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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
PoliticsU.S. Politics

Democrats block McConnell’s $2 trillion stimulus plan a second time amid coronavirus pandemic

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March 23, 2020, 2:38 PM ET

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Senate Democrats again refused to advance McConnell’s $2 trillion stimulus plan Monday as the coronavirus continued spreading amid dire predictions of a deep economic recession.

The 49-46 vote with 60 needed, following a similar vote late Sunday, blocked McConnell’s latest version of the plan, which had been the product of frenzied bipartisan negotiations over the weekend.

“Why are the American people still waiting?” McConnell said on the Senate floor before the vote. “The markets are not doing well today.”

He accused Democrats of pushing unrelated “wish-list items” such as solar energy tax credits and new emission standards for airlines. “This is the moment to debate new regulations that have nothing whatsoever to do with this crisis?” McConnell said.

Democratic leader Chuck Schumer said he has had “almost continuous negotiations” with Mnuchin. He said they are close to reaching a deal and his goal is to do so Monday.

The Democratic leader said Monday’s vote was essentially “irrelevant” because his party will be ready to move ahead “once we have an agreement that everybody can get behind.”

More must-read stories from Fortune:

—Why the extraordinary dollar surge spells more trouble for the global economy
—The Supreme Court has shunned technology. Could coronavirus change that?
—10 questions about the 2020 election during the coronavirus pandemic, answered
—The workers the U.S. government deems “essential” amid the coronavirus pandemic
—Listen to Leadership Next, a Fortune podcast examining the evolving role of CEO
—WATCH: U.S. tax deadline moved from April 15 to July 15

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