Trump to propose $850B stimulus for coronavirus response
By Morgan Chalfant - 03/17/20 08:47 AM EDT
The Trump administration will seek approval of a roughly $850 billion emergency stimulus package from Congress in order to ease the economic impact of the coronavirus, a senior administration official confirmed on Tuesday.
The development was first reported by The Washington Post.
The senior administration official stressed that the proposal is a tax proposal, not a spending stimulus as Senate Minority Leader Charles Schumer (D-N.Y.) is proposing. The Post reported that the stimulus package could include a payroll tax cut and is expected to include about $50 billion to help the airline industry specifically.
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https://thehill.com/homenews/administration/487959-trump-to-propose-850b-stimulus-for-coronavirus-response
