McConnell signals possibility of another round of stimulus checks

It is beginning to look increasingly likely that another round of coronavirus relief checks is coming.

Senate Majority Leader Mitch McConnell (R-KY) confirmed Americans might receive a second helping of federal funds as part of the next COVID-19 stimulus package, Forbes reported Monday.

The forecast is significant in contrast to the senator’s previous opposition to the government handing out more money in response to the continuing public health crisis.

Details emerge

McConnell and other Senate Republicans have apparently come around to the idea of distributing more stimulus funding directly to American families, which had long been endorsed by Democratic Party leaders.

The majority leader discussed the upcoming relief legislation currently in the works on Capitol Hill in remarks on Monday. His party is pushing for a roughly $1 trillion package — considerably less than the $3 trillion price tag associated with the HEROES Act being promoted by House Democrats.

In addition to a second round of checks, he said the plan’s goals include liability protection for businesses and increased federal funding for states and localities.

While the details are reportedly still being ironed out, McConnell suggested the next stimulus check could look different than the last.

A key difference could be that only those earning under $40,000 would be eligible — a significantly lower threshold than the $99,000 income limit to receive the first check.

“Economic stimuli”

President Donald Trump has pushed for more focused forms of stimulus, including a back-to-work incentive, as Fox Business reported.

“I support actually larger numbers than the Democrats, but it’s got to be done properly,” he said of such programs. “I want the money getting to people to be larger so they can spend it. I want the money to get there quickly and in a non-complicated fashion.”

Forbes noted that other types of “economic stimuli” implemented in response to the coronavirus pandemic could include a payroll tax cut, travel credits, and an infrastructure plan. McConnell has stressed that his focus remains on the economy, healthcare, jobs, and reopening schools.

While a plan appears to be coming together, Americans are now left to wait until all the pieces fall into place before learning what is in store for them.

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