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Headline Roundup March 10th, 2020

White House Pitches Economic Stimulus Proposals in Response to Coronavirus

Summary from the AllSides News Team

President Trump will be meeting with Senate and House Republicans on Tuesday to discuss a possible payroll tax cut and other economic assistance in response to the coronavirus. The potential tax incentives come on top of an $8.3 billion spending package Trump signed on Friday to support research for vaccines and help states battling the coronavirus.

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Trump: Payroll Tax Cuts And Hourly Worker Relief Possible In Coronavirus Response
Trump: Payroll Tax Cuts And Hourly Worker Relief Possible In Coronavirus Response

NPR (Online News)

News

President Trump said on Monday that the White House is planning on asking Congress to pass a payroll tax cut and relief for hourly wage earners in order to assist workers who may be feeling the financial pinch amid the coronavirus outbreak.

Trump said that top administration officials will be meeting with Republican members of the House and Senate on Tuesday to discuss the possible payroll tax cuts and help for hourly workers.

"Very substantial relief that's a big number," Trump said. "We're also going to be talking about hourly...

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The Coronavirus Crash: Here's What Trump Is Proposing, Plus Some Good News from China
The Coronavirus Crash: Here's What Trump Is Proposing, Plus Some Good News from China

CBN

News

Monday brought the worst coronavirus crash so far, sending stock markets plunging in a freefall that led to the biggest drop since 2008. Now President Trump is proposing a step to stop the slide even as a bit of good news appears to also be coming out of China.

The White House is set to ask Congress for a payroll tax cut and economic assistance to hourly workers to help those hurt financially by the coronavirus.

"We are to be meeting with House Republicans, Mitch McConnell, and discussing a possible...

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Trump Floats Economic Stimulus in Response to Coronavirus
Trump Floats Economic Stimulus in Response to Coronavirus

New York Times (News)

News

President Trump spoke after a trip where he spent time with two congressmen who were exposed to a person infected with the virus. His new chief of staff has also quarantined himself.

President Trump moved on Monday to address the economic effects of the widening coronavirus crisis by announcing that he would work with Congress on tax cuts and other measures after the worst stock market drop in more than a decade.

The president, who played down the virus threat earlier in the day, made an unscheduled evening appearance in...

Open on New York Times (News)

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