Senate GOP prioritizes business tax cuts in coronavirus stimulus package

Senate Majority Leader Mitch McConnell.
(Image credit: MANDEL NGAN/AFP via Getty Images)

Senate Republicans released their "phase three" coronavirus economic stimulus package on Thursday in a follow-up to Wednesday's package.

The Senate passed an initial package on Wednesday, which originated in the Democrat-led House and included paid sick leave, unemployment benefits, free COVID-19 testing, and other food and medical aid. But Thursday's proposal walks back some of those actions by putting stricter limits on who can use that paid leave. It also includes loans for small businesses of up to $10 million, a lift on excise taxes for airlines, and a variety of tax cuts and adjustments for businesses.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.