The US House of Representatives has allocated another $3 trillion to support the economy

12 months ago

The U.S. House of Representatives passed a bill to allocate an additional $3 trillion to support the economy in the context of the Coronavirus Pandemic, according to the voting results.

The document under the pathos name “The Act on Heroes” (workers in vital industries) was supported by Democrats, who have a majority in the House. Republicans, who usually oppose the direct distribution of money to states and organizations, preferring tax breaks, were mostly opposed.

There were 208 congressmen in favor of the bill and 199 against it.

Now the Speaker of the House, Nancy Pelosi, will bargain with the Senate, where Republicans have the majority, and the White House. Both Republicans in the Senate and the White House spoke out against this move, saying that not enough time has passed since the last two trillion dollar aid package to determine whether the American economy needs such a giant injection. Republican leader in the Senate Mitch McConnell expressed skepticism about the bill – he said a more “narrowly focused” document was needed. Advisor to the U.S. President on the economy Larry Kudlow, in turn, said that the law, in his opinion, is directed “past the goal.

To date, Congress has allocated about $3 trillion to support the economy.

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