Should Congress pass this $1 trillion economic relief bill during the coronavirus outbreak?

Awaiting Vote
Bill Summary

The CARES Act aims to stabilize the economy and provide economic relief in three main ways: (1) economic aid through direct payments - “recovery rebates” - to Americans under a certain income threshold. Americans can receive up to $1,200 as individuals and up to $2,400 for couples. (2) $200 billion to airlines and other such distressed industry sectors like hotels. (3) $300 billion in forgivable bridge loans for small businesses and private organizations, in an attempt at helping small businesses avoid mass layoffs. Businesses would be able to take out loans guaranteed by the Small Business Administration, which could be used for salaries, mortgage payments, medical and family leave, and health care benefits. Sponsor: Sen. Mitch McConnell (Republican, Kentucky)
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Opponents say

• “The pandemic is spreading, economic collapse is looming, and Republicans seem to be prioritizing the corporate tax wishlist over the economic well-being of people who are losing their livelihoods at this very moment… Their proposal would do nothing to expand unemployment assistance for those who have lost their jobs overnight.” Source: Sen. Ron Wyden (Democrat, Oregon)
• “The people that need help the most are small businesses, hourly workers, people who rely on tips, and gig economy workers like Uber and Lyft drivers… The federal government should be a safety net for those who need it most. But even in times of crisis, we can’t forget about fiscal responsibility. … The proposals being debated in Congress right now include giveaways to big corporations, mandates that will shut down small businesses, and policies that I fear won’t help the people that need it most.” Source: Sen. Rick Scott (Republican, Florida)
• “Democrats support a plan that puts ‘Workers First’. That means taking bold action to help workers and small businesses first by greatly increasing unemployment insurance and Medicaid, making massive investments to help small businesses survive, expanding paid sick and family leave and putting money directly into the hands of those who need it most." Source: House Speaker Nancy Pelosi (Democrat, California) and Sen. Chuck Schumer (Democrat, New York)

Proponents say

• "[It will deliver] direct financial help for the American people, rapid relief for small businesses and their employees… significant steps to stabilize our economy and protect jobs, [and] more support for the brave health care professionals and their patients who are fighting the coronavirus on the front lines." Source: Sen. Mitch McConnell (Republican, Kentucky)
• “It is intended to ensure that employees can make it through this period, that the small business can make it through this period, and when this crisis passes that they can unite and we’ll still have vibrant Main Street businesses employing millions of Americans… that’s the concept we’re working hard on.” Source: Sen. Susan Collins (Republican, Maine)
• “The president has instructed his team to look very expansively at what we need to do and not be impeded by the potential price tag of what's necessary here… I've said in different times, we'll fix the deficit… This is not the time to worry about it.” Source: Eric Ueland, White House Legislative Affairs Director