The guy has been trying to get ANOTHER handout to the rich ….
This time he’s pitching a payroll tax cut that probably won’t help middle class tax payers and WOULD probably help the Rich…AGAIN….
Trump has NOT dealt with making sure ANYONE Rich and Poor would be able to get the vaccine once it becomes available…
It is unknown if Congress will go along with this…
President Trump on Monday took his biggest step to address the economic fallout of the coronavirus, saying he will ask Congress to approve a payroll tax cut and relief for hourly workers.
Trump called for the tax cut during an appearance at the White House briefing room, where Vice President Pence tried to reassure the public that the risk for the average person remains low.
Fears that coronavirus represents a major threat to both public health and the economy grew dramatically Monday amid school closures, lawmakers quarantining themselves and a growing number of U.S. cases.
Administration officials, including Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow, are expected to meet with Republican lawmakers on Tuesday to discuss the potential stimulus measures, Trump said. Small-business loans are among the options also being considered as part of an economic relief package, he added.
Trump also said he would be asking the Small Business Administration to issue loans and that the administration was working with airlines, and the hotel and cruise industries, which have been hit hard by the spread of the virus.
Economists have warned that policymakers must take action to stimulate the economy, fend off job losses and protect small and midsize businesses to avoid a recession…..
Update….
Forget the tax cut….
…
House Democrats on Monday night balked at President Trump’s proposed payroll tax cut designed to help shore up the economy amid the coronavirus outbreak.
After the worst day on Wall Street in more than a decade, Trump said he would ask Congress to pass an emergency economic package that includes both a payroll tax cut and relief for hourly workers to fight the economic fallout from the coronavirus.
But Democrats argued that cutting the federal payroll tax would not help people who have lost their jobs in this sudden downturn, or who are part of the gig economy and do not get paid by the hour.
Asked if the payroll tax cut was dead on arrival on Capitol Hill, Rep. Gregory Meeks (D-N.Y.) replied: “I think so.”…