(AmericanProsperity.com) – As the two-week Congressional recess closes in — it’s set to begin July 4 — Senate Minority Leader Chuck Schumer (D-NY) is pushing for a fifth coronavirus stimulus bill. However, Republicans show no signs of appeasing the Democrats’ list of new policies and funding, especially after the optimistic May 2020 Jobs Report.
This crisis is not over. Our economic comeback is just beginning. But even in these early days of our careful reopening, the American people are already trouncing expert predictions and starting to come back strong. My full statement: https://t.co/ECDItd5WaH
— Leader McConnell (@senatemajldr) June 5, 2020
Republicans are encouraged by the decrease in unemployment. They also want to have a more firm grasp on steering the economy during its rebound stage before passing another stimulus bill. This will most likely be addressed when they return from the recess in mid-July.
This potential bill would change unemployment benefits. Currently, unemployed adults receive an additional $600 per week from the CARES Act, which was passed in March. The benefits are set to end in July.
The new bill proposes payments of $300 or less per week to unemployed persons in order to encourage people to return to work. Republicans are also considering payroll tax breaks.
While another coronavirus stimulus bill is not out of the question, it probably won’t pass — if it does — until mid- to late-July. This gives Americans a chance to build up the economy without unnecessary government intervention.
~Here’s to Your Prosperity!
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