The stakes are high for both parties, with the November election less than 60 days away and only a short window left before lawmakers go home for a final stretch of campaigning. Meanwhile, hundreds of Americans continue to die each day from the virus while the U.S. economy remains moribund.
The House returns to Washington next week, but it’s unclear whether stalled negotiations between Mnuchin, Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) will resume. Republicans are hoping that Pelosi will face pressure from moderate House Democrats to make new concessions.
But so far, Pelosi and Schumer are showing no signs of coming down from her price tag of $2.2 trillion, a key sticking point with the White House and Senate Republicans. The White House initially proposed a topline number of $1 trillion for a new relief package, but Mnuchin signaled this week the administration is willing to go up to $1.5 trillion.
The Senate Republican proposal being voted on Thursday would provide $300-per-week in increased federal unemployment benefits through the end of December, another round of funding for the Paycheck Protection Program and liability protections for schools, businesses and health care providers during the pandemic, a top priority for McConnell.
While the GOP proposal is largely symbolic, it took weeks for Republicans to unify around a single plan. McConnell and Senate Republican leaders introduced the $1 trillion HEALS Act in July, but a large faction of GOP senators opposed that bill, citing the federal deficit. Thursday’s bill includes some provisions from the HEALS Act, but is estimated to cost closer to $500 billion.
McConnell faces pressure from vulnerable Senate Republicans, who don’t want to go home without voting on another relief package. Schumer, though, this week derided the GOP proposal as nothing more than a “check the box” vote to give cover to Republican incumbents.
Democrats are pushing for McConnell to let the Senate take up the House’s nearly $3.5 trillion HEROES Act, which would provide $600 in boosted weekly unemployment benefits, another round of stimulus checks, and nearly $1 trillion for state and local aid.