• By The Financial District

BIDEN HAILS HOUSE PASSAGE OF $1.9-TRILLION COVID RELIEF BILL

The House approved a $1.9 trillion pandemic relief bill that was championed by President Joe Biden, the first step in providing another dose of aid to a weary nation as the measure now moves to a tense Senate, Alan Fram reported for the Associated Press (AP).

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“We have no time to waste,” Biden said at the White House after the House passage early Saturday. “We act now — decisively, quickly and boldly — we can finally get ahead of this virus. We can finally get our economy moving again. People in this country have suffered far too much for too long.”


The new president’s vision for infusing cash across a struggling economy to individuals, businesses, schools, states and cities battered by COVID-19 passed on a near party-line 219-212 vote. That ships the bill to the Senate, where Democrats seem bent on resuscitating their minimum wage push and fights could erupt over state aid and other issues.


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Democrats said that mass unemployment and the half-million American lives lost are causes to act despite nearly $4 trillion in aid already spent fighting the fallout from the disease.


GOP lawmakers, they said, were out of step with a public that polling finds largely views the bill favorably.


The overall relief bill would provide $1,400 payments to individuals, extend emergency unemployment benefits through August and increase tax credits for children and federal subsidies for health insurance.


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Republicans said the bill was too expensive and said too few education dollars would be spent quickly to immediately reopen schools.


They said it was laden with gifts to Democratic constituencies like labor unions and funneled money to Democratic-run states they suggested didn’t need it because their budgets had bounced back.


“To my colleagues who say this bill is bold, I say it’s bloated,” said House Minority Leader Kevin McCarthy, R-Calif. “To those who say it’s urgent, I say it’s unfocused. To those who say it’s popular, I say it is entirely partisan.”



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