Since early March, Congress has passed bills allocating $3 trillion to combat the coronavirus pandemic, including taxpayer money for individuals and companies
“We just want to make sure that before we jump back in and spend another few trillion of taxpayers’ money that we do it carefully,” Mnuchin said. “We’ve been very clear that we’re not going to do things just to bail out states that were poorly managed.”
Democrats, who control the House, are pushing for a vote as soon as this week on another massive relief bill that would include more money for state and local governments, coronavirus testing and the U.S. Postal Service. The White House is “absolutely” pushing for a payroll tax cut, Mnuchin said. Trump has been calling for a cut to the tax, which is paid by employers and workers and funds Social Security and Medicare. The idea has little support in Congress, however. White House predictions on the economy, and how quickly a coronavirus vaccine could be rolled out were questioned on Sunday by both Democrats and Republicans.
In an interview with NBC’s “Meet the Press,” he appeared to question the White House’s aim of having 100 million vaccines by the autumn and 300 million by the end of the year, calling it “an amazingly ambitious goal” and adding, “I have no idea if we can reach that.” There is currently no coronavirus vaccine.
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