‘It’s inadequate’: Rep. Ro Khanna says Trump stimulus plan helps big business — and not workers

AlterNet logoAmid concerns over the spread of coronavirus at polling places, many Americans stayed home. Nearly one in five households have already experienced a layoff or a reduction in work due to the pandemic. Trump wants to inject more than $1 trillion into the economy and send a $1,000 check to everyone. This comes as the Senate is set to consider a multibillion-dollar package bill passed by the Democrat-led House Monday night that includes significantly weakened paid sick leave measures. We get response from California Congressmember Ro Khanna, who has also co-sponsored a bill for an emergency Earned Income Tax Credit that would give up to $6,000 to everyone who made less than $130,000 last year. His Bay Area district has been hit hard by the coronavirus, and about 7 million residents there have been told to stay home for all but the most crucial

AMY GOODMAN: The number of reported cases of coronavirus in the United States has surged to more than 6,200, though the devastating lack of tests means the number infected is exponentially higher. Deaths have topped 107. Millions are staying home to avoid spreading the disease. Nearly one in five households in the United States have already experienced a layoff or work reduction due to the pandemic, according to a new PBS/NPR/Marist poll. On Tuesday, the Trump administration said it will support a plan to inject more than $1 trillion into the U.S. economy to fight the unprecedented drop in economic activity. Treasury Secretary Steve Mnuchin said the stimulus package would rapidly deliver a $1,000 check to most American adults, with more direct payments likely in the months ahead.

TREASURY SECRETARY STEVEN MNUCHIN:Americans need cash now, and the president wants to get cash now. And I mean now in the next two weeks.

AMY GOODMAN: Mnuchin called the pandemic “worse than 9/11” for the airline industry and called for a $50 billion bailout. This comes as the Democrat-led House passed a multibillion-dollar package Monday that significantly weakened paid sick leave measures it tried to enact days earlier. The Families First Coronavirus Response Act passed the House Monday evening after changes were made that were called “technical corrections.” The Wall Street Journal reported Tuesday that, quote, “Democratic aides were alarmed by the changes, which were passed with no objections because House lawmakers are away from Washington [on recess]. The changes weren’t shown to most lawmakers before the vote,” unquote. Continue reading.