Meadows Hints at More Executive Actions (Trump)
This is my stimulus update for Saturday, August 29.
Meadows Talking $1.3 Trillion Stimulus and Executive Actions
First and foremost, as I told you yesterday, the stimulus talk between Mark Meadows and Nancy Pelosi earlier this week went nowhere, it was all of twenty-five minutes with no progress.
Meadows later said that Trump would be open to a $1.3 trillion package, that’s the highest number — apart from Peter Navarro’s $2 trillion claim which appears to have been inaccurate — $1.3 trillion is the highest number we’ve heard from the Republicans on a second stimulus bill.
Meadows was talking to Eric Bolling yesterday about the conversation, and of course this is just his side of the story, but he’s making it out to be that the White House is willing to go up to $1.3 trillion, but Pelosi is standing firm at $2.2 trillion like I told you yesterday, and Meadows is saying that Pelosi, and we heard this about Schumer as well, that the Democrats just want a topline number for the Republicans to agree to and then Democrats fill in the details later.
I don’t know if this is true, but this is just what the Republicans have been saying, Mark Meadows is not optimistic about stimulus negotiations, and so he said that Trump may take more executive actions, here’s the clip.
Eric: Is there any news you can update us on on the negotiations with the democrats surrounding some of the COVID aid?
Mark Meadows: Well, I just wanted to let you know, and thank you for bringing it up, Eric. And so I’ll share with you details of a conversation that I had with Speaker Pelosi yesterday that I’ve not shared with anybody else spent about 25 minutes on the phone trying to get assistance for not only for the the people that are hurting for those that need enhanced unemployment and businesses that are struggling, but assistance for our teachers and education for for daycare, additional assistance there so that we can deal with this in a real way. And, so as I had that discussion with her, she made the most compelling and contradictory statements that I think I’ve ever heard, because what she said was, is She wants to spend $2.2 trillion. That 1.3 trillion is not enough. But what she went further to say is, is she didn’t want to give any of the details on how she would spend that $2.2 trillion. And so when I said, “Well, what would that mean for education?”, Pelosi said, “I’m not going to tell you”. “What is that going to mean, for state and local health?”, “I’m not going to tell you”, you’re supposed to trust the Speaker of the United States with the hardworking American taxpayer dollars. I can tell you, it’s not her money. It’s the people that are watching right now. We’re going to be good stewards of that. And as we look at that, it’s it’s critically important that we find some solutions. There’s been one person who’s been willing to act and I pointed this out to the speaker yesterday. It hasn’t been Congress. It’s been the President of the United States that makes sure that we have enhanced unemployment. We make sure that eviction protection is there and making sure that we take student loans and say, you don’t have to pay those loans during this pandemic time. It’s it’s also been the president of the United States that says, let’s give the American people more money in their pocket book and with the payroll deduction, tax deferral and so he’s acting when Congress won’t.
Eric: So do you feel that they’re willing to make the negotiation to come to a deal or no?
Mark Meadows: I’m not optimistic that we’re going to get a deal. Nancy Pelosi would rather play politics than focus on the people, this President is going to focus on the people. So we’re going to look at additional executive actions.
Meadows said they’re looking at additional executive actions. But the question is, what could they really do of any significance?
What funds could they tap into to really make a difference right now? I don’t know. They had to tap into FEMA’s Disaster Relief Fund to fund these $300 weekly retroactive payments, so I don’t know where they would get this additional money from to do anything significant for the people.
Pelosi’s Response
Pelosi for her part responded to Meadows yesterday with a Dear Colleague letter, saying, “The Democrats are unified, but the Republicans are in disarray. Press reports are stating that Mitch McConnell has come down to $500 billion in his proposal and that Mark Meadows is saying that the White House might go to $1.3 trillion. Neither of these proposals would meet the needs of American workers and families.”
She criticized the Republicans’, in her view, reluctance to give more money for testing and tracing and schools and state and local government aid.
Frankly, I don’t get the skinny Republican bill like Pelosi said, like, what’s the point of this skinny bill that has no chance, it’s like the other extreme of the HEROES Act? But on the other hand, I wouldn’t say that Democrats are exactly unified either, because we know a lot of the “little guy”, the “little gal” Democrats from your local districts out there want compromise, but Pelosi’s holding out.
