An upcoming Republican Senate coronavirus proposal will reflect a March stimulus bill that included a one-time $ 1,200 stimulus check for some Americans, according to a senior negotiator.
treasury secretary Steven Mnuchin
Steven Terner Mnuchin Republicans will begin unveiling the coronavirus package Thursday. The Republican Party may face tax reduction options or stimulus controls. The Republican Party-White House agrees 5 billion in aid of coronavirus for schoolsAsking how direct payments will be structured in the soon-to-be-released GOP bill, he said it would be exactly the same as the language in the $ 2.2 billion bill signed in late March.
“We are talking about the same provision as last time, so our proposal is exactly the same as last time,” Mnuchin told reporters about what Republicans will propose in the bill.
The March bill provided a one-time check of $ 1,200 to Americans making up to $ 75,000 per year. The check amount was reduced to an income level of $ 99,000 per year, when it was completely eliminated.
The decision to stick to the March formula is a change from the recess, when the Senate majority leader Mitch McConnell
Addison (Mitch) Mitchell McConnell Republicans will begin unveiling the coronavirus package on Thursday The Republican Party may face options for tax cuts or stimulus controls Hillicon Valley: Twitter bans thousands of QAnon accounts | Bipartisan Support for Election Funds Grows in Senate Stimulus Bill | Senate Committee Advances Bill to Ban TikTok from Federal Devices MORE (R-Ky.) It seemed to indicate that while Republicans would support another round of checks, the next round would include a lower income limit of around $ 40,000.
“I think the people most affected are those who make about $ 40,000 or less. Many of them work in the hotel industry … That could be part of that,” McConnell told reporters in Kentucky during the two. -recess of the week.
Republicans have said they want the fifth coronavirus proposal to be more targeted to those most affected by the spread of the coronavirus, which has devastated the economy as business slots shrunk or closed entirely.
Democrats have opposed lowering the income limit.
The coronavirus bill passed by the House in May provided a check for $ 1,200 for those earning up to $ 75,000. But it increased the pay per child to $ 1,200 per dependent up to three dependents. The March coronavirus bill provided $ 500 per child.
“I think families making more than $ 40,000 probably need help … depending on their family situation,” said the Speaker of the House. Nancy Pelosi
Nancy Pelosi Night Health Care: Pfizer Gets Nearly B From Trump Administration For COVID Vaccine | FEMA Chief: “We have a long way to go” to have enough PPE | Fauci on the coronavirus: “I really don’t see us eradicating it” House votes to remove Confederate statues from Capitol Hill Democratic lawmakers launch ‘Mean Girls’ inspired initiative to promote facial masks MORE (D-Calif.) He said.
Although McConnell spoke about a lower income limit while traveling in Kentucky, he declined to discuss details when asked by reporters this week.
“We will present the details. I am going to present a bill in the next few days which is a starting point that enjoys quite significant support among Republican senators, probably not all. And, at that point, we will be more specific on how to allocate But we envision direct controls again, “he said Tuesday.
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