Read a rough draft of the GOP's initial relief bill proposal, which is circulating around the highest levels of Congress

  • Business Insider obtained a rough outline of the initial GOP coronavirus relief bill is being circulated among top aides in Congress.
  • Provisions in the draft include $25 billion in coronavirus testing and $26 billion for vaccine research.
  • However, the payment amount of additional stimulus checks were not yet determined, and details were scarce on enhanced unemployment benefits. But it would be lower than $600.
  • Other elements included an increased tax deduction for business meals from 50% to 100%.
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A rough outline of the initial coronavirus relief bill is being circulated among top aides in Congress, which was obtained by Business Insider.

The memo contains a slew of provisions dealing with coronavirus relief efforts and others that are further afield. 

The GOP is seeking to allocate around $25 billion for coronavirus testing, as well as another $26 billion for vaccine research. It also outlines $105 billion to reopen schools, keeping in line with parts of the GOP plan that have already been made public.

Other elements include an increased deduction for business meals from 50% to 100% in what appears to be an effort to encourage dining at restaurants. Another measure would also provide $20 billion in direct payments for farmers.

It also explicitly left out additional aid to state and local governments, which have confronted massive budget shortfalls due to falling tax revenue. Democrats are seeking to provide nearly $1 trillion for states — the same level of spending that the GOP is aiming in its opening coronavirus relief plan.

Read more: Top Republicans share details about the next coronavirus stimulus, including more checks for people, loans for small businesses, and $105 billion to reopen schools

Senate Majority Leader Mitch McConnell's office did not immediately respond to comment on the memo.

The GOP's efforts to release a full stimulus package and kickstart negotiations with Democrats fell apart on Thursday amid sharp disagreements on unemployment aid.

Republicans also jettisoned the payroll-tax cut from the legislation on Thursday, which had been a key priority for President Donald Trump. Treasury Secretary Steven Mnuchin said Republicans would seek to structure federal unemployment aid so it amounts to 70% of jobless person's past wages.

Read the draft below:


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