Tucked into the latest coronavirus packages from Democrats and Republicans are a slew of provisions that don’t have much to do with a public health crisis.
Republicans want $29.4 billion for fighter jets and other military spending and $1.75 billion for a new FBI building. Democrats are proposing $136.6 billion for state and local tax breaks for high earners and expanded access to banks for cannabis companies.
Those budget lines, while relatively small compared to the $1 trillion total Republicans have said they’re looking to spend — or the more than $3 trillion sought by Democrats — are becoming key sticking points as the leaders of the two parties try to hash out a deal on the next coronavirus aid package.
“I’m not going to vote for a lot of spending porn,” Senator John Kennedy, a Louisiana Republican, told reporters Wednesday. “I’m embarrassed about it. This is supposed to be a coronavirus bill.”
65,869 in U.S.Most new cases today
-4% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.158 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
4.4% Global GDP Tracker (annualized), June