Priorities and Expectations for the Final Stimulus Package
Posted 07/28/2020
Chris Lamond Talks Priorities and Expectations for the Final Stimulus Package
TXBIZ Talks Feature
In anticipation of the upcoming stimulus package, TXBIZ Talks hosted D.C. lead, Chris Lamond, for a timely update on what members can expect to see as the Senate and Congress resume negotiations on Capitol HIll.
Priorities
According to Mr. Lamond, the top priorities for Republicans include business liability protections, return to work, stimulus checks to individuals, access to care, and funding for schools. President Trump has also strongly advocated for a payroll tax relief, but his stance has not reached a consensus within the Republican Party. Once the bill is sent to the House, Lamond says to expect Democrats' priorities to include extending the unemployment insurance program through the year's end, stronger workforce protections, larger stimulus checks to individuals, corporate governance over bailouts, repealing tax reforms, food security, and funding for state and local governments.
Expectations for the Final Bill
Both parties largely agree on extending the Paycheck Protection Program and increasing funding for hospitals. Lamond also indicated that the lion's share of the stimulus will likely go towards vaccine development and the reopening of schools. The Senate is expected to release their version of the bill this afternoon, but it will likely be negotiated and amended by Democrats in the House before it is finalized by its August 7 deadline.
