One Massive Step Closer to Next Stimulus Package! What You Need to Know
According to Forbes, on Tuesday, Senate Leader Mitch McConnell (R-KY) shared his support for “$1,200 checks,” referring to the stimulus checks proposed in HEALS Act. Stimulus checks are the one part of the next stimulus package where there is agreement.
McConnell also said that he was “prepared to support” federal unemployment benefits back at $600 per week. This overcomes one of the biggest hurdles getting in the way of consensus on the next stimulus package.
“[I’m] prepared to support” federal unemployment benefits back at $600 per week. – McConnell
He also said there would not be a “total consensus among Republican Senators” and it would have to be a “bipartisan proposal”. There are up to 20 Republican Senators who are against any bill at all. So, in order to get a stimulus package passed it will have to have support from both parties. Because, so many Republican Senators are not in favor of any additional stimulus. In other words, Senate Republicans will need to win over Democrats (and vice versa) to vote together for this to pass.
McConnell said the process was that Democratic leaders would negotiate with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows first. Then, they would meet with Senator McConnell. Therefore, there was no direct discussion between the Democrats and Republicans. This could be a good thing.
However, this is great news for those who want a second stimulus and extended unemployment benefits.