Last week, health leaders, including Dr Anthony Fauci, warned the public the risk that the delta variant poses to the “Attempt to eliminate COVID-19”. Fauci reported that the variant, taking over areas where vaccination rates are lower, is about sixty percent more contagious than the alpha strain that had ravaged the UK.
As the vaccination campaign has continued to slow down, concerns about the delta variant have public health and economic policy experts feared that this would slow the recovery and prolong the duration of the pandemic. With this new information in hand, some organizations and legislators have continued their pressure continues for a fourth stimulus check. However, widespread opposition from Republicans at federal and state level make it unlikely that another payment will be made anytime soon.
This opposition does not account for many households, where income deficits seem be a source of concern around the country. In the recent household stock exchange survey, over 230 million households were asked whether they had or expected to experience a decrease in household income. Among the respondents, almost two in ten replied that they had experienced a reduction, and twelve percent said a loss of income was expected in the next four weeks.
Negotiations at the White House
Food insufficiency remains above pre-pandemic levels for all Americans, but among black and Latino households, the problem is particularly acute, according to the latest data from the US Census Bureau’s Household Pulse Survey. @ karinadanielle6 (paywall) https://t.co/dWkjWw4Jvm
– FoodEnvReportingNet (@FERNnews) June 23, 2021
As the White House continues to negotiate with key Republicans over Infrastructure, there have been no Iindicators that a stimulus check would be included in the spending package. Overall, the GOP believes that enough, or too much, the stimulus has passed. Many leaders would like to see more people return to work before discussing the benefits of another check.
The president and his administration did not say Biden was opposed to another payment but made it clear that he will not be leading the push for another check. President Biden ran as moderate and on his political record as a person willing to work across the aisle. With the republicans in step against a third check, the president may not want to risk self-isolation or isolation.
The state of the bipartite infrastructure package announced last week remains in a fragile state as disagreements over reconciliation emerged late last week. Some Republicans, who originally supported the proposal, now say they will not vote for if Democrats decide to move their agenda forward using a tool known as budget reconciliation. Many Democrats, on the other hand, said they would only support the $ 579 billion infrastructure plan if their priorities are included in a reconciliation bill. This bill could include a permanent extension of improve the child tax credit, more funding for fight against climate change, and other progressive priorities.
Reconciliation only requires a bill to pass into the Senate by simple majority, rather than the threshold of sixty votes to which most bills are subject. The American rescue plan, which enjoys wide public support, went through reconciliation. Democrats chose to go this route because the package did not collect any Republican votes, which would have been necessary avoid its passage without the parliamentary tool.
Republicans worries about government aid and inflation
In addition, the Republican Party and more conservative economists fear that the passage of an additional stimulus at this stage of the recovery could lead to a inflation crisis. For many in the GOP, the inflation problem is motivated by the trillions of stimulus measures adopted in March and the maintenance of the payment of generous unemployment benefits. Mant governors who called for an end to these benefits blame them for creating a labor shortage because companies are forced to compete with unemployment benefits.
Over twenty-five states, including Democrat-led Louisiana, called for an end to all additional federal unemployment benefits in the event of a pandemic, including the $ 300 sent in addition to government payments. With more than a dozen states already ending the benefit, some reports have shown it has had little impact on the number of people seeking employment. In some states that have suspended payments, job searches have declined.
Half of the unemployed received no benefit. Can anyone explain why they “don’t want to work?”
Job searches are lower in states that ended $ 300 benefits earlier. Can anyone explain why they “don’t want to work?”
Calling people lazy is easier than recognizing that most jobs just suck. https://t.co/aFmC64C3d8
– Dan Price (@DanPriceSeattle) June 26, 2021
However, both Jerome Powell, Presidents of the Federal Reserve and Janet Yellen, Secretary of the Treasury, stated that the recent price increase is part of economic stabilization. This spring, many in the United States have increased their spending to levels not seen since before the pandemic took hold. This increase in spending means that demand is on the rise, while the supply chains to create these goods have not recovered, first has a sharp price increase many consumer goods.
As the United States approaches summer and we understand the possibilities better impact variants could have on the economic recovery, the arguments on a fourth direct payment become more obvious. A common phrase used by health experts and lawmakers is that we are “build the plane while we fly itÂ», A disturbing reminder that the future of health and economic of the country is very unknown at present.