(NewsReady.com) – President Donald Trump is all over the place when it comes to dealing with our economic crisis, especially this week. He’s hosting lengthy conferences to address key issues related to safely reopening the country. Monday’s discussion focused on the restaurant industry, the unique challenges it faces, and what’s being done to overcome them.
Trump has also worked out a deal with Phlow Corp, a pharmaceutical company, to restore supply chain independence to the US.
— War Room: Pandemic ☣️ (@WarRoomPandemic) May 19, 2020
The $354-million contract will be doled out over 4 years to manufacture drugs that medical professionals will test or use for COVID-19 infections. Also, the money will help make medications currently in short supply. Another $458 million is optional and could aid in creating long-term medical manufacturing in America.
Additionally, during a Fox Business interview, Larry Kudlow said Trump is calling for a 7.6% payroll tax cut “so their after-tax take-home pay goes up” when they go back to work. The president hopes this plan will help states regain revenue lost due to the outbreak. During a recent teleconference, the POTUS said his administration might step in to assist in reopening states.
Details of federal involvement are currently unknown, but it’s clear that Trump has the backs of local governments as America begins its economic recovery.
~Daily News for Busy People!
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