Tags: Coronavirus | Trump Administration | larrykudlow | stimulus | pandemic | whitehouse

Larry Kudlow: Virus Stimulus Package to Exceed $2T

Larry Kudlow: Virus Stimulus Package to Exceed $2T
Director of the National Economic Council Larry Kudlow speaks at a press briefing at the White House in Washington, DC (Nicholas Kamm/AFP via Getty Images)

By    |   Saturday, 21 March 2020 12:08 PM

The coronavirus economic stimulus package being negotiated by the Senate on Saturday will exceed $2 trillion, according to estimations by the White House National Economic Council Director Larry Kudlow.

"The package is coming in at about 10% of GDP," Kudlow said. "It's very large."

That would mean more than $2 trillion, a reporter reportedly countered to Kudlow.

"That's correct," Kudlow responded, according to The Hill.

Kudlow said small businesses will be getting a payroll tax holiday under the stimulus bill, which is still under negotiations, per the report.

It was not immediately clear whether that figure included a supplemental spending proposal that Democrats support adding to this third-phase plan.

Information from Bloomberg was used in this report.

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The coronavirus economic stimulus package being negotiated by the Senate on Saturday will exceed $2 trillion, according to estimations by the White House National Economic Council Director Larry Kudlow....
larrykudlow, stimulus, pandemic, whitehouse
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2020-08-21
Saturday, 21 March 2020 12:08 PM
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