House Speaker Nancy Pelosi

Summary List Placement

Speaker Nancy Pelosi fiercely criticized the Trump administration’s $1.8 stimulus offer for the third time on Tuesday, and outlined eight areas where Democrats say the plan falls woefully short.

She argued that President Donald Trump’s interest in an economic relief package stems from a desire to send another wave of $1,200 stimulus checks and juice the stock market.

“A fly on the wall or wherever else it might land in the Oval Office tells me that the President only wants his name on a check to go out before Election Day and for the market to go up,” Pelosi said in a letter to House Democrats.

The White House plan includes $1,200 direct payments, $400 weekly federal unemployment benefits, $300 billion in aid to state and local governments, and funds for virus testing and tracing.

The California Democrat listed eight areas with significant “deficiencies:”

Aid to state and local governments.
Coronavirus testing.
Tax credits for families and low-income individuals.
Rental assistance.
Workplace protections and childcare.
Federal funds for states to conduct safe elections.
Relief for small businesses.
Census funding.

Pelosi called for “significant changes” to the White House plan.

Read more: A $2.5 billion investment chief highlights the stock-market sectors poised to benefit the most if …read more


Source:: Businessinsider – Politics

      

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