Navarro floats $2T price tag for next coronavirus relief bill
By Tal Axelrod - 06/13/20 04:41 PM EDT
White House trade adviser Peter Navarro said the next coronavirus relief package could provide funding up to $2 trillion as Democrats and Republicans on Capitol Hill debate what should be included in the next round of legislation.
Navarro said the next package should focus on the manufacturing sector with the motto of “buy American, hire American.â€
“It’ll simultaneously create more manufacturing jobs, which tend to pay much higher wages, and it’ll also help the ripple effect to create a lot of those service sector jobs, which we are going to lose to dislocation as we adjust. So the phase four, when you talk about a $3 trillion program by [Speaker] Nancy Pelosi [D-Calif.], you hear from [Senate Majority Leader] Mitch McConnell [R-Ky.] only $1 trillion, the president is very interested in something on the order of at least $2 trillion,†Navarro said Friday on Fox Business.
Navarro said the “bulk†of a future package should be focused on the manufacturing of pharmaceuticals and medical supplies and equipment.
The remarks come as Congress grapples with further action on the coronavirus while cases spike in more than a dozen states across the country.
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https://thehill.com/policy/finance/502612-navarro-floats-2t-price-tag-for-next-coronavirus-relief-bill
