Donald Trump on Monday explained he would be using “major” steps to gird the economic system in opposition to the impression of the spreading coronavirus outbreak and will examine a payroll tax minimize with congressional Republicans on Tuesday.
“We will be speaking about a doable payroll tax minimize or reduction, significant reduction, extremely significant reduction, which is a large quantity,” the US president told reporters.
He did not deliver specifics but explained a news convention will be held on Tuesday.
Dwelling of Reps Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, the top two Democrats in Congress, told reporters that any payroll tax minimize really should be restricted to these impacted by the virus.
They also explained they are crafting new laws, on the heels of $8.3 billion coronavirus funding enacted last week, that may be prepared to be released this week.
Between proposals that could be involved are