REPORT: Senate GOP nears deal on $1,200 checks to earners under $75K

NYPost reports Senate Republicans are close to a deal on sending $1,200 to most Americans to counteract the economic crash caused by the coronavirus.

The Senate GOP caucus was divided on a request from President Trump to issue two batches of $1,000 checks to all taxpayers.

During a Thursday afternoon meeting of Republicans, a task force of senators presented a plan to means test a more generous $1,200.

Under the new plan, people earning less than $75,000 would get a full $1,200, with a sliding scale reducing the amount for higher incomes.

People who earned $95,000 last year — or $190,000 per couple — would get nothing.

For each child, there would be a $500 payment.

Sen Kevin Cramer (R-ND) described the outline of the checks proposal to a small group of reporters. A second Republican senator who requested anonymity confirmed the details to The Post.