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July 27, 2020 at 11:25 AM
Senate Republicans’ new coronavirus relief bill — expected to be released Monday afternoon — will include $1,200 direct payment checks, according to White House Economic Advisor Larry Kudlow.
“There’s a $1,200 check coming,” Kudlow said on CNN Monday. “That is going to be part of the new package. I would have preferred a payroll tax cut on top of that check, but be that as it may, politically it doesn’t work.”
The GOP package will also include tax credits for small businesses, Kudlow explained. “It’s a very well-rounded package. It’s a very well-targeted package, and it’s going to provide a great safety net until we get strong recovery.”
Democrats’ Reaction
Sen. Minority Leader Chuck Schumer, D-N.Y., said Monday on MSNBC’s Morning Joe that Republicans are “dithering. They’re divided.”
Democrats “passed our very comprehensive bill [the Heroes Act], bold, helping average American families close to two and a half months ago. We still don’t have the proposal from the Republicans,” Schumer explained.
On NPR’s Morning Edition, Schumer said the GOP proposal “keeps changing,” adding: “There are leaks here — we may do this, we may do that, we may do this. [Sen.] Lindsey Graham yesterday said half the Republicans are not going to vote for any stimulus package.”
Democrats, Schumer added, “proposed 10 weeks ago a comprehensive plan including dealing with unemployment insurance, extending the existing benefit to Jan. 31, and Republicans are in such disarray and dithering. The president has no idea of what to do that we don’t know what their plan is.”
Latest Details of Proposal
The Senate Republican proposal is said to cost $1 trillion and to include $105 billion for schools, as well as a more targeted round of forgivable small business loans from the Paycheck Protection Program.
