Donate search
close
Listen Now The Erick Erickson Show streaming live arrow_right_alt close

Share

  • Facebook
  • Twitter
  • send Email
  • print Print

GOP Plans to Introduce Second Coronavirus Stimulus Package Monday

Senate Republicans plan to introduce their version of a second coronavirus stimulus package on Monday, according to Treasury Secretary Steven Mnuchin.

House Democrats passed their version of a second coronavirus relief bill in May. Mr. Mnuchin, undisturbed by the characterization by “Fox News Sunday” host Chris Wallace of dysfunction within GOP-ranks, said on “Fox News Sunday” that the Trump Administration and Senate Republicans are “completely on the same page.”

“The bill will be introduced Monday and we are prepared to act quickly,” Mr. Mnuchin continued.

The news comes as many benefits from the first relief bill passed this spring approach their expiration dates.

The Republican plan, according to Mr. Mnuchin, will have a price tag of $1 trillion.

When asked about coming to a workable compromise with Democrats, Mr. Mnuchin remarked that the bill could be passed as one large omnibus package or, if talks stall, smaller time-sensitive bills could be passed individually.

Expiring unemployment benefits and liability coverage from “frivolous lawsuits for schools and universities,” are the “most pressing issues,” Mr. Mnuchin suggested.

Some employees found themselves making more money staying at home and receiving unemployment benefits than they did working thanks to the federally-funded $600 in added compensation from the first relief bill. That problem will be fixed, Mnuchin said, by setting benefits at 70% wage replacement.

A second round of direct payments will also be in the GOP-released plan. What will not be included in a second bill, however, is a payroll tax cut, which faced strong opposition from Democrats as well as some Republicans.

The final plan “will need bipartisan support,” Mr. Mnuchin said.

Share

  • Facebook
  • Twitter
  • send Email
  • print Print

Advertisement

More Top Stories

Polls Show Dead Heat In Georgia And Iowa While Biden Racks Up YUGE Cash Advantage

Biden’s cash advantage means that Trump’s polling deficit will be difficult to make up.

Ruth Bader Ginsburg Is Dead. What Happens Now?

If you are a praying person, now would be a good time to pray for America.

What Do We Really Know About Antifa?

Appearing before the House Homeland Security Committee on Thursday, FBI Director Christopher Wray was asked a number of questions relating to Antifa-related violence and Russian interference in Americ …