Legislative Resource Collection

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This assignment has two parts

-Create legislative resource collection

– Respond to two peers

Legislative Resource Collection

Purpose

The purpose of this assignment is to create a legislative media resource collection in which each student’s contribution adds to the growth and quality.

Instructions

For this assignment, in select weeks, you are required to add any type of legislative resource, information, or news that you deem pertinent based on class content and material. The information posted can include:

  • information about city, state, national or international legislative/policy news;
  • information about resources related to legislative/policy research.

There is no limit on how many resources or news media you can
contribute, however, you are required to add at least one resource

Additionally, you are expected to briefly comment of the postings of two peers.

PEER 1

New $1,000 Stimulus Package Proposed: A Family Of Four Would Receive $4,000

Rob BergerJul 30, 2020,

With negotiations over another round of Covid-19 relief at a standstill, four Senate Republicans have introduced a bill to provide $1,000 stimulus checks to eligible adults and children. U.S. Senators Bill Cassidy, M.D. (R-LA), Steve Daines (R-MT), Mitt Romney (R-UT), and Marco Rubio (R-FL) introduced the bill, called the Coronavirus Assistance for American Families Act.

The $1,000 stimulus check proposal would give individuals $200 less than the first stimulus check and the current proposals under the HEROES Act and HEALS Act. But because it would also distribute $1,000 to eligible children, a family of four would receive $4,000, which is $600 more than they received under the CARES Act.

“As Congress continues to negotiate another economic response to the pandemic, we should prioritize direct assistance to those who need it most,” Senator Rubio said in a press release today. According to the press release, the proposal would:

  • Disburse Economic Impact Payments of $1,000 for both adults and children with SSNs equally, $2,000 if filing jointly. A family of four would receive $4,000.
  • Includes eligibility for adult dependents, including those with disabilities or college students.
  • Includes eligibility for US citizens married to foreign nationals but does not include eligibility for foreign nationals or ITIN filers.

As with the CARES Act, the stimulus payments would be reduced by 5% of a taxpayer’s adjusted gross income over certain thresholds:

  • $150,000 in the case of a joint return,
  • $112,500 in the case of a head of household, and
  • $75,000 for all other taxpayers.

In a one page summary of the bill, it was noted that the proposal provides greater assistance to single parents with multiple children than authorized by the CARES Act. Unlike the CARES Act, the stimulus payments would apply to dependents regardless of age.

The text of the bill can be found here.

It’s unclear how the bill will be received by Republicans and Democrats alike, as negotiations over further Covid-19 relief lurch forward.

PEER 2

Pfizer CEO says Trump’s executive orders overhauling U.S. drug pricing will cause ‘enormous destruction’

President Donald Trump’s executive orders aimed at lowering U.S. prescription drug costs will cause “enormous destruction” as the pharmaceutical industry races to develop vaccines and treatments for the coronavirus, Pfizer CEO Albert Bourla told investors Tuesday.

Trump on Friday signed four executive orders designed to bring U.S. drug prices at least on par with their costs overseas.

“Overall, I’m disappointed with this executive order,” Bourla said during a conference call discussing the company’s second-quarter earnings. “They pose enormous destruction in a time when the industry needs to be completely focused on developing a potential Covid-19 vaccine or treatment.”

Trump has made lowering drug costs one of his key health-care issues early in his term. But drug pricing has taken a backseat over the last year as the Trump administration has shifted its focus to other priorities such as the teen vaping epidemic and now the coronavirus. The Pharmaceutical Research and Manufacturers of America called the executive orders a “reckless distraction.”

The comment by Bourla came after the company reported better-than-expected second-quarter earnings and raised its outlook for 2020. The outlook was raised despite a 32% drop in profit. Pfizer said the coronavirus shaved about $500 million, or 4%, off its quarterly revenue as more people worked from home and got fewer new prescriptions and vaccinations.

Pfizer and German biotech company BioNTech said they began their late-stage human trial for a potential coronavirus vaccine on Monday.

The trial will include up to 30,000 participants ages 18 to 85 across 120 sites globally, including 39 U.S. states, the companies announced. If successful, they expect to submit it for final regulatory review as early as October. They plan to supply up to 100 million doses by the end of 2020 and approximately 1.3 billion doses by the end of 2021.

HEALTH AND SCIENCE – CNBC News

Berkeley Lovelace Jr.@BERKELEYJR

Article Link: https://www.cnbc.com/2020/07/28/pfizer-ceo-says-trumps-executive-orders-overhauling-us-drug-pricing-will-cause-enormous-destruction.html

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