Both Sides A Little Bit Closer
But look, I guess in a sense if we want to extract some good news out of this it’s that both sides have inched a little bit closer together, Pelosi had originally said we want $3.4 trillion but we’ll go down to $2.4 trillion and now she’s saying $2.2 trillion, Republicans had originally proposed $1 trillion and now they’re up to, at least according Meadows from the White House’s perspective, $1.3 trillion. So for the first time they’re less than $1 trillion apart, the difference between $1.3 trillion and $2.2 trillion being, of course, $900 billion.
Good news? Sure, I’ll call it good news even though the negotiations are pretty flat right now.
What to Look For Next Week
So what do we have to look forward to next week, the first week of September?
Well, there are two key dates.
The first key date is Tuesday, September 1, at 1:00 PM Eastern Time. At that time, Treasury Secretary Steven Mnuchin, one of the two Republican stimulus negotiations, the other being Mark Meadows, will testify remotely in a hearing before the House Select Subcommittee on the Coronavirus Crisis.
The hearing is basically about stimulus and the ongoing need for more relief for the people.
The other key date is Friday, September 4, that’s a week from yesterday, when the Bureau of Labor Statistics will release the August jobs report, as you know, these jobs reports inform a lot of opinions about the next stimulus package among those in Congress.
Payroll Tax Deferral Update
Before we talk unemployment let’s talk about the payroll tax deferral since Tuesday, September 1, is the date when the deferral per the memorandum goes into effect, and the IRS issued guidance with respect to how employers should handle the deferral if they choose to do so.
And essentially the IRS is saying, look, employers, if you do opt into this deferral so your employees can get a little bit extra in their paychecks, 6.2% up $137,700, from September 1 through the end of the year, but they’re going to have to pay it back through their paychecks from January 1 through April 30, 2021.
And Trump of course simply said that if re-elected he wants to forgive these Social Security taxes entirely and Mnuchin said in that case to make up for them a transfer would be made from the Treasury’s General Fund to the Social Security Trust Funds.
Reality? I don’t think that, if Trump is reelected, he will be able to convince Congress to mess with the payroll tax, because Democrats, who will almost certainly retain the House, they will want to make him look as bad as possible if reelected, and what could make him look more bad than people getting less money in their paychecks next January through April?
It’s just a mess.
Unemployment Update
Yesterday, both Wyoming and Oregon were approved by FEMA for the grant for $300 weekly unemployment boost for three weeks, which will likely just be retroactive, that brings the total number of approved states to thirty-seven, with only five, Arizona, Texas, Louisiana, Missouri, and Tennessee actually paying at this point.
Also, yesterday, Minnesota announced that it applied for a FEMA grant, leaving only Nebraska and the District of Columbia having not stated whether they will apply or have applied for a grant.
It is in reality a nice and useful piece of info. I am satisfied that you simply shared this useful info with us. Please keep us up to date like this. Thank you for sharing.
What Is Exactly ZenCortex? ZenCortex is an optimal hearing function support
I am not rattling superb with English but I line up this real easygoing to understand.
Definitely, what a magnificent website and enlightening posts, I surely will bookmark your blog.All the Best!
I’ll immediately grasp your rss feed as I can’t in finding your email subscription hyperlink or newsletter service. Do you’ve any? Please permit me realize so that I may just subscribe. Thanks.
I really like what you guys are usually up too. Such clever work and coverage! Keep up the wonderful works guys I’ve incorporated you guys to our blogroll.
Wow! This can be one particular of the most useful blogs We’ve ever arrive across on this subject. Actually Great. I am also a specialist in this topic so I can understand your hard work.
I’ve been browsing on-line more than 3 hours nowadays, but I never found any interesting article like yours. It is lovely price sufficient for me. In my view, if all website owners and bloggers made good content material as you did, the web can be much more helpful than ever before.
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
I’m still learning from you, but I’m trying to achieve my goals. I definitely love reading all that is written on your website.Keep the stories coming. I loved it!
What Is Sugar Defender? Sugar Defender is made of natural plant-based ingredients and minerals that support healthy blood sugar levels.
Hello.This article was extremely remarkable, particularly because I was searching for thoughts on this subject last couple of days.
I am so happy to read this. This is the type of manual that needs to be given and not the random misinformation that is at the other blogs. Appreciate your sharing this best doc.
Appreciating the hard work you put into your blog and in depth information you offer. It’s awesome to come across a blog every once in a while that isn’t the same unwanted rehashed information. Excellent read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.
I’ve been browsing online more than three hours as of late, yet I by no means discovered any fascinating article like yours. It’s beautiful worth enough for me. Personally, if all site owners and bloggers made excellent content material as you did, the internet will be much more helpful than ever before. “No nation was ever ruined by trade.” by Benjamin Franklin.
