Democrats are unjustified in pressing for another $250 billion in spending initiatives not directly related to the pandemic in a new emergency relief bill that Republicans insist should be limited to small-business loans, according to Sen. Chuck Grassley (R-Iowa).
Speaking to Fox News host Neil Cavuto on Saturday, Grassley said that House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) failed to make a convincing case for more spending on select projects.
“Schumer and Pelosi dont have a leg to stand on,” Grassley said, arguing the emergency package should be limited to ensuring small businesses have uninterrupted access to loans, for which demand is quickly outstripping supply.
“Its very clear, the demand for the small business money,” Grassley said. “Its going to run out on the 17th of April and Congress didnt think big enough when we appropriated that money.”
He criticized the Democrat push to include another $250 billion in spending for things like hospitals and local governments in the new bill, which the Republicans failed to pass on Thursday.
Grassley and fell
payroll amid the pandemic.
“For sure anything thats not related to the virus and the immediate pandemic and public health issues and the unemployment and the economy, should not be thrown in,” Grassley said, listing targets that would not fly with Senate Republicans.
“For example, federalizing election laws,” he said. “What does that have to do with the pandemic?”
In a stark illustration of how the virus-driven economic rout has hit Americas entrepreneurs, layoffs at small businesses with fewer than 49 employees jumped by 1,136 percent month-over-month, according to a recent payroll processing company report.
Pelosi and Schumer said earlier they were willing to meet the Trump administrations request for the additional $250 billion in small business relief, but called for at least another $250 billion for hospitals, state, and local governments, and food assistance.
Grassleys remarks follow comments made by President Donald Trump, who said on Friday that the emergency bill should be limited, but called for talks on a separate and bigger “phase 4” infrastructure package that would include payroll tax cuts.
“Democrats are blocking a 251 Billion Dollar funding boost for Small Businesses which will help them keep their employees,” Trump tweeted Friday morning. “It should be for only that reason, with no additions. We should have a big Infrastructure Phase Four with Payroll Tax Cuts & more. Big Economic Bounceback!”
The post Grassley Rejects Democrat Calls for Extra Spending In Small Business Relief Bill appeared first on News Wire Now.