Skip to content Skip to footer

Sanders Slams McConnell for Pushing Tax Deductions for CEOs in COVID Relief

The measure contains a 100 percent deduction for business meals but nothing for millions of hungry families.

Sen. Bernie Sanders arrives at the U.S. Capitol on October 20, 2020, in Washington, D.C.

Sen. Bernie Sanders on Wednesday blasted Senate Majority Leader Mitch McConnell for pushing a coronavirus relief measure that contains a 100% tax deduction for business meals — a gift to corporate executives — but nothing for the tens of millions of people across the U.S. who are struggling to afford food for themselves and their families.

“Mitch McConnell’s ‘new’ Covid relief bill gives CEOs a 100% tax deduction for a 3-martini lunch, but ZERO to the 26 million who don’t have enough food to eat,” the Vermont senator tweeted. “Yes. The Republicans l-o-v-e corporate socialism for the rich, rugged individualism for the rest. Ain’t gonna happen.”

On Tuesday, as Common Dreams reported, the Kentucky Republican began circulating a purportedly “targeted” coronavirus stimulus proposal that would grant corporations sweeping immunity from coronavirus related lawsuits without providing a federal boost to unemployment benefits, another round of direct payments, or any aid to state and local governments.

The plan also omits nutrition assistance amid a worsening nationwide hunger crisis; according to Census Bureau data, 26 million U.S. adults reported in late October and early November that they did not have enough food to eat.

McConnell’s proposal was immediately dismissed as a non-starter by many Democratic lawmakers, who characterized the plan as woefully inadequate to address the twin public health and economic crises ravaging the nation.

“This is an insult to the millions of workers and businesses that are losing their livelihoods because of this crisis,” said Sen. Ron Wyden (D-Ore.), the top Democrat on the Senate Finance Committee. “This proposal doesn’t come close to giving Americans the help they desperately need to stay afloat.”

With a possible government shutdown just over a week away and time running out to secure a coronavirus relief agreement before the end of the year, House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday threw their support behind a new bipartisan, bicameral compromise proposal as the “basis” for negotiations.

Unlike McConnell’s plan, the bipartisan proposal would provide a $300-per-week federal boost to unemployment insurance, a key lifeline that 12 million Americans are set to lose on December 26 without congressional action. The bipartisan group of lawmakers also called for a liability shield for corporations that would reportedly be more limited than the one McConnell is pushing, though specific language has not yet been made public.

Sen. Elizabeth Warren (D-Mass.) on Wednesday was among those raising concerns about the bipartisan compromise package, specifically citing the corporate liability protections as a key sticking point.

“Let’s be clear about what Covid-19 ‘liability protections’ would mean: letting corporations off the hook if they decide they care more about making a quick buck than keeping workers safe,” Warren tweeted Wednesday. “We can’t let businesses escape accountability for putting people’s lives at risk.”

Truthout Is Preparing to Meet Trump’s Agenda With Resistance at Every Turn

Dear Truthout Community,

If you feel rage, despondency, confusion and deep fear today, you are not alone. We’re feeling it too. We are heartsick. Facing down Trump’s fascist agenda, we are desperately worried about the most vulnerable people among us, including our loved ones and everyone in the Truthout community, and our minds are racing a million miles a minute to try to map out all that needs to be done.

We must give ourselves space to grieve and feel our fear, feel our rage, and keep in the forefront of our mind the stark truth that millions of real human lives are on the line. And simultaneously, we’ve got to get to work, take stock of our resources, and prepare to throw ourselves full force into the movement.

Journalism is a linchpin of that movement. Even as we are reeling, we’re summoning up all the energy we can to face down what’s coming, because we know that one of the sharpest weapons against fascism is publishing the truth.

There are many terrifying planks to the Trump agenda, and we plan to devote ourselves to reporting thoroughly on each one and, crucially, covering the movements resisting them. We also recognize that Trump is a dire threat to journalism itself, and that we must take this seriously from the outset.

Last week, the four of us sat down to have some hard but necessary conversations about Truthout under a Trump presidency. How would we defend our publication from an avalanche of far right lawsuits that seek to bankrupt us? How would we keep our reporters safe if they need to cover outbreaks of political violence, or if they are targeted by authorities? How will we urgently produce the practical analysis, tools and movement coverage that you need right now — breaking through our normal routines to meet a terrifying moment in ways that best serve you?

It will be a tough, scary four years to produce social justice-driven journalism. We need to deliver news, strategy, liberatory ideas, tools and movement-sparking solutions with a force that we never have had to before. And at the same time, we desperately need to protect our ability to do so.

We know this is such a painful moment and donations may understandably be the last thing on your mind. But we must ask for your support, which is needed in a new and urgent way.

We promise we will kick into an even higher gear to give you truthful news that cuts against the disinformation and vitriol and hate and violence. We promise to publish analyses that will serve the needs of the movements we all rely on to survive the next four years, and even build for the future. We promise to be responsive, to recognize you as members of our community with a vital stake and voice in this work.

Please dig deep if you can, but a donation of any amount will be a truly meaningful and tangible action in this cataclysmic historical moment. We are presently looking for 500 new monthly donors in the next 10 days.

We’re with you. Let’s do all we can to move forward together.

With love, rage, and solidarity,

Maya, Negin, Saima, and Ziggy