White House economic adviser Larry Kudlow on Sunday promised the federal government would extend the moratorium on evictions and send out another round of checks as part of the upcoming coronavirus stimulus package.
Kudlow’s comments come after a week where White House hopes for payroll tax cuts were rejected by Congress.
“There’s a check for $ 1,200 coming up. This will be part of the new package. I would have preferred a payroll tax cut, on top of that check, ”Kudlow said on CNN’s“ State of the Union ”. it can, politically, it does not work.
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Although no deal has been officially announced, Treasury Secretary Steve Mnuchin and White House Chief of Staff Mark Meadows recently visited Capitol Hill to discuss the details of a new relief program with leaders of Congress.
By ending the extra $ 600 in unemployment benefits the federal government was providing, Kudlow argued that the extra money was hurting small businesses by hiring workers.
“We’ve had a flood of inquiries and phone calls and complaints that small stores and businesses, restaurants can’t recruit people,” he said. “They have gone too far. Maybe in March it was necessary for that, but, really, there are consequences if people don’t go back to work. ”
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Mnuchin earlier today on “Fox News Sunday” put it a little more bluntly: “I think workers and Americans understand the concept that you shouldn’t be paid more for staying home than for working. . ”
Mnuchin said the new bill will provide additional unemployment benefits, but noted that it will be lower than payments issued under the CARES Act. He said some workers collect more than they earn at work. As a result, when businesses reopened, some employees were not encouraged to return to work.
The secretary said the Trump administration and Senate Republicans were on the same page with a $ 1 trillion package, but noted that in the interests of swift passage of a bill , issues more difficult to negotiate with Democrats could be postponed for another bill.