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Senate GOP unveils $1,200 direct cash payments in massive stimulus proposal

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Senate Majority Leader Mitch McConnell, Kentucky Republican

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Senate Republicans Thursday announced a $1 trillion stimulus plan to combat the economic damage caused by the effort to control the coronavirus.

The measure includes a plan to send $1,200 checks to individuals and $2,400 to couples who earn below a certain income to help survive the economic impact and layoffs caused by the coronavirus.

It also would provide a cash infusion for small businesses, the airline industry and health care providers scrambling to test and treat patients afflicted with the virus.

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“This legislation takes bold action on four major priorities that are extremely urgent and very necessary,” Senate Majority Leader Mitch McConnell, a Kentucky Republican, said before introducing the measure Thursday. 

The cash payments are aimed at middle and low-income earners. 

Individuals who earn less than $75,000 would be eligible for a $1,200 check, while couples under the $150,000 threshold would receive $2,400. Those earning more would receive a reduced stipend.

Read more by following the link:https://www.washingtonexaminer.com/news/congress/senate-gop-unveils-1-200-direct-cash-payments-in-massive-stimulus-proposal?utm_source=WEX_Breaking%20News%20Alert_03/19/2020&utm_medium=email&utm_campaign=WEX_Breaking%20News&rid=24309106

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