Senate Majority Leader Mitch McConnell (R-Ky.) said Tuesday that Republicans want to include a second round of stimulus checks and Paycheck Protection Program (PPP) funding as part of their forthcoming coronavirus proposal.
“Speaking of building on what worked in the CARES Act, we want another round of direct payments, direct payments to help American families keep driving our national comeback,” McConnell said from the Senate floor.
The March $2.2 trillion coronavirus package included a one-time $1,200 payment for Americans who make up to $75,000 per year. The amount of the direct payment was scaled down until it hit an income level of $99,000 per year where it was phased out altogether. Continue reading.