
IPFS News Link • Trump Administration
Why The Covid-19 Rescue Plan Should Be Vehemently Opposed
• Zero Hedge - Tyler DurdenThe two major reasons for strongly objecting to this bill are, we have no idea what it will cost and it will totally miss its target while dealing a crushing blow to small businesses across America. Still, because of politics, the measure passed in an overwhelming 363-40 vote in the House soon after Speaker Nancy Pelosi, and Treasury Secretary Steven Mnuchin reached an agreement.
The 110-page bill is being painted as proof lawmakers could work together during a crisis after being sharply divided over party lines during the failed impeachment of President Trump. By framing the poorly and hastily crafted pork-packed bill this way promoters are positioned to demonize those unwilling to support it. The chamber approved the bill less than an hour after the text was released. This bill is aimed at assisting millions of Americans directly and is in addition to the $8.3 billion emergency spending bill already approved to curb the spread of covid-19.
Jim Banks, a congressman from northeast Indiana was among 40 Republicans who opposed the bill. Interestingly, the rest of Indiana's nine-member delegation, six Republicans and two Democrats, voted in favor of the act which has been named "Families First Coronavirus Response Act." Banks claimed it was because "Some language will mean major harm for small businesses and our economy." Bank's office referred to a message sent to House leaders from the National Federation of Independent Business, which objected to a provision of the legislation that would require employers with fewer than 500 workers to provide paid medical and family leave. The question is, how many struggling businesses with two to twenty workers have the resources to weather this storm.