Trump Reverses Stimulus Stance, Calls For $ 1,200 Checks, Small Business Relief

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In recent weeks, lawmakers actually appeared to be moving closer to agreeing on another coronavirus relief bill, with leaders on both sides indicating progress had been made and hoping for a compromise. could be found.

That’s why it came as a shock when President Donald Trump announced yesterday that he had asked his team to suspend negotiations and said he would prefer lawmakers to wait until after the next November election to pass a plan. stimulus. The president had been one of the biggest supporters of a generous stimulus bill, so his announcement came as a shock.

Late in the evening, however, the president appeared to turn the tide, posting several statements via Twitter indicating his continued support for specific stimulus measures – including a check for $ 1,200 for most Americans.

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President is back with more coronavirus stimulus

At 9.45 p.m. on October 6, Trump tweeted, “The House and Senate should IMMEDIATELY approve $ 25 billion for airline payroll support and $ 135 billion for the paycheck protection program for airlines. small enterprises. Both will be fully paid with unused Cares Law funds. Have that money. I will sign now! “

He followed up this statement with a subsequent tweet at 10:18 p.m. saying, “If I receive a stand-alone invoice for the stimulus checks ($ 1,200), they will be sent IMMEDIATELY to our great staff. I’m ready to sign now. Is are you listening to Nancy? ” The president also tagged White House Chief of Staff Mark Meadows, Senate Majority Leader, House Majority Leader Kevin McCarthy and Senate Minority Leader Chuck Schumer.

The president may have changed course after political commentators warned that closing stimulus talks could negatively impact his chances in the next 2020 election, or his decision could have been affected by the effect of his tweet about the stock market, with the S&P 500 index down after announcing its intention to suspend stimulus negotiations until after the elections.

While his updated stance may give new hope to those waiting for relief, Democrats have made it clear that they are unwilling to provide relief through a series of piecemeal bills. and would only sign a larger stimulus package totaling at least $ 2.2 trillion to $ 2.4 trillion.

Republicans have in the past attempted to pass a so-called “skinny” bill that would offer narrower help, which has been flatly rejected. With the president only suggesting stimulus checks and aid for a few industries, Democrats are highly unlikely to accept his offer, as a bill dealing only with these issues would miss some of their key priorities, including additional aid for the unemployed and for besieged states.

It’s unclear whether the tweets will lead his team to resume negotiations with left-wing leaders, but with the president’s seemingly conflicting positions adding another key to an already difficult process, those hoping for more money in their bank accounts are more likely than not to be disappointed.

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