Senate Majority Leader Mitch McConnell (R-Ky.) on Tuesday confirmed Republican lawmakers’ support for a second round of stimulus checks, but the amount of the payments and the restrictions on income are yet to be revealed.
KEY FACTS
“We want another round of direct payments to help American families keep driving our national comeback,” McConnell said on the Senate floor on Tuesday.
Congressional Democrats and President Trumpare also on board with the second round of checks.
Under the $2.2 trillion CARES Act, the IRS sent direct payments of $1,200 to qualifying Americans making less than $75,000 per year (or $150,000 for couples filing jointly), plus $500 for dependent children under age 17.
It’s not yet clear if the next round of checks will be the same as the CARES Act’s direct payments; some have speculated that Republicans will want to lower the income threshold and narrow the scope of recipients to those earning $40,000 per year or less.
KEY BACKGROUND
Lawmakers returned to Washington this week to hash out the next, and likely last, round of rescue legislation before they leave again for an August recess. They’re sharply divided on a raft of issues, from aid to state and local governments to funding for school reopenings to expanded unemployment to liability protections for businesses. McConnell is expected to release the GOP’s proposed bill sometime this week.
This article originally appeared on Forbes.
