Senate Votes Today on $2 Trillion Stimulus Package
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The Washington Post Reports: Senate to vote Wednesday on $2 trillion coronavirus bill after landmark agreement with White House
This afternoon, the Senate will vote on a $2 trillion stimulus package to help boost the US economy in the face of COVID-19.
“This is a very important bipartisan piece of legislation that is going to be very important to help American workers, American business and people across America,” Mnuchin told reporters early Wednesday morning. “We couldn’t be more pleased.”
The legislations would send $1,200 checks to many Americans and create a $367 billion loan program for small businesses. It would also create a $500 billion loan for industries, cities, and states.
One of the most important pieces of legislation is the anti-corruption efforts. The legislation ensures that taxpayer-backed loans cannot go to firms owned by Trump, other White House officials, or members of Congress. In other words, Trump's hotels, likely cannot seek taxpayer assistance.
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