Mnuchin says GOP has 'fundamental' deal on $1T coronavirus relief package

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The forthcoming GOP proposal will include a second round of stimulus checks for individuals who make up to $75,000 per year.

It's also expected to end a $600 per week boost to federal unemployment benefits and instead replace it with a roughly 70 percent match of a worker's wages before they were laid off. The 70 percent match would last through the end of the year under the Republican bill.

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The GOP proposal is also expected to include a second round of Paycheck Protection Program (PPP) funds, a five-year shield from coronavirus lawsuits except in the case of gross negligence or intentional misconduct and help for businesses to pay for protective equipment and other coronavirus-related expenses. It will not include one of President Trump’s top priorities, a payroll tax cut.

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“We've reached an agreement, we think. The White House is reviewing some of the text we agreed to last night,” Senate Appropriations Committee Chairman Richard Shelby (R-Ala.) told reporters on Thursday.

Shelby is part of a group of GOP senators who announced a deal on Wednesday night on the appropriations portions of the coronavirus package, including $105 billion for schools and $16 billion in new testing money. Asked on Thursday if text of that would be released this week, he hedged.

thehill.com

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Chad P's twitter reporting has said that Meadows was negotiating for the WH and in a lunch the other day Turtle and the republicans made it clear NO payroll tax cut.

It is unclear how they work the unemployment insurance boost, as 70% of the $600 boost or 70% of how much each worker was making.

$105 billion for schools and $16 billion in new testing money. To do what? Keep schools shut down?