Pelosi and Mnuchin Continue On The Stimulus Roller Coaster

WASHINGTON, D.C.—House Speaker Nancy Pelosi continues to deny the American people a second stimulus.  Pelosi sent a letter to Treasury Secretary Mnuchin reiterating her demands for the Trump Administration’s response on multiple outstanding items in COVID relief negotiations, that includes a bailout for America’s badly managed liberal cities.  

Pelosi focused more on the economy in her letter to Treasury Secretary Mnuchin that the needs of the people, i.e. food, housing, and returning children back to school and reopening our Nation to get people back to work.

 “Meanwhile, as the coronavirus surges and the stock market plummets, said Pelosi.  The Speaker continues to ask for an all or nothing  stimulus package.   Pelosi continues to seek funding for State and local government that mismanaged funding  “a response on funding for state, local, tribes and territories that will honor our heroes and prevent devastating cuts to services,” added Pelosi.  State and local governments services are income which Counties, townships, cities, and states collect some of their money from licenses and fees and state-operated businesses, but about half of state revenue comes from taxes. Two other sources of income are grants from the federal government and, in some states, lotteries.  But Pelosi wants the taxpayers to fund State and local governments resources on education, health, and social service programs. In 2017, about one-third of state and local spending went toward combined elementary and secondary education (21 percent) and higher education (10 percent).  Pelosi’s plan would bankrupt taxpayers who are already struggling to return to work and to maintain their homes.

Pelosi and Presidential Candidate Joe Biden continues to over state the number of Americans who is in poverty. 

“The Census Bureau calculates the poverty rate in different ways. Using the official poverty measure, 12.3 percent of U.S. residents were below the federal poverty line in 2017. Using the supplemental poverty measure, the rate was 13.9 percent. Biden says it’s much more: almost half the country.”

Federal aid is allocated to states for a variety of purposes, primarily to supplement state funding for programs through various federal programs, such as Medicaid payments, education funding assistance, infrastructure assistance.  But Pelosi is holding out–of negotiation for addition dollars.

Most states that rely on federal funding are:

US map showing a ranking of each state in terms of the percentage of federal aid that makes up its budget

 During the COVID-19 pandemic President Donald J. Trump provided supplemental funding to states who were facing emergency health care crisis, i.e. New York, 

“Democrats are primarily interested in a $1 trillion bailout of the poorly run states,” President Donald Trump said at a press briefing on Wednesday. “We’re not going to go along with that.” 

Treasury Secretary Steve Mnuchin responded to Pelosi, stating that her released stimulus letter at midnight Thursday to the media before allowing him to respond to her letter— has made it more difficult for both sides to  reach an agreement prior to Tuesday’s election.

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