Trump wants payroll tax relief to calm financial markets

Coronavirus

WASHINGTON (AP) – President Donald Trump says his administration will ask Congress to pass payroll tax relief, as he looks to calm financial markets’ fears over the impact of the new coronavirus epidemic.

Trump told reporters Monday that the administration was seeking “very substantial relief.”

Treasury Secretary Steve Mnuchin and Larry Kudlow, the director of the national economic council, were expected to make the request of Senate Republicans on Tuesday afternoon. 

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories