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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMcConnell plan: $1,200 payments; $1T rescue takes shape
WASHINGTON (AP) Senate Majority Leader Mitch McConnell proposed direct payments of $1,200 per person and $2,400 for couples as part of a sweeping Republican response to the coronavirus outbreak, according to a copy of the legislation obtained by The Associated Press.
The GOP leader unveiled his plan Thursday as Congress raced to craft a $1 trillion rescue package to shore up households, healthcare and the U.S. economy amid the pandemic crisis and nationwide shutdown that's hurtling the country toward a likely recession.
We need to take bold and swift action as soon as possible, McConnell, announcing his plan on the Senate floor.
It's an opening salvo in fast-track talks with Democrats as President Donald Trump urges Congress to go big to respond as Americans reel from the crisis.
https://www.msn.com/en-us/news/politics/mcconnell-plan-dollar1200-payments-dollar1t-rescue-takes-shape/ar-BB11od2U?li=BBnb7Kz
Doesn't say anything about what's being done to deal with the coronavirus itself. If that isn't done any economic stimulus is pissing in the wind.
Wounded Bear
(58,584 posts)a first cut, at least. This should help a lot of people, especially those losing jobs and such.
I'll take it.
customerserviceguy
(25,183 posts)One trillion for the little people, how many trillions for the corporate muckety-mucks?
Drahthaardogs
(6,843 posts)It let's the poor buy a few weeks of food for sheltering. We are going to be homebound for awhile.
dchill
(38,429 posts)Azathoth
(4,607 posts)It's not even one month's rent.
They're gonna have to do better. There needs to be a suspension of all rent/mortgage/property tax/utility payments and a rationed supply of free essentials. Otherwise, the plan is just to bailout the corporations while individuals slowly liquidate what savings they have.