Stimulus should focus on boosting working Americans, not corporate bottom lines ~
WASHINGTON – Today in a letter to President Trump, 34 Senate Democrats led by U.S. Sen. Mark R. Warner (D-VA) called for an economic stimulus package focused on helping working Americans and their families who will be most harmed by the outbreak and spread of COVID-19, the novel coronavirus in the United States.
“The spread of COVID-19 will create economic ramifications that will affect individuals, families, and regions differently. While following social distancing guidelines may be important to mitigate the spread of the virus, it creates potentially grave economic challenges for American workers who are not easily able to telework or who do not have access to paid leave. Further limitations on travel, access to more common general services, and cancellation of major events will potentially hurt a large number of Americans who work or depend upon hospitality, travel, tourism, and retail businesses,” wrote the Senators.
The Senators continued, “Thus the goal of any economic stimulus should be directly aimed at the two types of workers who will be most harmed. First, any proposed relief should directly target workers who may have followed medical guidance to self-quarantine because of potential exposure, or those who are required to care for a family member. Second, it should also ensure that workers whose employment or income is significantly jeopardized by industries who may experience the economic slowdown as a consequence of the spread of the virus are appropriately protected. Further, any mechanism to provide relief must predominately be done as a pass through to workers. Our focus should not be on boosting company returns; instead, our focus should be on helping workers, including hourly workers and those workers at small or retail businesses who often don’t have access to short term savings or paid time off.”
In addition to Sen. Warner, the letter was signed by U.S. Sens. Chuck Schumer (D-NY), Tammy Baldwin (D-WI), Michael Bennet (D-CO), Richard Blumenthal (D-CT), Cory Booker (D-NJ), Sherrod Brown (D-OH), Ben Cardin (D-MD), Tom Carper (D-DE), Bob Casey (D-PA), Catherine Cortez Masto (D-NV), Dick Durbin (D-IL), Dianne Feinstein (D-CA), Kamala Harris (D-CA), Maggie Hassan (D-NH), Mazie Hirono (D-HI), Doug Jones (D-AL), Tim Kaine (D-VA), Amy Klobuchar (D-MN), Ed Markey (D-MA), Bob Menendez (D-NJ), Chris Murphy (D-CT), Patty Murray (D-WA), Jack Reed (D-RI), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Jeanne Shaheen (D-NH), Tina Smith (D-MN), Debbie Stabenow (D-MI), Tom Udall (D-NM), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR).
The letter is available here.