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....to the GOP bill in the Senate:
• McConnell’s bill includes a $500,000,000,000.00 corporate slush fund for CEOs and the ultra rich — while leaving workers, families and children out to dry. • McConnell’s bill has weak stock buyback language that can be waived by the Treasury Secretary; executive compensation limits only last for two years; language on worker retention is weak and includes easy outs for companies; there are no assurances in the language that workers will benefit. • The bill provides little transparency of the lending done by Treasury (amount and to whom?). • There are no specific provisions to protect from individuals from eviction, foreclosure or forbearance. • No money for state and local governments. • No additional SNAP funds. • No OSHA language to protect workers. • No expanded emergency leave provisions. • Only 3 months on Unemployment Insurance – this is an insufficient length given the scope of the crisis. • No money to help with the treatment of the uninsured. • The bill does not provide adequate relief for the 44 million federal student loan borrowers.” |
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