Republicans released their proposal for the next stimulus bill. Stimulus checks make the cut, but unemployment benefits, among other wishes, could lead to intense negotiations with Democrats.
weekly policy luncheons on Capitol Hill July 21, 2020 in Washington, DC. Senate Majority Leader Mitch McConnell on Tuesday promised a new round of direct payments to earners below a certain income level, similar to the $1,200 checks sent in the spring.
The total cost of the proposed bill will run about $1 trillion, which is $2 trillion less than the stimulus bill, the HEROES Act, passed by the House of Representatives in May. It includes many protections that the country received in March, upon the initial passing of the CARES Act, including stimulus checks. But it also leaves out some protections that Democrats sought in the HEROES Act.
It provides a $500 additional check for each dependent in a family, which is the same level as the CARES Actfrom the $600 a week level that the unemployed received under the CARES Act. At the end of September, this benefit would switch to providing 70% of wages prior to losing one’s job. It does not provide additional aide to states and municipalities that have lost millions to billions during the pandemic
The proposal sets the table for conversations between House and Senate leaders of both parties, in order to come to a complete bill that can pass Congress. Negotiations are expected to continue into August, leaving aid up in the air, as many protections passed in the CARES Act time out at the end of this week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republicans to include $1,200 checks and smaller federal unemployment aid in new stimulus proposalSenate Republicans are finalizing a bill, which is set to be released Monday, that would offer $1,200 checks but less federal unemployment aid.
Read more »
Republicans’ COVID Relief Bill to Include Second Round of $1,200 Stimulus ChecksAfter months of delay, Senate Republicans on Monday will propose a $1 trillion bill with an eviction moratorium and a second round of $1,200 checks.
Read more »
Larry Kudlow Says Next Coronavirus Stimulus Draft Will Include A Second $1,200 Check"That is going to be part of the new package," the White House economic adviser told CNN&39;s Jake Tapper.
Read more »
Another Round Of $1,200 Stimulus Checks Coming, Trump Officials SayThe eviction moratorium will also be extended, said White House economic advisor Larry Kudlow.
Read more »
Republicans Agree On $1,200 Checks, But Negotiations Are Still Faltering. Here’s The Latest On The Next Big Stimulus BillAs benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy and their political fortunes.
Read more »