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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Proposes Fighting Coronavirus With Tax Cuts
President Donald Trump announced from the White House on Monday evening that hes looking at a potential payroll tax cut to help offset any damage and impact the coronavirus outbreak has had upon the American economy and stock market.
Speaking from the White House press briefing room the same day the Dow Jones experienced a record drop amid concerns that the growing coronavirus pandemic will result in a worldwide economic slowdown, the president said that hed be speaking with Congress on Tuesday about some dramatic measures to stimulate the economy.
Noting that the virus outbreak is something that everybody is talking about all over the world, Trump went on to say that hed be meeting with House Republicans and Senate Majority Leader Mitch McConnell to discuss a possible payroll tax cut or relief, which he added would be substantial and a big number.
The president additionally stated that they would also be talking about a plan that would allow hourly wage earners to get help.
Read more: https://www.thedailybeast.com/trump-proposes-fighting-coronavirus-with-tax-cuts
Chemisse
(30,817 posts)As businesses and schools close, people will be left with little or no income. Tax breaks will only help those who are still working and most likely will be geared for the rich anyway.
Dem2
(8,168 posts)How about you force retail to send home people like my cousin who is fighting cancer and feels obligated to go to the supermarket every day to keep her insurance coverage? Not only is she risking her own life, but she's risking the life of my mother who is 85 and taking care of my cousin in her apartment. I will blame the government if they die. This is preventable.
C_U_L8R
(45,021 posts)Eject this criminal idiot now.
mmbrevo
(123 posts)What about tax cuts?
Any other ideas? How about tax cuts?
What else do you have up your sleeve? Tax cuts.
Hey I have an idea, how about tax cuts?
smirkymonkey
(63,221 posts)I can't stand the motherfuckers.
Lulu KC
(2,574 posts)tests--we want tests.