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The Playbook Podcast

November 17, 2020

The Playbook Podcast

POLITICO

News, Daily News, Politics, Government

3.9699 Ratings

🗓️ 17 November 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

Americans prepare to lose key safety nets in the middle of a pandemic, what Cedric Richmond brings to a Biden administration and more in today's Audio Briefing.

Transcript

Click on a timestamp to play from that location

0:00.0

Today's Playbook Audio Brief is brought to you by United Health Group.

0:05.9

Good Tuesday morning, I'm Jake Sherman, and welcome to your political playbook audio briefing.

0:09.9

And I'm Anna Palmer. There are no conversations right now about another round of COVID relief.

0:14.3

None. The White House is silent. The Hill is quiet. And that means no new programs,

0:19.5

no new money for Americans before the holiday season,

0:22.2

but equally notably, a number of crucial provisions are set to expire at the end of this year,

0:28.2

which is in 44 days. The pandemic emergency unemployment compensation, which gives 13 weeks of

0:33.9

extra UI to those who have run out of options. The pandemic unemployment assistance

0:38.3

used by gig workers runs out. The eviction moratorium ends. State and local funding will stop

0:43.7

flowing. The 2020 rebate checks will end, as does, student loans forbearance. Small business

0:49.7

debt relief ends. Charitable deduction limits expire. The exclusion of employer payments of student loans

0:56.0

stops. The refundable tax credit for required paid sick leave runs out. The credit for family and

1:02.0

sick leave for self-employed individuals ends. The payment delay for employer payroll taxes,

1:08.1

changes on net operating losses. This is on top of 33 tax provisions that end

1:13.5

at the end of the year. In other words, a huge safety net for Americans is going to be yanked away at

1:17.7

the end of 2020, and Congress isn't preparing much of anything to keep people from plummeting.

1:22.1

One thing we've heard a lot about Joe Biden is that he knows Congress better than anyone

1:25.9

and is uniquely qualified to work the broken

1:28.0

system that is Washington legislating. But consider this. Dozens of members in the Senate never

1:32.4

worked with Biden in the Senate or during his two terms as VP and more than 150 members in the House

1:38.0

have been elected since the Obama presidency. Biden's decision to hire Cedric Richmond as a White

1:42.9

House advisor gives the 46th president a key link to Congress and the new brand of Capitol Hill politics that has developed in his four years out of office.

...

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