Pelosi Pushes Ahead On Massive Virus Bill, But GOP Wary - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Top Stories
Washington Wire RSS Get our newsletter
Order Prints
May 6, 2020 Washington Wire
Share
Share
Post
Email

Pelosi Pushes Ahead On Massive Virus Bill, But GOP Wary

Associated Press

WASHINGTON (AP) — Even in absentia, House Democrats are seeking to drive the debate on the fifth coronavirus response bill, promising to produce a mega-package stuffed with Democratic priorities even as a chorus of GOP leaders voices hesitation about more spending.

Speaker Nancy Pelosi promises that the Democratic-controlled House will deliver legislation to help state and local governments through the COVID-19 crisis, along with additional money for direct payments to individuals, unemployment insurance and a third installment of aid to small businesses. The amount of funding is to be determined.

The California Democrat is leading the way as Democrats fashion a sweeping package that is expected to be unveiled soon even as the House stays closed while the Senate is open in the pandemic.

The contours of the next package are taking shape despite Republican resistance to more spending and a deepening debate over how best to confront the pandemic and its economic devastation. Some Republicans such as Sen. Mitt Romney of Utah and a group of GOP governors want to be more generous to states confronting furloughs and cuts to services as revenues plummet and unemployment insurance and other costs spike.

Senate Majority Leader Mitch McConnell said Tuesday it's time to push “pause” on more aid legislation — even as he repeated a “red line” demand that any new aid package include liability protections for hospitals, health care providers and businesses operating and reopening.

McConnell and other Republicans, however, ducked the chance to endorse President Donald Trump's demand for a cut to Social Security payroll taxes as a salve for the economy. Many lawmakers think the payroll tax cut is a bad idea because it only boosts paychecks but doesn't help people thrown out of a job.

“I’ve never thought that really would be very effective,” Sen. Susan Collins, R-Maine. She said she’s working with a bipartisan, bicameral group on a state and local aid package.

Trump is encouraging states to reopen and Republicans hope the gradual comeback will kick-start the economy, reducing the pressure for more pricey aid.

Trump took to Twitter on Tuesday with a repackaged set of demands.

“Well run States should not be bailing out poorly run States, using CoronaVirus as the excuse! The elimination of Sanctuary Cities, Payroll Taxes, and perhaps Capital Gains Taxes, must be put on the table," Trump tweeted.

Having reconvened this week, Senate Republicans are trying to set the terms of debate, frustrated by a negotiating dynamic on previous bills that empowered Democrats and sent costs spiraling. But they’re divided among themselves and reluctant to unleash federal funds beyond the nearly $3 trillion Congress has already approved for virus relief.

“I just don’t think we need to act as quite urgently,” Sen. John Cornyn, R-Texas, told reporters at the Capitol. But Cornyn, who is up for reelection this year, and other rank-and-file Republicans promise there will be further coronavirus legislation.

“I think all of us are going to get our papers graded in November based on how we responded. This is going to be the dominant issue in every election in the country," Cornyn said.

A freshman Republican senator, Missouri's Josh Hawley, said: “If we enter a long-term recession or depression, the concerns we have about deficit spending now are going to look like a walk in the park."

One idea gaining traction among Republicans is to allow greater flexibility on $150 billion in aid that's already been delivered to states and larger cities. That money is supposed to be used to pay for COVID-19 response, but governors in some states won't be able to use it all for that purpose and want to use it to make up for revenues lost as the country slides into recession.

Associated Press writers Lisa Mascaro and Kevin Freking contributed to this report.

Older

UI challenged on delay in cleanup of English Station site in New Haven

Newer

Sen. Paul Introduces American Healthshare Plans Act to Expand Affordable Health Insurance Coverage and Modernize System

Advisor News

  • Navigating client communication in a digital age
  • Can your advisory firm survive without you?
  • I started using AI, but what now?
  • How to support an entrepreneur client with multiple businesses
  • Could a narrower focus help grow your practice?
More Advisor News

Annuity News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
More Annuity News

Health/Employee Benefits News

  • Health plans task force fight Medicaid fraud
  • Recent Findings from Brown University Provides New Insights into Managed Care (Use of Brokers In Medicare Advantage and Standalone Part D Plans): Managed Care
  • More than 1,700 Pottawattamie County residents face Medicare plan cancellations
  • KENTUCKY CAN CUT HEALTH PREMIUMS WITHOUT SPENDING A DIME
  • SpecialtyCare sues Anthem over $2.5 million in unpaid awards
More Health/Employee Benefits News

Life Insurance News

  • Americans Worry They Can’t Afford Health Care in Retirement, Allianz Life Study Finds
  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • Virginia orders Atlantic Coast Life to halt new business Nov. 1
  • AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
  • AM Best Upgrades Credit Ratings of Fidelity Life Association, A Legal Reserve Life Insurance Company; Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Life/Health Subsidiaries
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.