Chuck Schumer

Senate Fails to Pass $2T Stimulus Package

Posted on by Bobby Broadway

This really shouldn’t be difficult, but unfortunately this is the reality we live in. Senate Democrats argue that the current $2T Stimulus Bill contains a $500B lending program aka “slush fund” the Treasury Dept controls and will allow them to select who will receive the the funds. Senate Minority leader Chuck Schumer and other Democrats maintain that the package should be more heavily favored for the people, and restrictions for how companies will use the money.

Republicans on the other have accused the Democrats of playing politics, and not having the urgency needed to help Americans out of work due to COVID-19 pushing Mayors/Governors to lock down cities and states.

So who is right?

I don’t know, but lets re-visit the not too distant past for some insight. Look back to late 2008 during the financial crisis, the last stimulus package that bailed out the automobile industry and big banks (TARP). While the bailout was praised for saving the auto industry and stabilizing the banks, the major criticism of the bailouts was that it was not felt by the people. President Obama himself admitted that not enough was done to help Americans directly who were had underwater mortgages.

With that said, is there some kind of rule against splitting this stimulus up into 2 parts? One for the people and one for the large and small businesses. I think everyone can agree on sending Americans money, either $1200 or $2000. That can be ironed out, so why not come to an agreement on a stimulus for the people first instead of trying to package a huge bill that includes a stimulus for business?

If you quickly get something out for the people and then separately tackle a stimulus for the businesses. You can provide the people will relief while taking the time necessary to put together a business stimulus package that restricts how the money is used (buybacks or paying bonuses to execs).

As always…

there is something to be said, “It’s On Broadway” to step up and say it!!

House Democrats Plan for Ending the Government Shutdown

Posted on by Bobby Broadway

Nancy Pelosi and Chuck Schumer warned President Trump about shutting down the government over funding for his wall. Democrats in the House and Senate knew that Trump didn’t have the votes for funding the wall, and they knew they had the leverage with Dems taking over the House in 2019.

With Trump’s Government Shutdown heading into its 2nd week, House Democrats are putting together a spending bill to re-open the gov’t without funding for the wall.

As reported by the Washington Post House Dems will look to pass a stopgap spending bill that will fund the Department of Homeland at existing spending levels through February 8th. This will not include funding for the wall

The bill will also include funding for the following depts through September 30th:


Department of Commerce
Department of Homeland Security
Department of Housing and Urban Development
Department of Interior
Department of Justice
Department of State
Department of Transportation
Environment Protection Agency (EPA)
Federal Drug Administration (FDA)
United States Department of Agriculture (USDA)
Programs related to science, financial services, and other agencies
The National Flood Insurance Program
The Violence Against Women Act
The Pesticide Registration Improvement Act
Temporary Assistance for Needy Families
Immigration extensions (EB-5, E-Verify, Conrad 30 program for international medical school graduates, Special Immigrant Religious Workers program, and H2B returning worker authority for DHS)
The Chemical Facility Anti-Terrorism Standards Act
Two expiring provisions of the Pandemic All-Hazards Preparedness Act
Medicaid Money-Follows-the-Person and Spousal Impoverishment, through March 31

Action Institute

Pres Trump severely overplayed his hand with this government shutdown, lack of public support (outside of Sean Hannity, Rush Limbaugh and Ann Coulter) and he let his ego guide him instead of common sense.

Right now Trump has the protection of the holidays to hide behind as people have been more focused on Christmas and celebrating the New Year. Once the holiday hangover has passed all the focus will be on this shutdown; and I don’t see Trump being able to handle the scrutiny. This is a lonely hill for Trump to die on, it’s time to end the shutdown!

As always….

If there is something to be said, “It’s On Broadway” to step up and say it!!

Trump Will Not Sign Current Spending Bill to Avoid Shutdown

Posted on by Bobby Broadway


Trump has until the 21st to sign the CR, and it would seem as though he is backed into a corner. But this egomaniac has already proven he is not the typical politician. You never know what type of audible he may call, I doubt he won’t sign the CR but you never know.

Its On Broadway

President Trump has decided that he needs to save face and get something for his Wall in a spending bill that will keep the government open. As he told Nancy Pelosi and Chuck Schumer, he is willing to own shutting down the govt.

