has been clear in his opposition to politically motivated attempts like this to rewrite history and to displace the enduring legacy of the American Revolution with a new left-wing cultural revolution", the White House said in its veto threat of the House legislation, according to The Associated Press.

This is a developing story. In recent days, Trump had insisted that he might not sign an eventual bill if it did not include the payroll tax cut, but the plan was extremely unpopular with Republicans.

The apparent delay purportedly came as something as a surprise to rank-and-file conservatives, who spent much of Thursday under the impression that the bill would be unveiled, piece-by-piece, later the same day. Could that really impact the conversation here?

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"You know how the markets and the business community doesn't like uncertainty?" "There is no benefit from dumping money from helicopters into people's laps". Nobody, not even Democrats, wanted a fixed number for everyone.

"My effort's going to be to allow the local communities, the cities, the towns, the states, to participate in whether they want to do this", Inhofe, told reporters. Thune added of the payroll tax cut, "I'm not a fan", a sentiment echoed by Sen. Those benefits expire at the end of July, and have been criticised as an incentive to keep people from going back to work, as they sometimes are higher than a recipient's salary. That's why you'll never see a paywall on FingerLakes1.com. "They must, at least, treat us fairly!"

GREENE: Well, look at this broadly for me. "Now I won't be able to, unless there's something that comes out in the news". While Republicans face internal divisions on a range of issues, including whether to even pursue a new bill, Democrats have largely rallied around a $3.5 trillion bill passed in the House in May.

Mnuchin, speaking to reporters at the White House and appearing on a U.S. television show, gave a preview of what Republicans are thinking about as they begin negotiations with congressional Democrats on a next round of rescue funding for the US. So they have significant leverage here.

GREENE: Lots of action on Capitol Hill, and our congressional correspondent Kelsey Snell is all over it. Kelsey, thanks a lot.



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