Second stimulus checks WILL be included in GOP bill along with ‘targeted PPP for hard-hit businesses’
REPUBLICANS said on Tuesday that a second round of coronavirus stimulus checks will be included in the GOP's economic relief bill.
Senate Majority Leader said the Senate Republicans' legislation will include a "targeted, second round" of .
the PPP money will have a "special eye toward hard-hit businesses."
“The economy needs another shot of adrenaline,” McConnell said. “If we lose control of the virus…everything else will be window dressing.”
The legislator said the stimulus proposal will include $105billion for reopening schools and additional support for childcare.
“We need to carve out a new normal,” McConnell said. “We can’t go back to April.”
McConnell also said there would be tax incentives on hiring and retaining employees, as well as reimbursement for PPE, testing, and remodeling for workplaces adapting to the virus.
The senator said the GOP's bill will also include more money for working on a and resources for testing, as well as a to Americans.
“The Senate had led at every step of this process. We need to rise to the occasion one more time," the senator said on Tuesday.
McConnell did not mention that is expiring at the end of July.
House Democratic Caucus Chairman Hakeem Jeffries has said it's "cruel-hearted and callous" to cut off the extra $600, calling it a "failure of leadership in the Senate and in the White House."
On Monday, McConnell and House Minority Leader Kevin McCarthy to finalize .
Chief of Staff Mark Meadows told Fox News on Sunday: “As we’ve started to engage with our colleagues up on Capitol Hill, those will start in earnest starting tomorrow, Monday.”
Meadows said the US leaders were going to meet “to actually start to fine-tune it.”
Last week, McConnell said he was prepared to “begin a new bill” this week.
He’s said the legislation would cost around $1trillion, and said it would be more contentious than previous stimulus bills.
Congress has aimed at benefitting Americans in a downturned economy since hit the US earlier this year.
The third of the bills was the $2.2trillion Cares Act — one of the most expensive pieces of legislation in US history — which was signed by Trump in March.
The Cares Act included .
In May, the -led House of Representatives , which “included everything from more stimulus checks to an extension for the expanded unemployment program to more aid for states.”
But despite McConnell saying he was prepared to roll out a $1trillion economic relief package, the criticized more virus testing money and added other priorities that could complicate the bill being passed quickly.
Two weeks ago, labeled the new economic relief money .
by the end of the month, with a focus on struggling industries, hard-hit small businesses, and low-income families.
“We are monitoring economic conditions closely,” Mnuchin said.
“Certain industries, such as construction, are recovering quickly, while others, such as retail and travel, are facing longer-term impacts and will require additional relief.
“We are also sensitive to the fact that certain areas of the country are experiencing increased numbers of cases of the virus.”
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"One of the things we'll talk about is, 'Should we just have forgiveness for all of the small loans?' I think that's something we should consider."
Congress resumes on Monday, but goes on recess again from August 10 to September 7.
That between the July and August recesses for Congress to give the green light on another check.