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ARTICLE · 20 JULY 2020

Policy Proposals For Coronavirus Stimulus Measures

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President Donald Trump and his senior economic advisers are considering several additional measures to address the economic impact of the 2019 novel coronavirus.

United StatesCoronavirus (COVID-19)

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Trump Administration  – President Donald Trump and his senior economic advisers are considering several additional measures to address the economic impact of the 2019 novel coronavirus (COVID-19) after signing an $8 billion emergency funding bill. Additional policy proposals include:

  • Tax relief measures for affected industries –  Provide targeted tax relief measures for affected industries, including cruise, travel and airline industries, through tax credits, tax deferrals or cash disbursements.
  • Payroll tax cut –  Trump has indicated that he would propose a possible temporary tax cut for hourly employees unable to work.

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