Home Business 10 Republican senators present Biden with smaller Covid stimulus proposal, call for compromise

10 Republican senators present Biden with smaller Covid stimulus proposal, call for compromise

10 Republican senators present Biden with smaller Covid stimulus proposal, call for compromise

Senator Mitt Romney, a Republican from Utah, listens during a Senate Foreign Relations Committee hearing regarding Iran-U.S. relations on Capitol Hill in Washington, D.C., U.S., on Wednesday, Oct. 16, 2019.

Al Drago | Bloomberg | Getty Images

WASHINGTON – A group of 10 Republican senators called on President Joe Biden to consider a smaller, alternative Covid-19 relief proposal as his administration works to pass a $1.9 trillion package to address the economic fallout triggered by the pandemic.

In a letter to Biden on Sunday, Sens. Susan Collins of Maine, Mitt Romney of Utah, Rob Portman of Ohio, Lisa Murkowski of Alaska and five other lawmakers said they would unveil their proposed legislation on Monday.

“We recognize your calls for unity and want to work in good faith with your administration to meet the health, economic, and societal challenges of the Covid crisis,” the senators wrote.

“With your support, we believe Congress can once again craft a relief package that will provide meaningful, effective assistance to the American people and set us on a path to recovery,” the group wrote asking for a meeting with Biden in order to discuss the proposed legislation in greater detail.

The senators explained that their version of the Covid relief package provides “more targeted assistance” to Americans with the greatest need. The proposed legislation asks for a total of $160 billion for vaccine development and distribution, testing and tracing, treatment as well as other crucial supplies.

The senators laid out the following details of their plan:

  • An additional round of economic impact payments for families who need assistance the most including their dependent children and adults.
  • Extends enhanced federal unemployment benefits at the current level.
  • Fully funds nutrition assistance to help struggling families.
  • Additional resources to help small businesses and their employees through the Paycheck Protection Program and the Economic Injury Disaster Loan Program.
  • Funds resources for opening schools safely and for child care.
  • Provides $4 billion to bolster behavioral health and substance abuse services.

On Sunday, Portman told CNN’s “State of the Union” that the proposal would be a slimmer version of what was presented by the Biden administration.

“It’d be less than $1.9 [trillion] because much of what the administration has laid out has nothing to do with Covid-19,” Portman explained. “As an example, with regard to the direct payments, we think they should be much more targeted,” he added.

Brian Deese, director of the National Economic Council, told MSNBC’s “Meet the Press” on Sunday that the White House had received the letter and was open to discussing the proposed legislation.

“The president has said repeatedly, he is open to ideas wherever they may come that we could improve upon the approach to actually tackling this crisis. What he is uncompromising about is the need to move with speed on a comprehensive approach here,” Deese said.

“We’ve been engaging with members of Congress from both parties and in both houses over the course of the last week or two. We will continue to do that as we go forward,” he added.

Deese also told CNN’s “State of the Union” that the administration is willing to negotiate on the stimulus checks.

CNBC’s Tucker Higgins and Emma Newburger contributed to this report from New York.

This article is auto-generated by Algorithm Source: www.cnbc.com

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