Trump calls for tax cut to combat coronavirus impact

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The US President will ask Congress to pass 'very substantial relief' in the form of a payroll tax cut. 9News

But the recommendation was reportedly blocked by the White House.

Mr Trump left the press conference without taking any questions, leaving Vice President Mike Pence to finish the briefing.Wall Street suffered its biggest drop since the global financial crisis. The payroll tax relief would require congressional approval, not a certain thing given Democrats hold control of the House of Representatives.The drop was so swift that trading was halted, a measure designed to stop crashes.The fall on Wall Street was so rapid and precipitous that trading was halted.

Source: Financial Digest (financialdigest.net)

 

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I swear he only became president so he could sign off on money he could only ever dream of

Such strength in his leadership.

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