Tags: Coronavirus | Donald Trump | Financial Markets | Fox News | Money | Trump Administration | stimulus

Trump Supports Another, Larger Stimulus Impact Payment

president donald trump gives two thumbs up during a police reform speech in the white house rose garden
President Donald Trump (Evan Vucci/AP)

By    |   Wednesday, 01 July 2020 03:29 PM

President Donald Trump wants to get money in the hands of Americans, but only if the next phase of coronavirus impact stimulus is "done properly."

"I support actually larger numbers than the Democrats, but it's got to be done properly," Trump told Fox Business' Blake Burman in an exclusive interview at the White House.

"I want the money getting to people to be larger so they can spend it," he added. "I want the money to get there quickly and in a noncomplicated fashion."

Democrats have talked about another round of $1,200 payments for Americans, but Trump might be seeking more than that amount.

Trump has denounced the $600 per week unemployment federal add-on that has disincentivized workers in the CARES Act, saying the next stimulus package should create a "great incentive to work."

"We had something where they wanted, where it gave you a disincentive to work last time and there was still money going to people and helping people, so I was all for that, but we want to create a very great incentive to work," Trump said. "So we're working on that and I'm sure we'll all come together."

Among the alternatives is a "back-to-work bonus" for those who re-enter the workforce against a global coronavirus pandemic layoff or furlough.

"You would make more money if you don't go to work," Trump said of the $600 payment. "That's not what the country's all about. People didn't want that. They wanted to go to work, but it didn't make sense because they make more money if they didn't. And we had some of that, so we don't want to have that. We want to have people get out and we want to create a tremendous incentive for people to want to go back to work."

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President Donald Trump wants to get money in the hands of Americans, but only if the next phase of coronavirus impact stimulus is "done properly."
stimulus, impact, payment, congress, unemployment
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2020-29-01
Wednesday, 01 July 2020 03:29 PM
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