Out comes the R’s answer to not letting the public fall flat in these desperate times. The offer Sen. Romney made yesterday rings true…give everyone $1000, or those who make under $1 million. Thanks to Andrew Yang’s push during the Democratic Presidential run up contest - this maybe a temporary remedy.
T 'n co looked at the staggering numbers of potential fallout from a spreading pandemic, and the fact he has to act quickly to mollify an angry America who knows he’s not done enough. (minus his 40%).
Not sure how the overall economy will react in the long term…definitely recession, job loss and a US population fallen to it’s knees with this raging pandemic, something we have not seen since the Spanish Flu in 1918.
“We want to go big,” Mr. Trump said at a news conference at the White House, adding that he had instructed Steven Mnuchin, the Treasury secretary, to introduce measures that would provide more immediate economic support over the payroll tax cut holiday that he had been promoting.
Mr. Mnuchin told Republican senators later Tuesday that the Trump administration wanted Congress to infuse about $850 billion in additional stimulus to prop up the economy. While Mr. Trump had signaled that he wanted the payroll tax to be the centerpiece of that effort, it faced bipartisan opposition in Congress, and Mr. Mnuchin said time was of the essence.
“We’re looking at sending checks to Americans immediately,” Mr. Mnuchin said at the White House.
Later, at a lunch across from the Capitol, the Treasury secretary privately told Republican senators that he envisioned the direct payments covering two weeks of pay and said they could total $250 billion, according to two people familiar with the discussion who described it on the condition of anonymity.
The goal would be to get the checks out by the end of April, Mr. Mnuchin told the senators, with additional checks possible if the national emergency persists, the people said.
Mr. Mnuchin declined publicly to put a dollar figure on the direct payments, telling reporters only that “it is a big number.”
@MissJava - Can you move to Coronavirus please? Many thx!