[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Call The Exterminator: Signs Demanding Violence Against Republicans Posted In DC

Crazy Conspiracy Theorist Asks Questions About Vaccines

New owner of CBS coordinated with former Israeli military chief to counter the country's critics,

BEST VIDEO - Questions Concerning Charlie Kirk,

Douglas Macgregor - IT'S BEGUN - The People Are Rising Up!

Marine Sniper: They're Lying About Charlie Kirk's Death and They Know It!

Mike Johnson Holds 'Private Meeting' With Jewish Leaders, Pledges to Screen Out Anti-Israel GOP Candidates

Jimmy Kimmel’s career over after ‘disgusting’ lies about Charlie Kirk shooter [Plus America's Homosexual-In-Chief checks-In, Clot-Shots, Iryna Zarutska and More!]

1200 Electric School Busses pulled from service due to fires.

Is the Deep State Covering Up Charlie Kirk’s Murder? The FBI’s Bizarre Inconsistencies Exposed

Local Governments Can Be Ignorant Pissers!!

Cash Jordan: Gangs PLUNDER LA Mall... as California’s “NO JAILS” Strategy IMPLODES

Margin Debt Tops Historic $1 Trillion, Your House Will Be Taken Blindly Warns Dohmen

Tucker Carlson LIVE: America After Charlie Kirk

Charlie Kirk allegedly recently refused $150 million from Israel to take more pro Israel stances

"NATO just declared War on Russia!"Co; Douglas Macgregor

If You're Trying To Lose Weight But Gaining Belly Fat, Watch Insulin

Arabica Coffee Prices Soar As Analyst Warns of "Weather Disasters" Risk Denting Global Production

Candace Owens: : I Know What Happened at the Hamptons (Ackman confronted Charlie Kirk)

Illegal Alien Drunk Driver Mows Down, Kills 16-Year-Old Girl Who Rejected His Lewd Advances

STOP Drinking These 5 Coffees – They’re Quietly DESTROYING Your Gut & Hormones

This Works Better Than Ozempic for Belly Fat

Cinnamon reduces fat

How long do health influencers live? Episode 1 of 3.

'Armed Queers' Marxist Revolutionaries Under Investigation For Possible Foreknowledge Of Kirk's Assassination Plot

Who Killed Charlie Kirk? the Case Against Israel

Sen. Grassley announces a whistleblower has exposed the FBI program “Arctic Frost” for targeting 92 Republican groups

Keto, Ivermectin, & Fenbendazole: New Cancer Treatment Protocol Gains Momentum

Bill Ackman 'Hammered' Charlie Kirk in August 'Intervention' for Platforming Israel Critics

"I've Never Experienced Crime Of This Magnitude Before": 20-Year Veteran Austrian Police Spox


Business/Finance
See other Business/Finance Articles

Title: Kudlow Says Coronavirus Relief Package Will Include Second Round of $1,200 Direct Payments
Source: [None]
URL Source: https://www.nationalreview.com/news ... round-of-1200-direct-payments/
Published: Jul 27, 2020
Author: MAIREAD MCARDLE
Post Date: 2020-07-29 08:42:40 by BTP Holdings
Keywords: None
Views: 144

Kudlow Says Coronavirus Relief Package Will Include Second Round of $1,200 Direct Payments

By MAIREAD MCARDLE

July 27, 2020 8:01 AM

White House economic adviser Larry Kudlow speaks about the coronavirus at the White House in Washington, D.C., February 28, 2020. (Kevin Lamarque/Reuters)

White House economic advisor Larry Kudlow said Sunday that the coronavirus relief package being drafted by Senate Republicans will include a second round of direct payments to Americans as well as an extension of the moratorium on evictions for renters.

“There’s a $1,200 check coming, that’s going to be part of the new package,” Kudlow said in an interview with CNN.

The $1 trillion stimulus bill, which will be the fifth coronavirus relief package if passed by Congress, will also include an extension of the federal eviction moratorium, put in place in late March when states implemented lockdown measures and businesses began laying off employees.

The bill is also expected to include more funding for the administration’s Paycheck Protection Program, which helps businesses struggling during the pandemic to meet payroll without furloughing or laying off employees, and will reduce but extend the expanded unemployment benefits included in the CARES Act, the massive $2.2 trillion coronavirus relief package lawmakers approved in March. Out-of-work Americans are currently receiving $600 more in jobless benefits a week, but those expanded benefits expired over the weekend.

Senate Republicans also plan to include $16 billion in new funding for coronavirus testing and $105 billion to help schools reopen, which will be awarded partially based on whether schools reopen for in-person classes, as well as liability protection for businesses from coronavirus-related lawsuits.

“The check is there, the reemployment bonus is there. The retention bonus is there,” Kudlow said. “There will be breaks, tax credits for small businesses and restaurants.”

“It’s a very well-rounded package,” Kudlow continued. “It’s a very well targeted package.”

President Trump had pushed for a payroll tax cut in the upcoming relief bill, but Treasury Secretary Steven Mnuchin said last week that it will not be included in this bill, although the tax cut could be revisited in a later relief bill.

After four months of lockdown and social distancing restrictions in states across the country, nearly 32 million Americans are out of work and receiving unemployment benefits, but Kudlow predicted that the 10 percent unemployment rate would soon decrease.

4 “The odds favor a big increase in job creation and a big reduction in unemployment,” the White House economic advisor said.

The next relief package comes as cases of the coronavirus explode in several southern and western states, forcing governors to close businesses that they previously allowed to reopen.

Post Comment   Private Reply   Ignore Thread  



[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]