White House trade adviser Peter Navarro says his boss wants a $2 trillion relief package to hold up the economy going forward….
Larry Kudlow, director of the National Economic Council, says no extension one the extra $600 unemployment money after July ?
Something ain’t tight folks…..
You and your conservative friends may want to get people back to work yesterday ….
Pulling the rug out 3 month BEFORE the bosses vote on keeping his job is NOT a good look…
Democrats are sure to NOT go it…
Not when you are talking about MOREE tax cuts for a government that has the Treasury giving money to people and companies it won’t even name?
And then ?
On top of ALL of this?
The government’s plan for it’s next budget is coming due at the end of August?
Things are ALREADY sideways…
Are you guys gonna just turn things upside down with wrecking the economy and the governments budget by having a shutdown come September 60 days before the election?
Larry Kudlow, director of the National Economic Council, said Sunday that the $600 checks being sent to Americans on unemployment as part of coronavirus relief efforts are expected to end in July and called them a “disincentive” for people to get back to work.
“The $600 plus-up that’s above the state unemployment benefits they will continue to receive is in effect a disincentive. I mean, we’re paying people not to work. It’s better than their salaries would get,” Kudlow said on CNN’s “State of the Union.”
“That might have worked for the first of couple months. It will end in late July,” he added.
Kudlow suggested the additional checks are no longer needed as businesses reopen and unemployment rates fall.
He said the Trump administration is looking at other incentives, including smaller checks that “still provide some kind of business for returning to work.” …
Here’s the second part of this drama….
White House trade adviser Peter Navarro signaled that President Donald Trump is looking for at least $2 trillion in the next relief package being considered to help buoy an economy devastated by the coronavirus pandemic.
“The president is very interested in something on the order of at least $2 trillion,” Navarro said about a possible fourth round of stimulus during an interview with Fox Business’ Maria Bartiromo broadcast Friday evening.
Navarro said the White House would also like to see a “critical” payroll tax cut and a focus on bringing manufacturing jobs back to the U.S. in any further relief bill.
Trump’s position is likely to be at odds with congressional leaders, including members of his own party.
Senate Majority Leader Mitch McConnell has stressed to Trump that he would prefer a smaller package to the tune of $1 trillion, while Speaker Nancy Pelosi shepherded a $3 trillion package through the House last month with a major focus on providing direct relief to American families and state, local and tribal governments.
Since early March, Trump has signed into law three relief bills passed by Congress totaling nearly $3 trillion in federal funds to address the ongoing pandemic.
White House economic adviser Kevin Hassett said in a Wall Street Journal interview last week that the odds of a phase four package passing Congress before August “are very, very high.”….