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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.
“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
