The United States could pump $800-B or more into the economy to minimize damage from the coronavirus outbreak if Congress passes a payroll tax holiday through year end, White House economic adviser Larry Kudlow said Monday.

“We have an enormous fiscal plan. It’s at least $800 billion and maybe more,” Mr. Kudlow told reporters, totaling up actions already taken and tacking on President Trump’s proposed tax relief.

“We have roughly $400-B in … fiscal assistance” already in the pipeline, Mr Kudlow said.

Asked in a TV interview if the United States economy was headed for a recession, Mr. Kudlow did acknowledge the pain the ongoing outbreak of COVID-19 was having across the country.

“We are being challenged. It’s going to be tough,” he said.

Congress has to get going and support the President’s policies, Now.

Have a healthy day

  #assistance, #challenged, #congress, #coronavirus, #cut, #fiscal, #Kudlow, #plan, #President Trump, #tax

The following two tabs change content below.

• Bio
• Latest Posts

HEFFX

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX (see all)

• Tesla Is Hiring Someone To Defend Elon Musk And Fend Off Attacks By Twitter Trolls - January 20, 2021
• PayPal Will Continue To Profit From A Huge Increase In Volume And Accounts - January 20, 2021
• Google’s Ethical AI Division Investigating Sharing of Sensitive Documents - January 20, 2021