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The White House says the GOP’s new proposal “is not going to scratch the itch.” Economists urge more stimulus, and Wall Street is looking for a larger package, too. For details of what Biden is willing to negotiate, click here. Are Republicans serious about a bipartisan deal or merely toying with Biden? Click here. Some of the differences: Republicans are offering smaller stimulus checks, with lower income caps; less unemployment benefits, and for a shorter time; far less money to enable teachers to safely return to schools; and no help for state or local governments (details here). For a deeper dive into what’s behind the parties’ differences, read the Vox article here. To recap what happened last summer and fall, and this winter, in the wake of the CARES Act passed in March 2020, and to bring you up to date:

First Offer (summer 2020)

Democrats — $3.4 trillion

Republicans — $1.0 trillion

Second Offer

Democrats — $2.4 trillion

Republicans — $1.0 trillion

Third Offer

Democrats — $2.2 trillion

Republicans — $1.0 trillion

Fourth Offer

Democrats — $2.0 trillion

Republicans — $0.5 trillion

Fifth Offer

Democrats — $2.4 trillion

Republicans — $0.3 trillion

Sixth Offer

Democrats — $2.2 trillion

Republicans — $1.6 trillion

Seventh Offer

Democrats — $2.2 trillion

Republicans — $0 – $1.8 trillion

Eighth Offer

Democrats — $2.4 trillion

Republicans — $0.5 – $1.8 trillion

Bipartisan Proposal (click here for details)

Democrats & Republicans — $908 billion

McConnell — “I don’t have time for this”

Passed after election, while GOP still controlled Senate

Democrats & Republicans — $900 billion

Latest Proposals after Democrats won Senate

President Biden — $1.9 trillion

Republican “Bipartisan” Plan — $618 billion (click here for details)

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