Cart
Checkout Secure

Coupon Code: FT68LD435 Copy Code

 

Free Shipping Over $x to  

How Can We Help?

Howdy@bigbearlakegear.com

Mon-Fri 9am-6pm PST

New Proposed $850 Billion Dollar Stimulus Package

By Big Bear March 17, 2020 0 comments

 

Proposal for $850 Billion Stimulus package


The Trump administration will ask Congress for an $850 billion stimulus package, the Washington Post reported Tuesday, to reinvigorate the U.S. economy after markets cratered and businesses pause operations as coronavirus spreads across the country, hurting employers and employees alike.


  • Around $50 billion would be earmarked for the airline industry, the Postreported, citing two unnamed Trump administration officials.

  • Other measures that could be included in the package, like a payroll tax, would be designed to inject cash into the economy, but it remains unclear what specific measures are included in the proposal.

  • It also remains unclear how lawmakers will react to the White House’s proposal, with Democrats previously pushing back on the payroll tax cut, saying it wouldn’t help people who have lost their jobs due to the crisis.

  • Treasury Secretary Steve Mnuchin is expected to reveal the plan to Senate Republicans Tuesday, after having told the group Monday he hopes the larger Senate will pass it by the end of the week.

  • Not adjusting for inflation, the proposed package is bigger than the $700 billion stimulus package passed by Congress in 2008 financial crisis, according to the Post.

  • Trump said during a Monday press briefing that the economy “may be” heading for a recession (a statement experts agree with), sending markets into a 12% nosedive.


Source - Forbes.com

Older Post Newer Post

Newsletter

Get exclusive email only deals.

Categories

Don't Take Our Word For It! Here's What Our Customers Think:

Added to cart!
Magnetic Construction Toy, Perfect For Kids Of All Ages
Someone purchased a 18 minutes ago from Berlin, Germany
Focal Length, District Shirts and Hoodies
Someone purchased a 18 minutes ago from Berlin, Germany
Amazing Custom Heart with Your Photo!
Someone purchased a 18 minutes ago from Berlin, Germany
For Your Wife, Customize The Message Just For Her
Someone purchased a 18 minutes ago from Berlin, Germany
Coolest Mom Infinity Heart Necklace
Someone purchased a 18 minutes ago from Berlin, Germany
Dearest Wife, Customize With Your Names
Someone purchased a 18 minutes ago from Berlin, Germany
Blaze B50 1000 Lumen Headlamp
Someone purchased a 18 minutes ago from Berlin, Germany
Gone Fishin' | Premium Low Top Canvas Shoes
Someone purchased a 18 minutes ago from Berlin, Germany
Spend $x to Unlock Free Shipping Unlock free shipping when you add XX or more to your order You Have Qualified for Free Shipping Spend $x to Unlock Free Shipping You Have Achieved Free Shipping Unlock Free Shipping For Over $x to Free Shipping Over $x to You Have Achieved Free Shipping Free shipping when you order over XX ou Have Qualified for Free Shipping