Congress agreed on a $900 billion coronavirus relief package Sunday, overcoming several last-minute stalemates over the Federal Reserve’s lending powers and direct cash payments, Senate leaders announced.
“At long last, we have the bipartisan breakthrough the country has needed,” Senate Majority Leader McConnell said Sunday on the Senate floor. “I hope we can do this as promptly as possible.”
Congresswoman Ilhan Omar (D-MN-05) and Senator Bernie Sanders (D-VT) introduced a bill Friday to tax billionaires sixty percent of their pandemic-earned assets. The proposed bill, “Make Billionaires Pay Act,” would use the tax money to cover individual healthcare expenses for one year.
In a tweeted video, Sanders argued billionaires have profited off the coronavirus pandemic while the rest of the country has suffered.