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Republicans Float a Scaled-Back Stimulus Bill


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The New York Times
SOURCE: https://www.nytimes.com/2020/08/18/us/politics/republicans-coronavirus-stimulus-bill.html
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Summary

Therefore, many of our members will likely decline to implement deferral, choosing instead to continue to withhold and remit to the government the payroll taxes required by law.”The new Republican plan was silent on the issue of temporary payroll tax relief, which has generated little enthusiasm among Republicans or Democrats in Congress this year, even though Mr. Trump repeatedly called it a top priority for a relief package.Instead, the plan seeks to essentially codify and fund Mr. Trump’s planned $300-per-week unemployment supplement through the end of December, while giving new life to the liability protection measures that are a top priority of Senate Republicans and business lobbyists but were not included in any of Mr. Trump’s unilateral actions this month.The new plan includes more money per week for unemployed workers than the original Republican legislative proposal, which would have yielded expanded unemployment benefits capped at about 70 percent of a worker’s prior income — amounting to about $200 per week.

As said here by BY EMILY COCHRANE AND JIM TANKERSLEY