DONALD TRUMP: Talks of “Possible Tax Relief Measure” for Coronavirus

DONALD TRUMP: Talks of “Possible Tax Relief Measure” for Coronavirus

Donald Trump said Monday that he’ll meet with Senate and House Republicans on Tuesday to talk about “a possible tax relief measure” as “a timely and effective response to the coronavirus.”

During a press briefing with the coronavirus task force members, Trump said, “We are to be meeting with House Republicans, Mitch McConnell, and discussing a possible payroll tax cut or relief, substantial relief, very substantial relief.”

Trump wants to help workers who have been hit by the economic downturn caused by the threat of coronavirus. He also wants to help hourly wage earners, “so they can be in a position where they’re not going to miss a paycheck.” (CNBC)

Hot Takes:

  • Sounds like a good plan, except if everyone is quarantined, it will be hard to spend that extra cash, unless you’re ordering from Amazon.
  • This almost sounds like something Bernie Sanders would do.
  • Trump has continually attempted to downplay the threat of the coronavirus, but when it’s hurting the economy, he seems to want to take action.
  • The tax incentives come after Trump signed a $8.3 billion spending package on Friday to combat coronavirus.