White House and admin. officials to present President Trump with a set of economic stimulus options as early as Monday afternoon, including a plan to offer paid sick leave to those affected by the coronavirus and assistance for the hardest hit industries.
But there is still internal discussion on the best way forward and a consensus has not emerged, they said.
Both the president and Vice President Mike Pence, as well as Treasury and White House officials, have been consulting with industry groups on the kind of immediate relief that they might require. The White House has invited Wall Street executives to come to the White House on Wednesday to discuss the response.
One option not high on the list is a tax cut similar to the one offered by President George W. Bush, in which Americans were sent a check in the mail to help boost consumer spending. Trump’s top economic adviser Larry Kudlow said Friday that this type of stimulus is not effective.
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