Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 04, 2020

Trump Says Further Virus Stimulus Must Include Payroll Tax Cut

“We’re not doing anything without a payroll tax cut,” Trump said.

(Bloomberg) -- President Donald Trump said Sunday he won't agree to pass further stimulus measures to combat the economic fallout of the coronavirus outbreak without payroll tax cut.

“We're not doing anything without a payroll tax cut,” Trump said in a “virtual town hall” event hosted by Fox News at the Lincoln Memorial in Washington.

Trump has been advocating for a payroll tax cut for weeks but it's opposed by most congressional Democrats and it's not clear the idea has much support in Trump's own party. A payroll tax cut would have no benefit for Americans put out of work in the wake of the outbreak until they return to employment.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

©2020 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com