NEW YORK (1010 WINS) -- Senate Majority Leader Mitch McConnell took to the Senate floor Tuesday to declare, once again, his support of a second round of stimulus checks.
Chances are there will be a second stimulus check as part of the next coronavirus relief bill, since both Republicans and Democrats are keen on it -- but there are a few key unanswered questions: the payment amounts, income cut-off and the timeline for securing a proposal both parties can agree on.
The payments would be similar to the $1,200 checks sent in the spring as part of the CARES Act for individuals earning up to $75,000 a year, plus $500 for each dependent child.
“And speaking of building on what worked in the CARES Act, we want another round of direct payments to help American families keep driving our national comeback,” the Kentucky Republican said.
While McConnell was emphatic that stimulus checks are needed, he didn't get into any details.
However, he recently said that such payments should go to Americans earning less than $40,000 a year.
"The legislation I have begun to sketch out is neither another CARES Act to float the entire economy nor a typical stimulus bill for a nation that's ready to get back to normal," McConnell said on the Senate floor.
The Trump administration has also said it's on board for a second round of stimulus checks.
While Republicans and Democrats agree on the providing stimulus checks, their targeted budgets for a spending differ vastly: Republicans want to keep new spending at around $1 trillion, while Democrats are looking at a package worth up to $3.5 trillion.
Speaking on the Senate floor on Tuesday after McConnell, Minority Leader and New York Sen. Chuck Schumer said the Republican proposal "appears destined to fall drastically short of what is required."