BREAKING: GOP Senators Find MASSIVE Error In Stimulus Bill; Will Not Pass Until Fixed
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Progress on the historic $2 trillion stimulus plan has come to a halt after GOP Senators found a massive problem in the bill draft that would incentivize layoffs. (Sorry Democrats, you're NOT getting away with that!)
"A massive drafting error in the current version of the coronavirus relief legislation could have devastating consequences," Senators Ben Sasse, Tim Scott and Lindsey Graham told Fox News in a statement.
"Unless this bill is fixed, there is a strong incentive for employees to be laid off instead of going to work. This isn’t an abstract, philosophical point -- it’s an immediate, real-world problem".
Here's the breaking news from Fox News:
Three Republican senators are warning that they will oppose the $2 trillion coronavirus response package unless a “massive drafting error” in the legislation, that they say will create an incentive for employers to lay off employees, is fixed.
Fox News is told the concern is that the current version could pay workers more in unemployment benefits than they're currently making, by sticking a $600 per week payment on top of ordinary benefits that are calculated as a percentage of income. This could disrupt the labor market further, the lawmakers warn.
But with the legislation nearing approval by the chamber, the three Republicans are warning that the text as written could incentivize layoffs, which they say could in turn lead to “life-threatening shortages” in health care and the food supply chain.
“This isn’t who we are as Americans; this isn’t what we do in a crisis. We must sadly oppose the fast-tracking of this bill until this text is addressed, or the Department of Labor issues regulatory guidance that no American would earn more by not working than by working," the statement said.
This is still a developing story. Check back for more...