Senate Republicans unveil massive coronavirus bill that would include cash payments

WASHINGTON — Sen. Mitch McConnell on Thursday released the Republican proposal for a massive emergency coronavirus stimulus bill, which includes direct cash payments for some Americans.

The proposal, expected to cost around $1 trillion, calls for direct payments on a tiered scale. Individuals making $75,000 based on a 2018 tax return would be eligible for $1,200 payments, or $2,400 for couples filing jointly.

The payments would decrease for those making more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples. The payments will also increase $500 for each child a person or couple has.