Senate GOP unveils coronavirus relief plan with 70% wage replacement in unemployment insurance
Senate Majority Leader Mitch McConnell, speaks to the press after a Republican policy lunch on Capitol Hill in Washington, DC on July 21, 2020.
Olivier Douliery | AFP | Getty Images
Senate Majority Leader Mitch McConnell unveiled the Republican coronavirus relief plan on Monday as Congress scrambles to respond to a pandemic still wreaking havoc across the country.
The GOP outlined its plan after states stopped paying out the $600 per week enhanced federal unemployment benefit and a federal eviction moratorium expired. Senate GOP leaders want their proposal to serve as a starting point in talks with Democrats on a bill that could pass both chambers of Congress.
McConnell, a Kentucky Republican, said the legislation would include relief for jobless Americans, another direct payment to individuals of up $1,200, more Paycheck Protection Program small business loan funds and liability protections for doctors …continued .
[Source: CNBC News]