Monday, July 27, 2020

GOP Expected to Unveil More $1,200 Stimulus Checks; Air-Cond and Covid-19 Connection? And Other C-Virus Updates

Erin Scott/Pool via Reuters
Treasury Secretary Steve Mnuchin says the White House wants Congress to send Americans another round of $1,200 coronavirus stimulus checks in August.
Mnuchin said plans crafted with Republican senators call for people who earn up to $75,000 to get the full amount.
People who earn more than $75,000 would get less money, and earners over $99,000 again would be left empty-handed.
The details of coronavirus legislation will be worked out during extensive negotiations between Republicans who hold the Senate and Democrats in the House. Both parties largely support more direct payments.
“We have the direct payments — and as you know, the direct payments are a much quicker way of effectively giving everybody a tax cut,” Mnuchin said on Sunday in an interview that aired on Fox News.
Details of the GOP proposal, including a possible income cap, are not yet published, but Mnuchin said Saturday the formula would remain the same for stimulus checks as in March when Congress passed the CARES Act.
White House Chief of Staff Mark Meadows said Sunday on ABC News program “This Week” that Republicans are putting the “final touches” on the legislation.
Senate Majority Leader Mitch McConnell (R-Ky.) on Thursday announced the outline of a $1 trillion Republican coronavirus bill to offset the economic harm of the pandemic. He did not state a dollar amount for direct payments.
It’s unclear if the direct payments will be in the core Republican bill or if it will be contained in its own legislation to sidestep an intra-party struggle with conservatives opposed to the spending.
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