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A bipartisan group of 36 top economists, business leaders, and policy experts called on Congress to pass an economic aid package before the end of the year in a letter published on Thursday. They cited the recent surge of virus cases and the devastation inflicted by the pandemic on the American economy.

The Aspen Institute’s Economic Strategy Group said that people and businesses are in desperate need of more federal relief.

“Our nation’s leaders should act on another round of fiscal relief now,” the group wrote. “At the same time, the administration should act aggressively to deploy the unspent resources it already has to combat the virus and support businesses. Our country and economy cannot wait until 2021.”

The group laid out several economic relief measures that should be included in a bipartisan package. Per the letter:

“Extended federal government income relief to unemployed individuals.”
“Enhanced benefits to households who need help buying food.”
“Measures to help people who are facing potential eviction and homelessness because of pandemic-related income loss.”
“Fiscal support to state and local governments.”
“Support to small businesses.”

The signatories included Henry Paulson, former Treasury secretary during the George W. Bush administration; Melissa Kearney, economist and head of the Economic Strategy Group; Douglas …read more


Source:: Businessinsider – Politics

      

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