(NewsReady.com) – Earlier this month, President Donald Trump signed a substantial $8.3 billion COVID-19 spending package. He still wants to do more to stabilize the economy. The Senate is considering a second economic stimulus bill that would provide a more direct effect.
The $850 billion package includes payroll taxes and other mechanisms to provide direct aid to the American people. Of that, $50 billion of that will go to the struggling airline industry.
President @realDonaldTrump will propose an $850 billion dollar response package to the coronavirus.
We have a President who fixed our broken economy once.
I know our great President will do it again!
— Julio Gonzalez (@TaxReformExpert) March 17, 2020
Aid to small businesses is also a primary concern. Senators earmarked $100 billion of the new bill to provide paid sick leave for workers affected by the virus. Congress is hammering out the final details of the emergency spending package now.
As more information becomes available, count on us to keep you updated.
~Daily News for Busy People!
Copyright 2020, NewsReady.com