Study: Unemployment Pays Better Than Work for 68 Percent of U.S. Workers

The federal unemployment insurance emergency payments of an additional $600 per week to those laid off because of COVID-19 restrictions discourages work and slows down economic recovery, several reports indicate. Several congressmen have introduced proposals to address the issue.

A report published by the Foundation for Government Ability (FGA) found that by nearly tripling average unemployment benefits through the CARES Act, “Congress has created a situation where unemployment now pays better than work” for roughly 68 percent of U.S. workers.

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‘Train Wreck’ Special Session Cost Estimated $108,000

The Minnesota Legislature’s recent special session ended with no major accomplishments, but the eight-day session will still cost taxpayers an estimated $108,000.

The special session concluded on June 20 after Republicans in the Senate and Democrats in the House failed to reach an agreement on police reform legislation, the allocation of federal coronavirus relief funds, and other leftover business from the regular session, such as a borrowing package for public infrastructure projects.

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Walz Distributes $841M in Federal COVID Aid to Cities, Counties

Gov. Tim Walz approved plans Thursday to distribute $841 million in federal coronavirus aid to cities and counties across Minnesota, along with another $12 million for food banks and food shelves that have seen a surge in demand since the pandemic hit the state.

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Republican Lawmakers Introduce Bill to Cut Waste from Coronavirus Bill

U.S. Representatives Ted Budd (R-NC-13) and Ken Buck (R-CO-04) introduced the Getting Americans Back to Work Act to amend a portion of the CARES Act, which resulted in some unemployed filers receiving higher wages through unemployment compensation than through their previous jobs.

The bill caps the amount an individual can receive from unemployment insurance at 100 percent of their previous wages.

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Democrats’ $3 Trillion ‘Relief’ Package Declared Dead-on-Arrival, Republicans Say

A new Democratic bill proposed by U.S. House Speaker Nancy Pelosi (D-CA), without input from Republicans or the Trump administration is “dead on arrival,” top Republican leaders say.

The White House has said it wants to wait and see how the $3 trillion Congress already allocated will impact the economy and help Americans suffering from the economic shutdown due to the coronavirus.

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Former Warren Aide on Commission Overseeing COVID Stimulus Is Married to Lawyer Who Defends Big Corporate Clients

One of the regulators pegged to oversee the coronavirus stimulus is married to a corporate attorney who touts her history of defending companies in civil and criminal enforcement cases before the Security and Exchange Commission (SEC), public records show.

Senate Minority Leader Chuck Schumer tapped attorney Bharat Ramamurti to sit on the Congressional Oversight Commission, a five-member panel Congress created in March to oversee the $2.2 trillion stimulus package. The commission’s statute does not explicitly require members to disclose their finances, though three of the members are obligated to provide disclosures as they are lawmakers.

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Commentary: Liberals Seek to Use Coronavirus to Bail Out Reckless Spending for State and Local Governments

Americans have come together in the fight against the invisible enemy, but this situation has been made worse by some politicians who seek to take advantage of this pandemic and our recovery while so many are suffering. President Trump has been working around the clock to slow the spread of the Wuhan virus and get the economy going again, but Nancy Pelosi and Chuck Schumer have used this crisis to push their radical socialist agenda and grow the size of government. Twice now, Nancy Pelosi held American families, workers, and businesses hostage for days by delaying relief funding in the name of securing tens of millions of dollars for the Kennedy Center, pushing her Green New Deal, changing voting laws, and growing government to advance her radical socialist agenda.

Even more recently, there have been calls to give handouts to failing state and local governments, not because of the coronavirus, but because these states have been mismanaged and run irresponsibly. The American taxpayer should not bail out state and local governments for the reckless fiscal decisions made before the coronavirus.

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SBA: 2.2 Million Loans, $175B Issued So Far in 2nd Round of Paycheck Protection Program

The Small Business Administration and the U.S. Treasury revealed Sunday that the second round of the Paycheck Protection Program has issued 2.2 million loans, totaling $175 billion.

PPP loans are forgivable loans for small businesses to offset some of the losses experienced by the response to the COVID-19 pandemic. The loans are meant to provide a direct incentive for small businesses to keep their workers on the payroll.

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Failed Presidential Candidate Julian Castro Says Federal Relief Packages Should Include Illegal Aliens

Former 2020 Democratic presidential candidate Julian Castro said that those living unlawfully in the United States should be included in coronavirus relief packages doled out by the government.

Castro gave an interview to the Daily Kos divulging his thoughts on the recent coronavirus pandemic and how the United States should handle the crisis. Much like his time on the presidential campaign trail, Castro staked out progressive positions on the intersection of illegal immigration and role of American government.

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Democrats Across the Country Are Fighting to Give Coronavirus Aid to Illegal Aliens

by Jason Hopkins   Democratic lawmakers in Congress are calling on the federal government to make illegal aliens eligible for federal relief amid the coronavirus pandemic, while local and state Democratic leaders have already made their coffers available for those living unlawfully in the country. President Donald Trump signed the CARES Act…

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Wells Fargo Bows Out of Small Business Bailout Program After Receiving $10 Billion of Loan Applications

One of the largest banks in the United States announced that it is no longer accepting applications for a federal program aimed at rescuing small businesses affected by the coronavirus pandemic.

Wells Fargo has stopped accepting new applications for the government’s Paycheck Protection Program, an initiative created by the government to assist U.S. businesses that employ fewer than 500 people. The bank’s decision came after it was inundated with billions of dollars in loan requests since Friday.

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Commentary: $350 Billion of Forgivable Loans for 8 Weeks Won’t Be Enough to Save 30 Million Small Businesses

One of the key aspects of President Donald Trump and Congress’ $2.2 trillion coronavirus relief package are provisions for $350 billion for 30 million small businesses to cover payrolls for 60 million Americans for eight weeks to encourage people to stay home to wait out the Chinese coronavirus pandemic.

Along with the expanded unemployment and credit facilities covering critical industries and larger employers, the policy is designed to ensure that in saving as many lives as possible — the White House coronavirus task force has said as many as 2.2 million Americans could die without social distancing — we don’t find ourselves in a long, deep recession or depression as a result that might take a decade to recover from.

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Commentary: The Coronavirus Crisis Is President Trump’s Opportunity for Lasting Victories for His America First Agenda

When Rahm Emanuel told audiences that former President Barack Obama should “never let a serious crisis go to waste,” he was applauded. Emanuel was referring to the Obama Administration’s response to the Great Recession. Clearly, President Obama agreed. Obama ushered in the greatest reorganization of the American socio-economic order under the auspices of resolving the financial crisis (which, of course, Obama never actually did resolve).

Similarly, the outbreak of the novel coronavirus from Wuhan, China offers President Trump a momentous opportunity to enact his own sweeping agenda – all of which would be far more beneficial to the American people than Obama’s statism. Trump needs to press his advantage with as much vigor and alacrity as Obama pressed his during the financial crisis.

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Commentary: The Good, the Bad, and the Ugly in the Coronavirus Stimulus

The House of Representatives on Friday passed the Senate’s $2 trillion coronavirus relief package and sent it to the president. What initially began as a bill designed to help the workers and families hurt by job loss or disruption caused by government measures to fight coronavirus morphed into an 880-page behemoth.

Here are the highlights: the good, the bad, and the ugly.

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