- Donald Trump and Democrats agree to approve nearly $ 500 billion economic bailout plan
- Includes funds for hospitals and small businesses, in an attempt to curb the ravages of the coronavirus
- The new agreement includes 484,000 million dollars and raises the total amount of aid to 3 trillion
The President of the United States, Donald Trump, and the leaders of the Democratic opposition agreed on Tuesday to approve a plan economic rescue of almost 500,000 million dollars that includes funds for hospitals and small businesses, in an attempt to curb the ravages of the coronavirus, EFE reported.
The News of the new agreement indicates that it specifically includes 484,000 million dollars and raises to 3 trillion the amount total aid, equivalent to the United Kingdom’s Gross Domestic Product (GDP).
Democratic minority leader in the Senate Chuck Schumer revealed Tuesday morning that he had reached an agreement with the Republicans and later Trump announced on Twitter that he will support the new package of stimulus it has yet to be approved by both houses of Congress.
Trump and Democrats agree on another nearly $ 500 billion rescue plan for the coronavirus https://t.co/kWPBJ8spzp #United States #DonaldTrump #international #Coronavirus pic.twitter.com/xElC26Gi1B
– Peru News (@PeruNoticiasHoy) April 21, 2020
“I urge the Senate and the House of Representatives to approve this program,” Trump said on Twitter.
The Republican-majority Senate is expected to put the law to a vote this Tuesday so that, by the end of the week, it will be approved by the House of Representatives, in Democratic hands.
The deal includes $ 321 billion in low-interest loans for small businesses, $ 75 billion for hospitals and $ 25 billion to increase the number of tests being done nationwide, Schumer’s office said in a statement.
If Congress approves it, this will be the fourth stimulus package to alleviate the ravages of the virus, which has infected more than 800,000 people and killed more than 43,700 in the United States, according to the latest data from the Johns Hopkins University.
In recent days, the Democratic leader of the House of Representatives, Nancy Pelosi, has warned that this new rescue is just “a patch” and more funds will be needed to help the 22 million people who have stayed in the last month. unemployed due to economic slowdown.
Once the new bailout plan is approved, Trump intends to start a new negotiation with Democrats, he announced this Tuesday on Twitter.
His intention is for a new stimulus package to include aid for state and local governments, as well as tax cuts for restaurants, recreation centers and sports facilities. Trump also wants the next law to allocate funds to infrastructure construction, such as bridges.
For his part, Democrats are expected to continue pressing for increased funding for hospitals, his priority in this crisis.
This information is given amid plans to temporarily restrict immigration in the face of the coronavirus emergency.
It has been leaked that Donald Trump may announce a pause in the issuance of green cards as a measure to stop the entry of citizens from other countries.
I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing. After I sign this Bill, we will begin discussions on the next Legislative Initiative with fiscal relief….
– Donald J. Trump (@realDonaldTrump) April 21, 2020
–
