Republicans introduced their opening offer for the next round of COVID economic stimulus, a trillion-dollar plan that reduces federal enhanced unemployment and issues another stimulus check.
Federal unemployment beneficiaries have been receiving 600 dollars a week, under the GOP plan that number drops to 200. Senator Bill Cassidy says that number would be revisited soon.
“This stipend continues at least for a while, two months at least, and potentially two months after that,” says Cassidy.
The House Democrat backed three trillion dollar HEROES Act would extend the current 600 dollars a week benefits through the end of the year.
Cassidy says the business aid is more targeted this time, with specific language aimed at helping out struggling sit-down restaurants.
“For example allowing businesses to expense business meals at 100 percent for some period of time encouraging businesses to once more frequent restaurants,” says Cassidy.
Cassidy says the GOP offer also includes new funding for testing, COVID research, and school safety.
“The HEELS Act includes 105 billion for education, 29 billion for higher ed, 70 billion for K-12, and five billion for flexible funding for Governors,” says Cassidy.
The stimulus check would be another 1,200 dollar offer that would be administered based on the same guidelines as the first stimulus check.
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