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Protection program and businesses of all sizes have started to use the tax tools that we provided for their liquidity. But in that time the critics have also done what they do best. They criticize. The need came has seized on an opportunity to perpetuate every negative story that critics can manufacture. You can imagine my surprise when democrats criticized the net operating loss carryback provisions in the cares act. Because oddly democrats previously supported the last three bills where we expanded the net operating loss carrybacks in 2002, 2005, and even in 2009 with all democrat rule. So i dont recall in any of those instances any partisan attacks from democrats about this previously bipartisan, antirecessionary policy tools. So why now . Sadly, that irresponsibility has led our democratic colleagues in the house to pass legislation that would take back important tax tools that we have provided in the cares act to the tune of 254 billion, and thats a tax increase on the american bu ....
Senate to talk about how the tragic spread of the coronavirus around the world underscored the need for us to focus on the persistent challenge of china not playing by the rules. Now, in the case of coronavirus that was about china not telling the World Health Organization, not telling other countries, not telling their own people what was happening in terms of the coronavirus, not taking steps to stop International Travel early on. That wasnt playing by the w. H. O. Rules, the World Health Organization rules, and the result has been devastation. It has been the spread of the virus and so much of that devastation weve seen around the globe, in my view could have been avoided had they played by the rules. Unfortunately not playing by the rules applies to china in many other areas too. We talked ....
Persistent challenge of china not playing by the rules. In the case of coronavirus, that was about china not telling the World Health Organization, not telling other countries, not telling their own people what was happening in terms of the coronavirus, not taking steps to stop International Travel early on. That wasnt playing by the who rules, the World Health Organization rules and the result has been devastation. Its been the spread of the virus and so much of that devastation weve seen around the globe in my view could have been avoided. Had they played by the rules. Unfortunately, not playing by the rules applies to china in many other areas, too. Weve talked about trade a lot on this floor of the senate to be sure theres a level Playing ....
Nation. Number seven, not again, not ever will americans rely solely on the centers for Disease Control for testing. When called upon, our private sector has an incredible multiplier effect. Number eight, not again, not ever will we allow public misrepresentation and confusion concerning a health issue. The American People deserve timely, incredible, and accurate information, the same as for tornadoes, hurricanes, and other disasters. Number nine, not again, not ever will we be dependent on china for trade and goods, especially not for Critical Infrastructure and technology. And number ten, mr. President , not again, not ever will a Previous Administration leave an Incoming Administrati ....
With the coronavirus pandemic. The total spending is about 2. 5 trillion thats already been spent. The speaker of the house proposed a new piece of legislation this week that i think the house will vote on on friday thats another 3 trillion. So its actually more than the previous four combined. And the legislation that she is proposing has a lot of items that arent directly related to the covid19 crisis. They are, as some have said, a wish list of priorities and others have said in the media that its more of a messaging bill. So well see. Among other things, it says as an example that they want to change the current law which says that youre limited in terms of how much of a federal Tax Deduction you can take for state and local taxes. Thats called the salt issue. They want to repeal that. That cost, by the way, is about 180 billion, Something Like that. And it would result in ....