Trump wants payroll tax relief to calm virus-spooked markets

0
70
ZEKE MILLER Associated Press WASHINGTON (AP) — President Donald Trump said Monday his administration will ask Congress to pass payroll tax relief and other quick measures as a public health and economic maelstrom brought on by the coronavirus drew closer to him personally. Intending to calm the fears of financial markets over the impact of the epidemic, Trump told reporters he is seeking "very substantial relief" to the payroll tax. Trump also said he was seeking help for hourly-wage workers to ensure they're "not going to miss a paycheck" and "don't get penalized for something that's not their fault." He stepped forward with the contours of an initiative after markets dropped sharply and as the outbreak spread. Several Trump confidants in Congress disclosed they were isolating them
Subscribe or log in to read the rest of this content.