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The Senate will vote on a coronovirus incentive bill earlier this week, Majority Leader Mitch McConnell said on Tuesday.
In a statement, the Kentucky Republican said the Chamber aims to deliver what it calls a “targeted proposal” that focuses on some of the most urgent healthcare, education, and economic issues. He did not specify what the legislation would include.
CNBC previously reported that the GOP was considering a proposal of about $ 500 billion to address increased unemployment insurance, new small business loans, school funding, and funding for the Kovid-19 test, treatment and vaccines. It is unclear how much the package was developing at the end of last month.
The bill likely would not get the 60 votes needed to get through the Senate or gain support in the Democratic-House House. Last week, Senate Minority Leader Chuck Schumer, DN.Y., described the legislation as “completely inadequate”.
Democrats and the Trump administration have failed to break an impasse over coronovirus relief since talks between the two sides occurred late last month. Democratic leaders have pushed for the White House to offer at least $ 2.2 trillion in federal funding to boost the US economy and the health care system during the epidemic. Republicans have not agreed to go more than $ 1.3 trillion so far.
Congress has failed to pass the fifth coronovirus aid package even after applying for an additional unemployed benefit of $ 600 per week, a federal moratorium on eviction and a paycheck protection program at the window. The end of those lifelines has led to millions of people being evicted from jobs, struggling to cover costs, in the form of a revolt of the entire labor market.
Last month, Republicans considered reinstating additional unemployment insurance at least $ 300 to $ 400 per week as part of their proposal. Schumer specifically criticized the law because reports said it did not include money for relief or rent and mortgage assistance for state and local governments.
Democrats have pushed for more than $ 900 billion in new aid for states and municipalities, some of which will have to cut services if they do not get more aid. The White House, which alleges that cities and states run by Democrats need money to cover financial mismanagement before the epidemic, has not offered more than $ 150 billion in new funds.
Bipartisan National Governors Association has asked for a relief of at least $ 500 billion.
Senate Republicans issued their first pass in a fifth coronavirus relief package in late July. The bill was about $ 1 trillion, more than the $ 3 trillion House Democratic legislation passed in May. This triggered a conversation of stimuli, which have since made little progress.
While most GOP senators now acknowledge the need for another relief bill, some have argued against spending any more federal money to combat the epidemic.