DC Tax Flash: Trump Ends Talks with Congress on Pre-Election Virus Relief Bill
The president today announced that he is breaking off further talks on a pre-election virus relief package, promising to restart work on a stimulus bill after voters make their choice in November.
The president posted the following on Twitter this afternoon: "We made a very generous offer of $1.6 Trillion Dollars and, as usual, she [House Speaker Nancy Pelosi] is not negotiating in good faith. I am rejecting their request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business."
He urged Senate Majority Leader Mitch McConnell (R-KY) to instead "focus full time" on confirming Supreme Court nominee Amy Coney Barrett.
Speaker Pelosi issued a statement today blaming the President for ending negotiations. "[T]he president is abandoning meeting the needs of our children as they adjust to learning in-person, virtual or hybrid," she said. "Instead, Trump is wedded to his $150 billion tax cut for the wealthiest people in America from the CARES Act, while he refuses to give real help to poor children, the unemployed and America’s hard working families."
Miller & Chevalier Coronavirus Task Force
The outbreak of COVID-19 is creating significant business and legal challenges for companies throughout the world. In response to client demand, the firm has formed an interdisciplinary task force to help businesses navigate these issues.
This, and related communications, are protected by copyright laws and treaties. You may make a single copy for personal use. You may make copies for others, but not for commercial purposes. If you give a copy to anyone else, it must be in its original, unmodified form, and must include all attributions of authorship, copyright notices, and republication notices. Except as described above, it is unlawful to copy, republish, redistribute, and/or alter this presentation without prior written consent of the copyright holder.