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Senate Minority Leader Chuck Schumer (D-N.Y.) railed last week against Republicans’ proposal to modestly reduce unemployment insurance benefits. Republicans were concerned that the $600 weekly unemployment insurance benefit has harmed the recovery from the severe disruptions caused by partial economic shutdowns in response to COVID-19.
Only a few days after Congress passed a massive $2.3 trillion bill, the CARES Act, in response to the COVID-19 crisis, some in Congress are already eyeing a “Phase IV” bill as a vehicle for their pet legislative priorities that have nothing to do with the pandemic. As we learned last week, Speaker Nancy Pelosi (D-Calif.) was more than willing to use this crisis to shill for leftist policies, but it’s becoming a bipartisan problem.