Monday, July 20, 2020

US Treasury Secretary says phase four stimulus package will start at $1 trillion dollars

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US Treasury Secretary says phase four stimulus package will start at $1 trillion dollars

From CNN's Jason Hoffman
Kevin Dietsch/Pool/AP
Kevin Dietsch/Pool/AP
Treasury Secretary Steve Mnuchin said the Trump administration hopes to pass a phase four stimulus package before the end of the month, and said that negotiations for the package will start with “another trillion dollars.”
Mnuchin said the focus of this package will be “kids and jobs and vaccines," echoing Senate Majority Leader Mitch McConnell's repeated framing of the forthcoming Republican proposal. Mnuchin also claimed there will be a vaccine before the end of the year for emergency use. 
Mnuchin said they want to tweak the enhanced unemployment insurance so they “don’t pay people more money to stay home than go to work.” 
He also said the new package will have “tax credits that incentivize business to bring people back to work. We’ll have tax credits for PPE for safe work environments, and we’re going to have big incentives, money to the states, for education for schools that can open safely and do education.”
Mnuchin added that the administration wants liability protection in the new package.

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