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Mitch Mcconnell Presents The Revised Gop Stimulus Proposal, With Recoil That Does Not Include Controls

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Senate Majority Leader Mitch McConnell on Tuesday said that he wants to stick with a revised Republican, scaled-back stimulus bill. A leaked draft shows that the proposal does not include a second round of checks.

A draft of the new plan, circulated to Republicans and leaked to the media today, provides for another round of funding for the Paycheck Protection Program and liability protection for corporations. The framework came shortly after Treasury Secretary Steve Mnuchin and White House Chief of Staff Mark Meadows met with McConnell and House Majority Leader Kevin McCarthy to negotiate provisions and hold discussions on areas of relief that would get support from President Donald Trump.

The Senate GOP targeted relief draft includes an estimated $332 billion in small business relief, $105 billion for education to “help get students back,” $31 billion for the development of vaccines and testing strategies, $16 billion for contact tracing, testing and surveillance in states, as well as $20 billion for further farm relief. It does not include a highly-anticipated second round of direct payments, unemployment benefits or aid to states that Democrats have repeatedly called for.

Senate Majority Leader Mitch McConnell talks with reporters following the weekly Republican Senate conference meeting on December 01, 2020 in Washington, DC.
Tom Williams-Pool/Getty

The price tag was almost double the $500 billion “targeted” package proposed by McConnell and less than half of the $2.2 trillion that House Speaker Nancy Pelosi has demanded, but it fell flat with leaders from both sides of the political aisle.

“We don’t have time for messaging games, we don’t have time for lengthy negotiations. The way you get a result is you have to have a presidential signature,” McConnell said. “We don’t have time to waste time.”

Senate Minority Leader Chuck Schumer called the plan “a good effort,” but was largely uninterested.

“It’s not what Democrats wanted, it’s not what we hoped for, it doesn’t serve every need. But it’s $908 billion more than $0,” Democratic Congress Dean Phillips of Minnesota, a Problem Solvers member, told Newsweek. “You don’t need a calculator to determine that.”

Newsweek reached out to Pelosi’s office for comment.

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