An $86 billion bailout for nearly 200 union pensions was included in the Democrats’ massive stimulus package, which President Joe Biden is expected to sign into law soon.
More than a million unionized truck drivers, retail clerks, construction workers and others would likely miss out on retirement income without the bailout, according to The New York Times. The union bailout, among the $1.9 trillion coronavirus relief package’s provisions unrelated to the pandemic, rescues 185 pension plans across several states.
“There’s more money in this to bailout [sic] union pension funds, than all the money combined for vaccine distribution and testing,” Republican Tennessee Sen. Bill Hagerty tweeted last week.
House Republicans blocked legislation Thursday that would have sent $2,000 in direct payments to Americans, House Speaker Nancy Pelosi said.
House Democratic and Republican leaders met early Thursday morning in a pro forma session and held a unanimous consent vote on the standalone direct payments proposal, according to CNBC. Republican leadership voted the measure down, sinking the effort, which required all lawmakers present to unanimously vote in favor for it to pass.
President Trump on Tuesday night threatened to veto a $900 billion COVID-19 relief bill adopted by the U.S. House and Senate, calling it an unfocused “disgrace,” loaded with foreign aid and unrelated expenses that go far beyond a narrow focus on relief for pandemic-related pain.