New Stimulus Could Mean a Longer Recession

New Stimulus Could Mean a Longer Recession

(AmericanProsperity.com) – On Wednesday, Rep. Kevin Brady (R-TX) said Democrats were more concerned with protecting special interests than preventing a long-term recession. On Tuesday, House Democrats released a 1,800 page, $3 trillion stimulus bill they formulated without GOP input. There’s a lot to this bill, including:

  • More direct stimulus money to Americans and some illegal immigrants
  • Student loan aid
  • Rent and mortgage aid
  • Extended unemployment benefits until January
  • $1 trillion for state and local governments
  • Undo parts of the 2017 tax bill

Instead of helping the country, it appears Democrats want to pick a partisan fight. Brady said the bill is nothing more than a “recipe for a prolonged recession.” Over 30 million Americans are collecting unemployment and, according to Brady, the bill does nothing to get them back to work.

The House is expected to vote on the bill on Friday. However, it’s not likely to be taken up by the Republican-led Senate. Senate Majority Leader Mitch McConnell (R-KY) recently said the previous stimulus bills need time to work into the economy. Republicans are also deeply concerned about government spending and the trillions of dollars in new debt.

~Here’s to Your Prosperity!

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