Senate Majority Leader Mitch McConnell (R-Ky.) said that the next round of pandemic legislation may include more stimulus payments to help, namely, low-income Americans.
It’s not clear if McConnell was suggesting whether the $40,000 income would be the cut-off point for the stimulus payments.
McConnell’s suggestion of a more targeted approach to sending out direct payments may find bipartisan support.
Elaborating further on the timeline, McConnell said he would put forward his own legislation after the Senate returns on July 20.
“I‘ll be unveiling something which will be a starting point in a few weeks and we’ll be dealing with the administration and the Democrats,” McConnell said on Monday.
“I can’t comfortably predict we’re going to come together and pass it unanimously like we did a few months ago,” he added. “The atmosphere has become more political than it was in March, but I think we will do something. The country needs one last boost.”
He reiterated that the next stimulus legislation will likely be the last.
“This will have to be the last rescue package, because we now have a debt the size of our economy for the first time since World War II. We cannot keep doing this,” McConnell said.
The new comments came several days after the Bureau of Labor Statistics reported that nearly 5 million new jobs were added in June. But during the pandemic, more than 40 million people have filed for unemployment as governors implemented statewide stay-at-home orders, leading to the closure of numerous “non-essential” businesses.
The House and Senate left for a nearly three-week recess starting last week. They will return on July 20, coming just days before expanded unemployment insurance payments of $600 per week are set to end