nearvideo Italy tops South Korea with the coronavirus
366 coronavirus confirmed deaths in Italy, how you can implement a far-reaching quarantine, 16 million people under the block. Amy Kellogg reports.
The Congress is a reactive body. It responds to events.
And here, with coronavirus, we have an “event”.
We Minister, Harold Macmillan, wrote about the later British Prime Minister in these areas. The story is apocryphal something. But Macmillan says, proclaims that the “events” are the most important factor in setting the course of the policy.
Macmillan was not wrong.
STEVE HILTON: STOP THESE ILL-CONSIDERED RESPONSE
And that means that Congress and the trump Administration is likely to respond to the craft, a series of measures to respond to Corona Virus in the coming months.
THE LATEST NEWS ON CORONAVIRUS
The $8.3 billion measure creatives, the last week was mainly for the health, readiness and vaccine development. Other measures which address everything else will probably be.
The simple word, bat measure a “stimulus” to. In the most traditional sense, a “stimulus” is an infusion of government cash to jolt the economy. President Obama and congressional Democrats have modeled their 2009 economic program for strengthening the economy after the New Deal of the 1930s. President Franklin Delano Roosevelt and the legislature wrote a series of measures that created the tax provisions, Social security, and started to respond to a massive development of the public works and projects to the Great Depression.
It is still too early to fully understand the scope of the coronavrius and if a “stimulus” could be required. But we hear cuts chatter on Capitol Hill about tax. More State Spending. Discounts for travel. But unlike in 2009, it is doubtful legislation, which is simply centered on an infusion of cash to the economic recovery.
Infrastructure was developed, a trademark of the much-chided in 2009 the economic program of the Democrats. There are regular emanations of the trump-management infrastructure. “Infrastructure week” is a running joke in Washington. Legislators from both sides of the aisle would like to package a infrastructure. Still nothing happens. The Trump Administration and some Republicans on Capitol Hill, spoke on “tax reform 2.0” long before coronavirus hits. But these discussions went largely nowhere. This is partly because the Democrats now own the house.
There is also consternation in high-tax countries is about how well voters, the new tax policy, received a few years ago. There is also the question of whether the Republicans really want to wade in the tax reform waters again.
So let us examine, what has the Congress the last time he stood in front of a financial crisis.
In February 2009, the Congress approved what was originally calculated as the $787 billion economic stimulus package to shock the US economy in action, after the Great recession. The price tag of the measure, finally, long to $831 billion.
The Democratic house of representatives and the Senate of the plan in the first month of President Obama’s pass-the presidency. It months consumed to develop such a plan – and a new President. No Republicans in the house supported the bill. Only three GOP senators voted Yes: Sens. Susan Collins (R-ME), Olympia Snowe (R-ME) and Arlen Specter (R-PA). Admittedly, the Congress responded with a $700 billion relief measure to rescue the economy in the autumn of 2008 to cover losses in the financial sector. After an epic, the first error in the chamber of deputies (the calculation of the market what was then the largest point of blowing up traps in a single day, in synchronicity with the bill on the House floor), the Congress was finally a ” Troubled Asset Relief Program (TARP) in October 2008. That was an immediate response, because the economy was on the brink of collapse in the autumn. But, it has a new Congress, a new President, and time to mount a full-blown stimulus package.
Also, Congress and President Obama are already a number of measures, the financial and political meltdown. It’s the controversial “Dodd-Frank” financial re-regulation was to plan. It was also a Federal rescue of the American auto industry.
To respond to a contemporary package coronavirus would be likely) a mixture of tax credits for small business, travel, loans, or “bailouts” for the damaged sectors of the economy (airlines?and the health help. There is also a reduction in the “payroll tax could”.
If you look in the dictionary the word “donnybrook,” you are a picture of the internal battle waged between Congressional Republicans over the extension of the payroll tax holiday is scheduled for the end of 2011. It was a shrill, Christmas battle royale. GOP fiscal hawks duked it out with fellow Republicans, the trim wanted to control. And, it unfolded around the holidays, because, as you know, only the most insane worst-case-scenarios unfold on Capitol Hill to Christmas.
In other words, it is difficult to have it both ways: keep the taxes low even deficit, reduce spending.
What is the policy with a possible stimulus measure for coronavirus so?
Some Republicans are in the vicinity to press for action, but up to a certain point.
The same Republicans who protested President Obama’s stimulus plan is likely to excoriate the Democrats, the of the a in 2009 – and Vice-versa. To name some Congressional Republicans may be tentative, for the great action, worried that it would be a message of despair and President of the Trump offer. The optics on this are going to be complicated. Congress maneuvers sends a message that the legislature is on the case. But it also sound the alarm.
In his briefing this week, House majority Leader Steny Hoyer (D-MD) seemed to control cool cut.
“I don’t know that talking about additional tax cuts now, other than Hoyer said, for political purposes, is what we should be focused on,”,. “What we should focus, what is our medical response to this.”
When pressed a little further, Hoyer is an incentive: Obamacare has led to an additional factor, which could make it difficult.
The Maryland Democrat argued that the Trump-the Administration and the Congress, Republicans are still trying to make Obamacare undo. The Supreme Court will soon hear, to overturn yet another case, Obamacare.
“It is ironic,” said Hoyer, “the administration says they want to fight, one major health challenge is that America healthy.”
Democrats are concerned that people do not stay with “junk” health insurance plans to home from work, because if they will cover sick, you have a lack of adequate. This could coronavrius the spread.
So, there is a Chance for the Republicans could be, in order finally to provide, Obamacare and replace it with something else to help to respond to the coronavirus.
It could mean that the Republicans stop their attacks on Obamacare in the midst of coronavirus, and Obamacare extends far beyond its current form. Or…it could mean that coronavirus calls for a major recalibration of the American health care system.
Public opinion and the death toll – will play heavily into all of this. If people don’t think you have a sufficient health care in the coronavirus have era, other options could look good. It can’t mean “Medicare for All.” But it can Obamacare change the GOP’s decade-plus crusade to repeal and replace.
On Sunday night, House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) has a Problem with the administration “, tax tackle breaks for the big corporations” to the coronavirus. Pelosi and Schumer pointed to another group of proposals: Paid sick days. Extended Unemployment Insurance. An extension of the food “safety” programs, such as the Supplemental Nutrition Assistance Program (SNAP) and the food initiative for women, infants, and children (WIC). Protection for the front line health care workers. Widespread testing for coronavirus. Refunds for non-covered coronavirus-related costs. And, protection measures against price gouging.
“The administration must move fast and seriously to deal with the severe impact of coronavirus on the financial security of America’s families,” said Pelosi and Schumer.
These are all proposals that cost money. You will probably require all legislation. And, to the right, you have to go by President Trump.
GET THE FOX NEWS APP
The reaction of the legislature will take a while to sort itself. Look how long it took Congress to counter some aspects of the financial crisis of 2008. It may be, immediate steps Congress takes certain requirements to be. But the “big stuff” is probably a long way off.