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Donald Trump floats payroll tax cut, other financial relief for businesses and workers as coronavirus spreads

Donald Trump floats payroll tax cut, other financial relief for businesses and workers as coronavirus spreads

President Donald Trump said Monday he will seek financial relief for workers and businesses hurt by coronavirus, as new cases were reported across the country and U.S. stocks suffered their worst drop since 2008. Trump said he would be proposing "very major" and "very dramatic" measures but did not say specifically what they would be. He said his administration will meet Tuesday with House and Senate leaders to discuss an economic stimulus package that could include a possible payroll tax cut and relief for hourly wage earners to ensure that they won't have to miss a paycheck. “The main...

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March 10, 2020
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