President Trump has worked tirelessly to put the health of every American first.
His task force has been fighting since day one to make sure we come out of this situation stronger than ever before.
But that doesn’t just mean protecting the health and safety of our people. There are many Americans struggling right now, due to the overall slowdown of numerous industries.
So, the president is putting together a plan to protect Americans’ livelihood.
And he made a big announcement to keep the economy rolling.
From Daily Wire:
The White House and Congress have moved quickly to craft two coronavirus spending packages, but President Trump is pushing another $850 billion stimulus, mostly in the form of tax relief measures…
“Roughly $500 billion of this would be tied to a payroll tax cut, while $250 billion would come in the form of Small Business Administration loans and another $58 billion would be directed to the airline industry, among other measures.”
The president is proposing an additional package that will bring greater economic relief during the outbreak.
The proposal will provide nearly $850 billion in stimulus. The bulk of it will come in the form of a payroll tax cut.
That’s critical, because it means businesses will have more cash on hand. Healthy employees will keep working and infected employees can go on sick leave.
Other parts of the package provide $250 billion in the form of loans to help small businesses. In times like this, local businesses struggle the most. They often can’t survive a drop in business, even at the best of times.
These loans will help keep them afloat, as shopping and spending dips over the coming weeks.
Another $58 billion will be directed to the airline industry, which will most-likely suffer the most during this time.
Critics might be quick to complain about these measures. But they are temporary to ensure our economy doesn’t tank over something totally out of our control.
Now, all we need is for Congress to put aside their partisan bickering and get the job done.
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Source: Daily Wire