Can A Mask Prevent Coronavirus
can a mask prevent coronavirus, It’s too early to completely understand the scope of coronavrius and if a “stimulus” could be required here. But we are hearing chatter on Capitol Hill about tax cuts. More government spending. Rebates for travel. But unlike in 2009, it’s doubtful any legislation will simply be an infusion of cash centered around economic recovery. Infrastructure was a hallmark of the much-maligned 2009 stimulus plan engineered by Democrats. There are regular emanations from the Trump Administration about infrastructure. “Infrastructure week” is a running joke in Washington. Lawmakers from both sides of the aisle would love to pursue an infrastructure package. Yet nothing ever happens. The Trump Administration and some Republicans on Capitol Hill spoke about “tax reform 2.0” long before coronavirus hit. But those discussions largely went nowhere. That’s partly because Democrats now control the House.
can a mask prevent coronavirus - There is also consternation in high tax states about how well voters received the new tax policy of a couple of years ago. There’s also a question whether Republicans really want to wade into the tax reform waters again. So let’s review what Congress did the last time it faced a fiscal crisis. In February, 2009, Congress approved what was initially billed as $787 billion economic stimulus package to shock the American economy into action after the Great Recession. The price tag of the measure eventually ballooned to $831 billion.
can a mask prevent coronavirus, The Democratic House and Senate passed the plan in the first month of President Obama’s presidency. It consumed months to develop such a plan – and a new President. No Republicans in the House supported the bill. Only three GOP senators voted yea: Sens. Susan Collins (R-ME), Olympia Snowe (R-ME) and Arlen Specter (R-PA). Granted, Congress responded with a $700 billion relief measure to salvage the economy in the fall of 2008 to cover losses in the financial sector. After an epic, initial failure in the House of Representatives (costing the market what was then it’s biggest point drop in a single day, in synchronicity with the bill blowing up on the House floor), Congress finally approved Troubled Asset Relief Program (TARP) in October, 2008. That was an immediate response because the economy teetered on the brink of collapse that autumn. But, it took a new Congress, a new President and time to assemble a full-blown stimulus package.
can a mask prevent coronavirus - Also, Congress and President Obama assembled a number of measures after the fiscal meltdown. There was the controversial “Dodd-Frank” financial re-regulation plan. There was also a federal rescue of the American auto industry. A contemporary package to respond to coronavirus would likely be an amalgam of tax credits for small businesses and travel, loans or even “bailouts” for damaged sectors of the economy (airlines?) and health assistance. There could also be a reduction of the “payroll tax.”
can a mask prevent coronavirus - If you go to the dictionary and look up the word “donnybrook,” you’ll see a picture of the internal fight waged between Congressional Republicans, over extending the payroll tax holiday in late 2011. This was a pitched, Christmastime battle royale. GOP fiscal hawks duked it out with fellow Republicans who wanted to trim taxes. And, it unfolded around the holidays because, as you know, only the zaniest worst-case scenarios unfold on Capitol Hill at Christmas. In other words, it’s hard to have it both ways: keep taxes low yet reduce deficit spending.