Group of Ten Senators Release Alternative Stimulus Plan

On February 1, ten Republican senators revealed a $618 billion coronavirus relief bill, countering the plan introduced by the Biden Administration in January.  The proposal addresses several of the points outlined by the Democrat-backed plan, but with significantly less funding made available and with some key issues excluded.

Highlights:

Direct Stimulus Payments

Senate Plan

  • $1,000 per adult
  • $50K/$100K annual income cap for individual/joint filings

Biden Plan

  • $1,400 per adult in addition to existing $600 payments
  • $87K/$174K annual income cap for individual/joint filings

State and Local Aid

Senate Plan

  • No aid

Biden Plan

  • $350 billion for state and local governments to distribute vaccine, increase testing, reopen schools, & more

Reopening Schools

Senate Plan

  • $20 billion for getting K-12 students back to school

Biden Plan

  • $170 billion for K-12 schools, public college and universities to help reopen, operate safely and facilitate remote learning

GFOA's Federal Liaison Center will continue to monitor the stimulus debate and report developments.

View Summary of Senate Bill