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Survey: 9 in 10 Support Another COVID Relief Bill to Help Distressed Businesses

Americans are concerned about the impact of the coronavirus pandemic on all aspects of the economy. A new survey shows some 90 percent support Congress passing another economic stimulus bill to help distressed small businesses and employees.

The survey of 1,994registered voters was conducted Oct. 7-9 by Morning Consult and commissioned by the American Hotel & Lodging Association. It showed 89 percent agree that Congress should remain in session until reaching an agreement on an economic stimulus package. The survey has a margin of error of plus- or minus-2 percentage points.

“Millions of Americans are out of work, and thousands of small businesses are dying,” said Chip Rogers, president and CEO of AHLA. “It is well past time for our leaders in Washington to pass a stimulus bill to help these employees and businesses in the hardest-hit industries, including and especially, ours.

“It is unacceptable for Congress to adjourn without passing a bill.”

There is widespread concern about the effects of COVID-19 on all elements of the economy, including small businesses (93 percent very/somewhat concerned), unemployment rates (90 percent), and Americans’ own personal/family financial situation (75 percent). As Congress considers how to respond to the ongoing pandemic, voters agree on the importance of helping families (74 percent very important) and small businesses (68 percent) that are struggling.

Key findings of the survey include the following:

  • Travel and tourism most affected industry: Voters believe the travel and tourism industry was the most affected by the economic downturn caused by COVID-19 (50 percent selected travel and tourism as a top two most affected industry). Other highly affected industries include food and beverage (34 percent selected), education (26 percent), retail (19 percent), and health care (18 percent).
  • Strong support for a stimulus bill: Nine in 10 voters (90 percent) support Congress passing an economic stimulus bill to provide aid to small businesses and protect jobs that have been impacted by the economic downturn caused by the COVID-19 pandemic. Ninety-two percent of Democrats, 87 percent of independents, and 89 percent of Republicans support another economic stimulus bill.
  • No recess without relief: Nearly nine in 10 voters (89 percent) agree that Congress should remain in session until reaching an agreement on an economic stimulus package. Agreement is high among Republicans (88 percent agree), Democrats (91 percent agree), and independents alike (86 percent agree).
  • COVID>SCOTUS: 48 percent of voters say the COVID-19 pandemic is the most important issue for Congress to focus on right now, while 23 percent say the economy and jobs should be the priority. Just 5 percent name the Supreme Court vacancy as the top priority.

Survey Methodology

This poll was conducted by Morning Consult on behalf of AHLA. The survey was conducted Oct. 7-9, 2020 among a national sample of 1,994 registered voters. The interviews were conducted online, and the data were weighted to approximate a target sample of registered voters based on age, educational attainment, gender, race, and region. Results have a margin of error of plus- or minus-2 percentage points.

 

White House, Senate Reach Deal on $2 Trillion Stimulus Package

From The Hill

The White House and Senate leaders reached a deal early Wednesday morning on a massive stimulus package they hope will keep the nation from falling into a deep recession because of the coronavirus crisis.

The revamped Senate proposal will inject approximately $2 trillion into the economy, providing tax rebates, four months expanded unemployment benefits and a slew of business tax-relief provisions aimed at shoring up individual, family and business finances.

The deal includes $500 billion for a major corporate liquidity program through the Federal Reserve, $367 billion for a small business loan program, $100 billion for hospitals and $150 billion for state and local governments.

The agreement caps five days of intense negotiations that started Friday morning when Senate Majority Leader Mitch McConnell (R-Ky.) convened Republican and Democratic colleagues, with talks stretching late into the evening each of the following four days.

“At last we have a deal. … the Senate has reached a bipartisan agreement,” McConnell said during a speech on the Senate floor after 1:30 a.m. today, pledging that the Senate would pass the package today.

Senate Democratic Leader Charles Schumer (N.Y.) hailed the legislation as “the largest rescue package in American history.”

“This bill is far from perfect, but we believe the legislation has been improved significantly to warrant its quick consideration and passage,” he said.

The final talks were conducted among McConnell, Schumer, Treasury Secretary Steven Mnuchin, White House legislative affairs director Eric Ueland and incoming White House chief of staff Mark Meadows.

Schumer kept in close touch throughout the process with Speaker Nancy Pelosi (D-Calif.), who introduced her own $2.5 trillion bill Monday.

“Ladies and gentleman, we’re done. We have a deal,” Ueland told reporters, breaking the news after one of the final meetings in McConnell’s office after midnight Tuesday night.

Ueland noted that staffers would work into Wednesday morning to finish the text of the bill, but that when it came to some of the negotiation’s largest sticking points they already have language agreed to “or we know exactly where we’re going to land.”

Mnuchin said this morning that President Trump was “pleased” with the deal and urged Pelosi to take up the Senate bill and pass it without changes.