Looking Forward To The Next Stimulus Bill

by davidscott

Ian Patrick, FISM News


For the next coronavirus stimulus package, politicians will soon discuss how to include a relief check and who it should go to.  Although there has been a previous attempt to push a stimulus check through with the Democrat-pioneered HEROES Act, it fell through after moving into the Senate.  The act included student loan forgiveness, unemployment insurance, and touch-ups to the Paycheck Protection Program, but also included modifications to other projects such as the U.S. Postal Service, federal elections, and immigration visa extensions.  Mitch McConnell commented on the act calling it “an unserious product from an unserious majority.”


With this new round of coronavirus legislation, McConnell is looking to compromise with House Democrats in order to get a stimulus check out to those who need it.  The Senate Majority Leader is thinking of proposing a salary cap of $40,000 a year for citizens who would be eligible to receive a new stimulus check.  This means that anyone who makes more than that amount per year would not be receiving a check.  It is also well known that Republican legislators do not want to extend the $600 a week unemployment benefit any longer than its July 31st expiration.


The Senate will resume session on July 20th, and the House will recess on August 3rd.  This will put some pressure on the Senate to meet and get a stimulus bill passed quickly for the House to vote on it.  No other explicit details about the Republicans’ ideas for the bill are known at this time.




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