(RightWing.org) – After two weeks of partisan gridlock that was ultimately broken by Treasury Secretary Steve Mnuchin, the $484 billion interim stimulus bill finally passed through the House on Thursday, April 23. The final vote was 388 for the bill, which easily surpassed the two-thirds majority needed. President Trump signed the bill earlier today.
The tweet below explains how the new stimulus bill will be applied.
NEWS, as I just reported on @CNBC:
Breakdown of deal reached to expand small biz funding —
– $250B for PPP
– $60B for banks with <$50B in assets
– $60B SBA disaster relief
– $2.1B for admin of SBA programs
– $75B for hospitals
– $25B for testing, incl. $11B for states
— Kayla Tausche (@kaylatausche) April 21, 2020
The $250 billion for the Paycheck Protection Program (PPP) is, and always has been, the primary focus of the bill until Democrats added on the rest.
There were a handful of votes against the bill. One of them is someone you might be familiar with by now: Rep. Alexandria Ocasio-Cortez (D-NY).
Outrageous @AOC is now opposing the latest COVID relief package (which includes critical funding for small business lending). She needs to work with @NYGovCuomo @Pelosi @SenSchumer & get a deal done NOW. Enough of AOC's division-now is the time for UNITY.https://t.co/5mNdeRaCl0
— Michelle Caruso-Cabrera (@MCaruso_Cabrera) April 21, 2020
She was the lone Democrat who voted against the bill. Even in a time of crisis, she can’t see eye-to-eye with her Democrat colleagues who already used it as a way to get even more federal funding. AOC opposed the bill because she wants MORE government money, saying “It is insulting to think we can pass such a small amount of money.” She must think that money can simply appear out of thin air.
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