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  • Fri. Nov 22nd, 2024

Factbox: U.S. coronavirus stimulus according to Trump, Republicans, and Democrats

Factbox: U.S. coronavirus stimulus according to Trump, Republicans, and Democrats

WASHINGTON (Reuters) – President Donald Trump met with fellow Republicans in the U.S. Senate on Tuesday to discuss a fiscal stimulus plan to bolster the nation’s economy in the face of the coronavirus outbreak.

Any plan the White House introduces will need to be approved by both houses of the U.S. Congress. Expect Democrats, who control the House of Representatives, and Republicans, who control the Senate, to battle over the shape of the stimulus in the weeks to come.

Here are some of the ideas being put forward by the different groups.

THE WHITE HOUSE

Trump, Vice President Mike Pence, and Treasury Secretary Steven Mnuchin presented options for a stimulus package, but did not have a detailed plan.

Trump has been focused on a payroll tax cut, advisers say, but has also publicly pledged relief for the airline, hotel, and cruise industries in recent days.

Employees and employers each pay 6.2% of a worker’s gross pay in payroll tax, which goes to fund Social Security and unemployment compensation, among other things.

Trump, who is up for re-e

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