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Saturday, November 27, 2021

President Trump’s China Virus Stimulus Package Now at $2-T Plus in Phase 3

The coronavirus economic stimulus package being negotiated in a late session by the Senate Saturday will exceed $2-T, according to estimates by the White House National Economic Council Director Larry Kudlow.

The package is coming in at about 10% of GDP,” Mr. Kudlow said. “It is very large.”

That would mean more than $2-T, a reporter countered to Mr. Kudlow. “That’s correct,” Mr. Kudlow responded

The US GDP is $21-T

Mr. Kudlow said small businesses will be getting a payroll tax holiday under the stimulus bill, which is still under negotiations.

It was not immediately clear whether that figure included a supplemental spending proposal that Democrats support adding to this Phase 3 plan.

Have a healthy weekend, stay at home!

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