Senate Republicans are hashing out the final details in a stimulus proposal they plan to unveil on Monday (July 27). The new proposal will include another round of $1,200 stimulus checks and retention and reemployment bonuses. The bill will not renew the $600 weekly boost to unemployment, which some Republicans claim was serving as a disincentive for people to return to work.
The Trump administration was hoping to include a payroll tax cut in the $1 trillion proposal but could not find enough Republican support for the measure.
"I would have preferred a payroll tax cut on top of that check, but be that as it may, politically, it doesn't work, but the check is there," White House economic adviser Larry Kudlow said on State of the Union.
The Trump administration said their plan is to start sending out stimulus checks in August. Treasury Secretary Steven Mnuchin said the new round of stimulus checks will use the same formula to determine how much money every person gets.
"We're prepared to move quickly," Mnuchin said. "We'll get the majority of them out in August, and those will help people."
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