Biden will meet with 10 Republican senators as they float smaller $618 billion Covid relief plan – CNBC

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Democrats would need 10 Senate Republican votes to overcome a filibuster and pass a relief bill. Winning over the group headed to the White House on Monday would give Democrats enough support to get legislation through the chamber.

However, the sides face a challenge in finding a compromise between the $1.9 trillion and $618 billion price tags.

The senators meeting with Biden include several from the bipartisan group that crafted the framework for the $900 billion relief plan passed in December. The Republicans are:

  • Shelley Moore Capito of West Virginia
  • Bill Cassidy of Louisiana
  • Susan Collins of Maine
  • Jerry Moran of Kansas
  • Lisa Murkowski of Alaska
  • Rob Portman of Ohio
  • Mitt Romney of Utah
  • Mike Rounds of South Dakota
  • Thom Tillis of North Carolina
  • Todd Young of Indiana

“With your support, we believe Congress can once again craft a relief package that will provide meaningful, effective assistance to the American people and set us on a path to recovery,” they wrote in their letter to Biden. “We recognize your calls for unity and want to work in good faith with your administration to meet the health, economic and societal challenges of the COVID crisis.”

Their proposal would scale back Biden’s in multiple ways. First, direct payment recipients would get $400 less. The plan would also start phasing checks out at $40,000 per year in income for individuals, versus $75,000 in the president’s proposal. The checks would be capped at $50,000 in income in the GOP proposal.

The offer would keep the $300 weekly unemployment benefit in place through June, while Biden’s would set a $400 per week supplement through September. The GOP plan also would not send any new relief to state and local governments, neglecting a Democratic priority.

The $20 billion for schools set out by Republicans compares with $170 billion for K-12 schools and higher education institutions in Biden’s plan.

The push for another aid package comes as the government rushes to vaccinate Americans before more transmissible Covid variants spread widely. More than 25 million people have now received at least one vaccine dose, while at least 5.6 million have had both shots, according to the Centers for Disease Control and Prevention.

While new Covid-19 cases have slowed in the U.S., the outbreak is killing an average of more than 3,000 Americans each day.

U.S. GDP grew by 4% in the fourth quarter, but it fell by 3.5% for the full year in 2020. More than 18 million people were receiving unemployment benefits as of last month.

Despite the sluggish recovery, Republicans will have trouble bringing some colleagues to support even a slimmed down plan. Sen. Pat Toomey, R-Pa., on Monday downplayed the need for spending outside of vaccine distribution funds.

“I just don’t think there’s a good case for redoing this,” he told CNBC.

Source Article from https://www.cnbc.com/2021/02/01/coronavirus-stimulus-joe-biden-to-meet-with-republican-senators-about-relief-bill.html

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