So I think it’s going to get consideration.” “But I am saying that that is a very reasonable, rationale proposal in response to both the need to get resources to meet a problem as quickly as possible and also to provide … these means without having to vote again, because we will have provided by law that this will automatically occur. “I’m not saying that that’s going to be in the CARES 2,” the Maryland Democrat said, using a shorthand name for the next big economic response package. Hoyer said in an interview April 7 that the New Democrats’ idea to use automatic stabilizers to keep relief flowing “makes sense given the problems that we have.” “I think they’re taking a lot of inputs.” ‘Reasonable, rationale proposal’
“Leadership has never argued with it,” Peters said. New Democrats have raised the idea on various Democratic Caucus conference calls and more formally in an April 2 letter to leadership.
They’re hoping that House leadership, which is taking a larger role in drafting the next big package, will consider including stabilizers. Scott Peters, one of the New Democrat Coalition vice chairmen, said the group had raised automatic stabilizers for consideration in the $2.3 trillion economic relief package, but none were included. “To me, the problem we’re trying to solve for is how do you create some certainty for people in really uncertain times.”Ĭalifornia Rep. “Rather than having Congress play whack-a-mole and stick their fingers in the dike, there is strategic value in building triggers in the system,” Kilmer told CQ Roll Call. The coalition is also looking at other relief measures that could benefit from automatic stabilizers, like direct payments to low- and middle-income Americans, expanded unemployment benefits and funding for states and hospitals. PPP is expected to run out of money by the end of the week and negotiations over a bill to add funds are at a standstill. Derek Kilmer of Washington, chairman of the New Democrat Coalition, will soon release legislation proposing an automatic stabilizer for the popular Paycheck Protection Program, which provides loans to small businesses that will be fully forgiven if the companies keep a majority of their employees on the payroll. “As appropriate, build automatic stabilizers into direct assistance programs to provide certainty and trigger additional assistance and stimulus without the need for additional congressional action if economic conditions continue or worsen,” the coalition wrote March 19 in a list of principles and priorities for responding to the economic challenges associated with the pandemic. A growing number of House Democrats are pushing an idea to provide more certainty to American families and businesses that need help from the federal government to financially weather the coronavirus pandemic.įor nearly a month, the New Democrat Coalition has called for automatic stabilizers - a mechanism for keeping government assistance flowing by tying relief programs to economic or timing triggers - to be added to coronavirus relief legislation.
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