Payroll tax cuts ‘very important’ aspect of next stimulus package

President Donald Trump speaks to the media while meeting with Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy in the Oval Office at the White House, Monday, July 20, 2020, in Washington. (AP Photo/Evan Vucci)

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UPDATED 11:10 AM PT — Monday, July 20, 2020

President Trump, once again, blasted China for their role in the coronavirus pandemic. While speaking during a broadcasted White House coronavirus meeting with other prominent lawmakers Monday, the president said all the deaths could have been prevented and noted that China should have never allowed the virus to spread.

President Trump also emphasized the state of the world as a whole by saying this is a global problem with major spikes being seen in countries, including Mexico, Brazil and Russia.

The president also went on to break down details being discussed for the next virus stimulus package and emphasized a possible payroll tax cut for business owners.

“We’re discussing probably a total of 10 different elements, but payroll tax cut is a very important one,” he stated. “It’s a big saving for the people, it’s a tremendous saving and I think it’s an incentive for companies to hire their workers back and to keep their works, so payroll tax cut to me is very important.”

Treasury Secretary Steven Mnuchin also said the package aims to focus on “kids, jobs, plus vaccines.” On Tuesday, he and White House Chief of Staff Mark Meadows will meet Senate Republicans on the matter.

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Amber Coakley
Author: Amber Coakley

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