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Mitch McConnell opens the door to another stimulus check for Americans, saying people earning under $40,000 a year have been 'hit the hardest'

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Mitch McConnell opens the door to another stimulus check for Americans, saying people earning under $40,000 a year have been 'hit the hardest'
Mitch McConnell opens the door to another stimulus check for Americans, saying people earning under $40,000 a year have been 'hit the hardest'

"I think the people who have been hit the hardest are people who make about $40,000 a year or less," McConnell said.

Senate Majority Leader Mitch McConnell said during a public appearance in Kentucky on Monday that a second stimulus check "could well be" a part of the next economic relief package.

McConnell opened the door to including another round of direct payments, saying that people with lower incomes had borne a disproportionate share of the economic pain from the coronavirus pandemic. A Federal Reserve study published in May found that 40% of households earning under $40,000 a year had lost a job in March.

"I think the people who have been hit the hardest are people who make about $40,000 a year or less," McConnell said. "Many of them work in the hospitality industry."

McConnell's remarks underscored the debate among Republicans over the scope of direct aid in the next economic relief package. And they echoed comments from Larry Kudlow, the National Economic Council director, who said last month that direct payments could go to "people who lost their jobs and are most in need."

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It was not immediately clear, however, that McConnell's comments reflected a new position he would take in stimulus negotiations. His office did not respond to requests for comment.

Under the Cares Act, Congress authorized direct payments of $1,200 to Americans earning under $75,000 a year, plus an additional $500 per child under age 17; the cash amount gradually decreased until eligibility was cut off at individual incomes above $99,000.

People who jointly file taxes with an income of up to $150,000 were set to receive a check for the full amount and would no longer qualify if they earned more than $198,000.

The Treasury Department and the IRS have distributed direct payments to roughly 160 million Americans since April, according to the Government Accountability Office.

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Experts have said that a lower income threshold for another government payout would leave out many struggling Americans.

President Donald Trump has appeared to back another wave of stimulus checks, and the White House has indicated an openness to pushing that position in stimulus negotiations, though it hasn't unveiled a plan.

Democrats have expressed support for another round of $1,200 stimulus checks for Americans, including for unauthorized immigrants left out of the initial wave of payments. McConnell assailed that provision during a fiery speech on the Senate floor in late May.

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Read the original article on Business Insider
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