From WSJopinion: President Trump should suspend collection of the payroll tax using the same authority that extended the filing deadline to July, write StephenMoore and kerpen
President Trump needs to reset the debate on the latest coronavirus relief bill. Senate Republicans have scuttled their best pro-growth idea—a payroll tax cut—and instead released a $1 trillion spending bill. Last week Mr.
Trump acknowledged that compromising with Speaker Nancy Pelosi is a fool’s errand, because the House won’t agree to anything that boosts growth and job creation. The Democratic plan includes a six-month extension of the $600-a-week unemployment bonus and $3 trillion in new spending. It would sink the economy and imperil Mr. Trump’s re-election.
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More than 100 CEOs warn Congress of 'catastrophic' consequences for small biz without relief billThe letter, spearheaded by Howard Schultz, chairman emeritus of Starbucks, was also signed by Facebook COO Sheryl Sandberg and Microsoft CEO Satya Nadella.
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More than 100 CEOs warn Congress of 'catastrophic' consequences for small biz without relief billNEW: More than 100 current and former top executives at major US companies are calling on the US Congress to pass long-term relief for small businesses, warning of significant consequences to the economy if the Congress doesn't immediately act.
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Congress Approves Defense Relief Funding For Americans To Receive Stimulus Aircraft CarrierWASHINGTON—In an effort to ensure that the nation’s armament needs are met during this tumultuous time, Congress reportedly approved defense relief funding Monday for every American to receive a stimulus aircraft carrier. “Starting this week, every American making under $75,000 will be sent a 100,000-ton Nimitz-class aircraft carrier to make certain they are taken care of when it comes to their naval arsenal,” said Senate Majority Leader Mitch McConnell, explaining how the nuclear-powered warships, each of which will be personally signed by President Donald Trump, will serve as a helping hand to the millions of families currently vulnerable to aquatic attacks. “We are proud to say that the bill was passed unanimously by both houses, as this infusion of warships will get the arms industries pumping again and put us on the path to stability. Although we are currently planning on a one-time delivery of these 1,000-foot seagoing airbases to help Americans weather this current storm, we are also leaving open the possibility of providing a second stimulus aircraft carrier down the line.” McConnell added that should Americans need to pay rent, they can always sell their aircraft carriers to the Saudi government.
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Here’s What To Do If Congress Doesn’t Extend Student Loan ReliefCongress is at an impasse, and millions of student loan borrowers may pay the price.
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Fed's Kashkari suggests 4-6 week shutdown; says U.S. Congress can spend big on coronavirus reliefThe U.S. economy could benefit if the nation were to "lock down really hard" for four to six weeks, a top Federal Reserve official said on Sunday, adding that Congress can well afford large sums for coronavirus relief efforts. The economy, which in the second quarter suffered its biggest blow
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U.S. Congress in position to spend big on coronavirus relief, Fed official saysThe U.S. Congress is in position to spend big on coronavirus relief efforts because the nation's budget gap can be financed without relying on foreign borrowing, given how much Americans are saving, a top Federal Reserve official said on Sunday.
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