Amazing! This blog looks just like my old one! It’s on a totally different subject but it has pretty much the same page layout and design. Excellent choice of colors!
I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get got an impatience over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this hike.
Your home is valueble for me. Thanks!…
You have mentioned very interesting details! ps decent internet site. “We simply rob ourselves when we make presents to the dead.” by Publilius Syrus.
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.
Hi just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same results.
Valuable information. Lucky me I found your website by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.
I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.
F*ckin’ tremendous issues here. I am very happy to look your article. Thank you a lot and i am taking a look ahead to contact you. Will you kindly drop me a mail?
Excellent post. I was checking continuously this blog and I’m impressed! Extremely helpful information specially the last part 🙂 I care for such information a lot. I was looking for this particular information for a long time. Thank you and best of luck.
I want to express some appreciation to the writer for rescuing me from this trouble. Because of checking through the search engines and coming across things which were not productive, I assumed my entire life was over. Living without the presence of answers to the problems you have fixed by means of your entire website is a serious case, and the ones that could have badly damaged my career if I had not come across your website. Your good mastery and kindness in dealing with all things was very helpful. I am not sure what I would have done if I had not discovered such a point like this. I can also now look ahead to my future. Thanks a lot so much for this skilled and amazing help. I won’t think twice to refer your blog post to anyone who would like assistance about this subject.
Valuable info. Lucky me I found your web site by accident, and I am shocked why this accident did not happened earlier! I bookmarked it.
I am always searching online for articles that can aid me. Thank you!
I think you have remarked some very interesting details , thankyou for the post.
I actually wanted to write down a simple remark so as to say thanks to you for all of the superb concepts you are writing at this site. My time-consuming internet search has now been rewarded with pleasant knowledge to exchange with my friends. I would suppose that we site visitors are definitely blessed to be in a superb place with very many special individuals with good advice. I feel quite happy to have come across your web page and look forward to many more brilliant moments reading here. Thanks a lot once more for a lot of things.
Bonjour,Just found out your website through initially looking for “The horse fable”, yours was great, I was actually looking for “the Horse and the stag”.Mentioning this just to highlight the magic of internet, random search then I found this brilliant website with genuine and impacting articles, I am reading your articles since an hour now, and all those I came across were well composed and giving wise advices in life.This article on meditation touch me particularly because following a depression I came into a buddhist monastery to experience a retreat, and I relate much to what you are telling there.Keep up your amazing workA newly-earned French follower.Hi! I love how informative and great your articles are. Can you recommend any other blogs that share recipes of Paleo Bars or any other healthy snack recipes? Thanks a lot!Thanks for this interesting article, precise and wise. Now, I’m a job seeker and would love very much some examples of how to respond correctly to some of these questions.Recently I had an interview and did not get the job. So obviously did something wrong. Even though I asked for feedback to the recruiter, never got a response. Maybe you can give me some good examples for my next one? Thanks
Oh my goodness! an incredible article dude. Thanks Nevertheless I am experiencing challenge with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anyone who knows kindly respond. Thnkx
I like what you guys are up too. Such smart work and reporting! Carry on the superb works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my website 🙂
I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this hike.
Thank you a lot for providing individuals with such a wonderful possiblity to read critical reviews from this site. It is often so kind and as well , stuffed with amusement for me and my office mates to search your site a minimum of thrice a week to learn the fresh things you have got. And of course, I am just always happy with all the spectacular secrets you give. Selected 4 facts in this posting are indeed the most beneficial I’ve ever had.
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
What i don’t understood is actually how you’re now not actually much more well-preferred than you may be right now. You’re so intelligent. You know therefore significantly in the case of this subject, made me for my part imagine it from numerous numerous angles. Its like women and men are not interested except it is one thing to do with Woman gaga! Your personal stuffs nice. Always handle it up!
Outstanding post, you have pointed out some fantastic points, I also conceive this s a very good website.
Terrific work! This is the type of info that should be shared around the net. Shame on Google for not positioning this post higher! Come on over and talk over with my web site . Thank you =)
Outstanding post, I believe people should learn a lot from this weblog its rattling user genial.
What i don’t realize is in fact how you’re now not really much more well-liked than you might be now. You’re so intelligent. You realize thus significantly when it comes to this subject, produced me personally believe it from numerous varied angles. Its like women and men don’t seem to be fascinated except it is something to accomplish with Woman gaga! Your own stuffs outstanding. All the time take care of it up!