A Deal for Coronavirus Fiscal Relief
Alex Brill and Betsey Stevenson | The Hill
We recently had the honor of testifying before the House Ways and Means Committee on the effects of inaction on coronavirus fiscal legislation. One of us was invited by the Republicans and the other by the Democrats. The basis of the hearing was the Heroes Act, a $3 trillion bill that passed the House in the spring on a party line vote with about $1 trillion in tax cuts and $2 trillion in new spending.
While negotiations appear to have stalled, we believe it is critical to promptly send more relief to families and businesses to encourage the recovery. Despite our own policy differences, we have found consensus on several issues in the negotiations.