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McConnell Formally Unveils $1 Trillion Senate GOP Stimulus Proposal

He said, "The American people need more help"

Monday, Senate Republicans formally unveiled their roughly $1 trillion stimulus proposal, which includes a $400 cut in enhanced unemployment benefits, and will serve as an opening bid for bipartisan negotiations with Democrats while Congress scrambles to respond to the economic and public health crisis sparked by the coronavirus pandemic.

Senate Majority Leader Mitch McConnell said In comments on the Senate floor, "The American people need more help," and that the GOP proposal will be called the HEALS Act, an acronym for Health, Economic Assistance, Liability Protection and Schools.

The bill will include a variety of component parts, which GOP senators and committee chairman rolled out in a series of floor speeches Monday evening, including liability protections, a second round of direct payments to Americans and a second round of Paycheck Protection Program (PPP) loans intended to help keep the hardest-hit small businesses afloat.

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