President Donald Trump announced on Monday that the administration was going to seek to cut payroll taxes and provide economic relief to hourly employees who suffer economic harm from the coronavirus, which originated in China.
“We are going to take care of and have been taking care of the American public and the American economy,” Trump said. “We are going to be asking tomorrow, we’re seeing the Senate, we’re going to be meeting with House Republicans, Mitch McConnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief, very substantial relief, that’s a big number.”
“We’re also going to be talking about hourly wage earners getting help so that they can be in a position where they’re not ever going to miss a paycheck,” Trump continued. “We’re going to be working with companies and small companies, large companies, lot of companies, so they don’t get penalized for something that is not their fault, it’s not their fault.”
“It’s not our country’s fault,” Trump continued. “This was something that we were thrown into and we’re going to handle it and we have been handling it very well.”
President Trump was reportedly presented with a list of options to provide economic relief by top advisors and this is the one he chose.
President Trump says he will press lawmakers to enact a payroll tax cut and ensure assistance is available to hourly workers amid the coronavirus pandemic that's caused deep economic concerns and stock market shock. https://t.co/Frn4IBmN9r pic.twitter.com/HACb0Vb88S— The Situation Room (@CNNSitRoom) March 9, 2020