Mnuchin: Next Stimulus Focused on Restarting Schools, Jobs

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U.S. Treasury Secretary Steven Mnuchin said Monday the next round of virus relief will center on getting children returning to schools and workers back into jobs.

Mnuchin, who likely will have a key role in negotiating a new stimulus bill with Democrats, spoke at a White House meeting with President Donald Trump and Senate Majority Leader Mitch McConnell to hammer out the Republican plan amid firm opposition from Democrats, who say the GOP is tilting aid toward businesses instead of people struggling with the expanding pandemic.

“The focus is kids and jobs,” Mnuchin told reporters without giving many details. Along with money still untapped from earlier rounds of stimulus, Republicans are “starting with another trillion dollars. We think that will make a big impact.”

House GOP leader Kevin McCarthy, who also was at the meeting, told reporters at the Capitol that the initial Republican proposal would include cutting the payroll tax. That’s been a central demand of Trump, even though some in his party have been cool to the idea and Democrats are opposed. It also will include another round of direct stimulus payments to individuals, he said.

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{Matzav.com}

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