Senate Republicans are expected to reveal their draft legislation this week.
for businesses that reopen amid the coronavirus; the proposed GOP bill will include them.
Additional aid to state and local governments—a key Democratic priority—is not likely to be included in the draft GOP legislation, according to the, though the proposal could ease restrictions on how states are allowed to spend CARES Act aid. also reports that McConnell’s draft will include a second round of stimulus checks, as well as $70 billion for schools and at least two new tax credits for businesses.
The total cost of the Republican proposal is expected to be about $1 trillion—that’s one third of what the House Democrats proposed in the $3 trillion Heroes Act. While Democrats have been advocating for more immediate, large-scale spending for months, Republicans led by McConnell have opted for a “wait and see” approach to the next bill, preferring to let existing federal relief spending from the CARES Act trickle down through the economy before authorizing more. Congress has passed four major pieces of legislation to combat the economic damage caused by the coronavirus pandemic.
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