White House advisers on Monday plan to present President Trump with a list of policy changes they hope could stem the economic fallout of the coronavirus, including paid sick leave and emergency help for small businesses, according to a senior administration official.
The talks have accelerated as congressional leaders said they are considering their own legislative remedies to address the economic turmoil. Congressional Democrats are discussing how to propose paid sick leave as part of new legislation, and a key Senate Republican is looking at changes to tax policy that could seek to address the heightened fears.
But many policy makers are now focused menu of options that advisers will offer Trump this afternoon when he returns from Florida. The list includes deferring taxes on specific industries hit by the coronavirus downturn, such as the hospitality and travel industries, as well as a “cashflow injection” for small businesses through the Small Business Administration. Continue reading.