ABSTRACT

Senate's Coronavirus Bill: Bailouts, Missed Opportunities, and Positive Reforms   [open pdf - 183KB]

From the Key Takeaways: "[1] Congress's response to the economic consequences of the coronavirus should be targeted, temporary, and directed at public health efforts while limiting political abuse. [2] While the CARES [Coronavirus Aid, Relief, and Economic Security] Act includes positive reforms, providing $200 billion in bailouts to select industries fails to meet these targeted and temporary objectives. [3] The Senate must significantly reform these special benefits to limit abuse, reduce the need for bailouts, and get aid directly to affected workers."

Report Number:
Heritage Foundation Backgrounder No. 3479
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Publisher:
Date:
2020-03-20
Series:
Copyright:
Heritage Foundation. Posted here with permission. Documents are for personal use only and not for commercial profit.
Retrieved From:
Heritage Foundation: http://www.heritage.org/
Format:
pdf
Media Type:
application/pdf
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