White House won't explain how it would pay for Trump's proposed payroll tax holiday

South Africa News News

White House won't explain how it would pay for Trump's proposed payroll tax holiday
South Africa Latest News,South Africa Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Larry Kudlow's comments at a White House briefing on the virus came hours after President Donald Trump pitched implementing a 0% payroll tax rate during to Republican lawmakers.

, according to the Center on Budget and Policy Priorities.

Kudlow was joined in the White House briefing room by other members of the coronavirus task force, led by Vice President Mike Pence, who fielded questions on the administration's response to the fast-spreading virus. Reporters then asked how lifting the payroll tax — a potentially massive deduction, especially if applied to both employers and employees — could be done without knocking the budget off balance.

"I think there will be a big growth payoff. I think it'll help deal with whatever challenges occur in the next few months."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump, White House Officials to Discuss Coronavirus Economic Response PlanTrump, White House Officials to Discuss Coronavirus Economic Response PlanWhite House officials plan to hold a high-level meeting with President Trump Monday afternoon to present him with a menu of potential fiscal-policy responses to combat the spreading coronavirus.
Read more »

White House Press Secretary Stephanie Grisham Promises ‘Healthy’ Trump Will Be ‘Just Fine’White House Press Secretary Stephanie Grisham Promises ‘Healthy’ Trump Will Be ‘Just Fine’The morning after Surgeon General Jerome Adams declared the 73-year-old president “healthier than what I am” on CNN’s State of the Union, White House Press Secretary Stephanie Grisham similarly downplayed concerns about Donald Trump’s health on Fox & Friends. Asked by co-host Ainsley Earhardt if Trump
Read more »

Trump has not been tested for coronavirus, White House says, despite indirect contactTrump has not been tested for coronavirus, White House says, despite indirect contact'The president has not received COVID-19 testing because he has neither had prolonged close contact with any known confirmed COVID-19 patients, nor does he have any symptoms,' White House press secretary Stephanie Grisham said.
Read more »

White House Says Trump Has Not Been Tested for Coronavirus and 'Remains in Excellent Health'Trump shook hands at the conference with American Conservative Union chairman Matt Schlapp, who also shook hands with an infected individual days before
Read more »

The White House kicks out journalists working for China’s state mediaBut is a retaliation against a country that does not value a free press a good idea?
Read more »



Render Time: 2025-03-26 16:48:21