'It's everything': Here's how a pair of Senate races in Georgia in January could decide whether Congress enacts a $3.4 trillion stimulus plan
- The shape and size of a stimulus plan is on the line in the Georgia runoffs on January 5.
- "It's everything," policy expert Heidi Schierholz said in an interview.
- A slim Democratic majority in the Senate could use a legislative maneuver to pass a $3.4 trillion coronavirus aid plan without Republican votes.
President-elect Joe Biden is on course to assume office on January 20, but the balance of power in Washington is still unresolved with a pair of Senate runoffs in Georgia just two weeks before Biden's inauguration.
In one race, Democrat
Now Democrats are pinning their hopes on winning both races in the state and gain a threadbare majority, leaving Vice President-elect Kamala Harris to cast tie-breaking votes. Under that scenario, Democrats could use a legislative maneuver to pass pandemic-relief and other tax and spending measures with a simple majority and no GOP votes."It's everything on stimulus," Heidi Schierholz, policy director of the left-leaning Economic Policy Institute, told Business Insider. "It's everything because if there is a Democratic-controlled Senate, they will be able to get a sizable package through reconciliation."
She continued: "Without that, it will come down to Senate Republicans on what a relief package, if any, looks like. They've given plenty of signals where they are on that."Read more: 'The unwinding of this bubble is going to be painful': A renowned stock bear says today's investors can expect negative returns for the next 12 years — and warns of a looming 66% stock plunge The GOP supports a much smaller relief plan than the $3.4 trillion package that Democrats and Biden are seeking. Republicans continue to push for a slimmer $500 billion measure they rolled out twice in September and October, despite a recent surge of virus cases nationwide that are causing states to reinstate restrictions and business closures.
Ossoff recently slammed Perdue for supporting the plan, which would reduce federal
"Sen. David Perdue fought against $1,200 stimulus checks for workers, and led the fight to cut unemployment insurance — while at the same time he gave billions to his corporate donors," Ossoff said in a tweet earlier this month. He's previously expressed support for many of the Democratic legislation's provisions, including on implementing an eviction moratorium and aiding strapped state and local governments.Democrats favored robust federal action throughout the pandemic, particularly progressives.
"Can we please get people stimulus checks and mortgage relief and rent forgiveness and small business support and free testing and hazard pay and healthcare for the uninsured (& underinsured) in the middle of a pandemic or is that too socialist too?" Democratic Rep. Alexandria Ocasio-Cortez said on Twitter last week.
Yet regardless of the outcome in the hotly contested races, Democrats may be compelled to scale back their ambitions. Elizabeth Pancotti, senior policy advisor for Employ America, a nonprofit organization, told Business Insider that Democrats may need to cater to "middle of the road, conservative Democrats" by trimming the price tag of pandemic relief legislation next year."Should Georgia go into Democrats' favor, I think there will be concessions still made because there will only be 50 votes," she said. "If they lose Georgia, I think off the table are the really expensive line items, like the $600 federal unemployment benefit. Where there would have been a round or two of [stimulus] checks, the phase-out may be lower."
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