The executive vice president and chief policy officer of the U.S. Chamber of Commerce, Neil Bradley, on Saturday expressed concerns that Congress still needs to pass a coronavirus aid package, even though President Donald Trump did issue executive orders on the economic recovery from the coronavirus pandemic.
“While well-intentioned, today’s Executive Orders are no substitute for Congressional action,” Bradley said. “For schools to get the resources to safely reopen, for small businesses to receive aid to stay afloat, to remove the threat of frivolous lawsuits, for families and our economy to get the support this moment requires, Congress must act. There is no alternative to Congress legislating and no excuse for their inaction.”
Both Republicans and Democrats had wanted to pass an economic aid deal, but the two sides wildly disagreed on the size of the aid bill and what aid should be given. Republicans favored a $1 trillion aid bill, while House Democrats passed a $3.4 trillion package. The two sides failed to come to any compromise during a late Thursday night meeting at the White House.
On Saturday, President Trump responded by signing executive orders to extend unemployment benefits, suspend payroll taxes and offer federal eviction and student loan relief. The president announced the executive actions from his private club in Bedminster, New Jersey, where he was spending the weekend.
Critics question the constitutionality of the president’s unilateral actions and if the relief goes far enough.
The unemployed will continue to get enhanced compensation of an additional $400 a week. This is down from the $600 boost they had been receiving under the CARES Act, which expired Saturday. Also gone is the Small Business Administration loan program: the Payroll Protection Program. The PPP was very popular with the business community.
The U.S. Chamber of Commerce is the world’s largest business organization representing companies of all sizes across every sector of the economy.