Free Trial

GOP Senators Release COVID-19 Relief Proposals Before Biden Meeting

US

A group of 10 Republican senators released details of their proposed COVID-19 relief plan today, hours before a meeting with President Joe Biden on the issue to seek a bipartisan consensus.

Click link below for full plan details:

Proposed Sixth Covid Relief Package.pdf

  • Stimulus cheque details as follows: 'Provides another $1,000/person (for $1,600 total including Dec. 2020 amt). For singles, begins phasing out at $40K/yr with a $50K cap. For joint filers, begins phasing out at $80K/yr with a $100K cap. $500 for dependent adults and children. No checks to convicted inmates.' Estimated cost USD220bn.
  • USD20bn for vaccinations, USD50bn for enhanced testing.
  • This plan remains far smaller than Biden administrations preferred USD1.9trn relief package.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.