Politics

McConnell Backs More Stimulus Payments, Says Economy Needs Shot of Adrenaline

Senate Majority Leader Mitch McConnell (R-Ky.) on Tuesday indicated that the forthcoming pandemic relief bill would include more stimulus checks, saying the U.S. economy needs “another shot of adrenaline.”

McConnell, speaking from the Senate floor, said he would be revealing the GOPs proposal after discussions with White House officials in recent weeks.

The major portions of the bill would include jobs, health care, having children return to school, and liability protections for businesses that open during the pandemic, he said.

“The American job market needs another shot of adrenaline. Senate Republicans are laser-focused on getting American workers their jobs back,” McConnell said, adding that he is in favor of “another round of direct payments” to people.

However, he didnt say how much the payments would be worth and if there would be an income cutoff point. Previously, McConnell said that people who earn less than $40,000 per year should get the next stimulus payments.

“We need to carve out a new normal,” McConnell said. “We cant go back to April.”

The GOP leader did not discuss one of President Donald Trumps top proposals, a payroll tax cut, in his speech on the Senate floor.

“Were going to be discussing it,” McConnell told The Hill when he was asked about the tax cut. “As you know the secretary of the Treasury is coming up for lunch, and were all going to see if we can get on the same page.”

Some Senate Republicans have split with the White House over the need for a payroll tax.

Senate Finance Chairman Chuck Grassley (R-Iowa) said that payroll tax cuts are a “public relations problem” and wouldnt provide much economic impact.

chuck grassley
Chairman Sen. Chuck Grassley (R-Iowa) speaks at a Senate Finance Committee hearing on Capitol Hill in Washington, on June 17, 2020. (Andrew Harnik-Pool/Getty Images)

President Trump previously has said that a payroll Read More From Source

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