After threatening shutdown, and then backing down from that threat, Trump is now back to threatening again. He met with House Republicans around noon today and made it clear that he wants $5 billion in funding for The Wall. House Republicans will oblige Trump, but the likelihood of a spending bill passing, including $5B for a wall is low.

Even if Republicans attempt to just add money for Border Security, and not the wall; Democrats have already said they will not vote for that.

I believe Dems will take a compromise of funding more Border Security (not money to build the wall), which would be significantly less than the $5B Trump wants. This way both Democrats and Trump can claim some kind of victory.

Some have floated the idea that congress could just send the spending bill aka CR as is, without funding for the Wall to the president. If Trump vetoes the bill, congress could override the president’s veto with a 2/3rd vote in each chamber to pass the spending bill.

Yes, congress could override the veto. The House passed the CR with 361 votes and the Senate passed it unanimously, but that would be asking Republicans in this congress to really stand-up to Trump. I just can’t see that happening as these Republicans still fear Trump and his core supporters.

Trump seems to love chaos, he has handled this poorly and this cannot be part of the strategy for the “Art of the Deal”

As always….

If there is something to be said, “It’s On Broadway” to step up and say it!!



Senate Republicans block extension of Middle Class tax cuts

Posted on by Bobby Broadway

In not so shocking news Senate Republicans successfully blocked the permanent extension of the Middle/Working Class tax cuts.  This will be 1 of 4 test votes Democrats in the Senate will attempt to see what version of the bill will garner the most votes.

The following versions of the legislation will also be tested:

  1. Senator Schumer (D-NY) has proposed a middle/working  class tax cuts where the cap would be raised to $1 million dollars.  Meaning if you make less than or equal to $1 million you will receive a permanent tax cut.
  2. Senator McConnell (R-KY) make tax cuts for upper wealthy and middle/working class permanent
  3. Permanently pass middle/working class tax cuts and temporarily pass tax cuts for upper wealthy fo the next 2-3 years.

Word is the Senate will vote on Senator Schumer’ proposal next and that is als expected to be voted down by Republicans.  The only plan that will more than likely to receive the most support from Republicans will Senator McConnell’s proposal of permanent extension of tax cuts for both Rich and Middle Cass (#2).  That proposal will also fail as it will not have the necessary support from Democrats as they do not support tax cuts for the Uber Rich.

The only proposal that will more than likely have enough support from both sides of the aisle will be the 3rd proposal listed above:

Permanently pass middle/working class tax cuts and temporarily pass tax cuts for upper wealthy for the next 2-3 years. 

This plan will also be reluctantly be supported by President Obama; he campaigned back in 2008 on letting the Bush Era Tax Cuts expire for he Upper 2% wealthy.  Letting those tax cuts expire will bring revenue of $700 billion over the next 10 years.  That money could be used to pay down our spiraling out of control National Debt ($13 trillion dollars)

The next couple of days will be interesting in the senate as there will be heavy negotiations to include an extension of unemployment benefits that will soon expire for 2 million Americans at the end of the year. 

Republicans are hell-bent on doing whatever it takes to stop President Obama even if that means hurting the nation.  tax cuts fo the Middle/Working class would have more of a positive impact on our economy than any tax cut for the Upper 2%  wealthy.  Extending the tax cut for the rich will set this country back as we will have to borrow $700 Billion dollars from the Chinese so tat the RICH CAN GET RICHER!!

So while Republicans campaigned on lowering the National Debt, in this case lowering the debt is not important when it comes to making sure the Uber Rich can make more money while the rest of the nation suffers.

Republicans will hold unemployment benefits and tax cuts for the Middle Class hostage so the rich can save more money t put into their savings.  It’s very simple folks the Middle Class (you and me) drives this economy…

NOT DIDDY!!!  

Update:  According to White House correspondent Mark Knoller The Senate has also voted against the Senator Schumer’s proposal:

  • Senator Schumer (D-NY) has proposed a middle/working  class tax cuts where the cap would be raised to $1 million dollars.  Meaning if you make less than or equal to $1 million you will receive a permanent tax cut.

    • As always….

    If there is something to be said, “It’s On Broadway” to step up and say it!!!