Senate Majority Leader Mitch McConnell on Wednesday closed off chances that the Senate would pass anytime soon a House bill that would give most Americans $2,000 stimulus payments.
The Kentucky Republican said the House legislation, approved in a bipartisan vote Monday, “has no realistic path” to quick passage in the Senate and that it falls short of the demands of President Donald Trump. He again blocked an attempt by Democratic leader Chuck Schumer to adopt the House bill to increase the payments to $2,000 from the $600 by unanimous consent.
Suzanne Delbanco is the executive director of Catalyst for Payment Reform, an independent, nonprofit corporation that aims help employers and other healthcare purchasers get better value for their healthcare dollar. CPR’s membership includes Walmart, Boeing, GE, 3M, Google and Wells Fargo. Suzanne is one of the nation’s leading experts on payment reform and transparency in healthcare and advises employers on strategies for managing their health spend, benefit design. She has been included on Modern Healthcare’s list of the 100 Most Influential People in Healthcare.
Douglas Fritz is the founder of financial services consultancy F2 Strategy. His industry experience includes stints as chief technology officer at First Republic Bank and senior vice president at Wells Fargo Wealth Management Group.
Joseph Daly is COO of North American Payment Processing for Paysafe.
The Senate instead will work on combining the stimulus payments with measures on election integrity and rolling back social media liability protections, he said. That responds to all three issues Trump has said he wants, but a bill combining them likely will alienate enough senators in both parties to leave prospects for bigger stimulus payments dead in the Senate.
“The Senate is not going to be bullied into rushing out more borrowed money into the hands of the Democrats’ rich friends who don’t need the help,” McConnell said. The House bill would raise the income cutoff to receive a payment.
The clash over the payments also is entangling another piece of year-end business in the Senate — a vote to override Trump’s veto of a crucial $740.5 billion defense policy bill. Senators Bernie Sanders and Ed Markey said they will continue to delay the defense legislation vote unless McConnell relents and allows a vote on a standalone bill on the bigger stimulus checks.
“We are saying to Mitch McConnell, to allow the United States Senate to do what it’s supposed to do, and that is the vote,” Sanders told reporters. “The House passed the bill, it’s over here right now. Do you want to vote against it? Then vote against it.”
Pennsylvania Republican Senator Pat Toomey later blocked an attempt by Sanders to call up the House bill for a roll call vote.