Senate Majority Leader Mitch McConnell is proposing direct payments of $1,200 per person and $2,400 for couples amid the coronavirus outbreak, according to a copy of the legislation obtained by The Associated Press. Included in the massive economic stimulus bill will be bailouts for companies suffering as a result of the coronavirus outbreak. Trump asserted Thursday that he is in favor of stopping companies from using any coronavirus economic bailouts to be used for buybacks. While not all the details are out on the McConnell package, the dollar amount for Americans making more than $75,000 is more than what Treasury Secretary Steven Mnuchin previewed Thursday morning. The phase two package included new programs for individuals affected by coronavirus, including paid sick and family leave.

Source: Daily Mail March 19, 2020 22:08 UTC