by Sean Moran
The Senate passed a substantial emergency relief bill on Wednesday night that would provide aid to small businesses, hospitals, and Americans suffering from the impact of the coronavirus outbreak.
The Senate passed H.R. 748, the CARES Act, with 96 votes in favor of the bill and no senators opposed to the legislation.
The legislation featured unanimous support from Republicans and Democrats. The legislation required 60 votes to pass through the Senate.
The Senate coronavirus package costs roughly $2 trillion and is approximately 880-pages long.
The Senate shot down an amendment to the bill sponsored by Sen. Ben Sasse (R-NE), which would reverse the bill’s generous unemployment benefits. Sens. Sasse, Lindsey Graham (R-SC), Tim Scott (R-SC), and Rick Scott (R-FL) contended that the legislation would incentivize Americans not to work. The amendment required 60 votes to pass through the chamber. Sasse’s amendment was shot down with 48 votes in favor and 48 against the measure.
Treasury Secretary Steven Mnuchin rebuffed the Republican senators’ concerns over the bill, contending this will help those who involuntarily lost their jobs.
“I don’t think it will create incentives. Most Americans, what they want, they want to keep their jobs,” Mnuchin said.
“We need to get this money into the American economy and American workers, that’s the importance of this,” he added.
The Senate Cares Act would provide most Americans $1,200 per individual, $500 for most children, and establish a several hundred billion dollar lending aid program for businesses, cities and states, as well as aid for small businesses.
The bill also omits many Democrat requests such as mandatory early voting, ballot harvesting, requirements that federal agencies analyze their use of “minority banks,” and provisions to curb airline emissions [bo;e emphasis: mine]. Read the rest HERE.