The Trump administration is open to provide states with federal cash if they can wrest concessions from Democrats on tax cuts among other GOP priorities.Republicans had staunchly opposed the idea of state aid, and it could still be a hard sell among lawmakers who derided it as a "blue-state bailout."The Trump administration is reportedly open to extending emergency federal funds to cash-strapped states, but only if it can make headway on other GOP priorities like tax cuts.
It's also open to tying state aid to achieving other Republican priorities such as tax breaks and liability protections for reopened businesses to shield them from lawsuits. That sum of money, however, is far short of what many experts and governors say is needed to stem the fiscal pain among states. State governments have pleaded for a massive influx of cash in recent weeks, ascompel many to begin scaling back vital public services and laying off employees.
That comes as states are also grappling with increased spending on healthcare, safety net programs, and unemployment aid.for at least $500 billion in emergency federal aid for all 50 states. State aid, though, has emerged as one of the deepest rifts in the fight to shape another large coronavirus spending package.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
NO NEW TAXES!!!
Tax cuts? America's debt is reaching epic proportions, yet it's still taxing like it's Switzerland. 😂
So... quid pro quo, then. Again.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mitt Romney: Trump administration's virus testing is 'nothing to celebrate' - Business Insider'I understand the politicians are going to frame data in a way that's most positive politically. I don't expect that from admirals,' Romney said. Obviously, no one cares what Romney says. Remember that the news basically makes you stupider. Even though people think it makes them smarter… Limit time watching the media. Test data COLLECTION gaps.
Source: BusinessInsider - 🏆 729. / 51 Read more »
NYT reporter slams Trump, CDC leadership for COVID-19 response - Business Insider'Yes, it is the president's fault': New York Times reporter rips into the Trump administration's response to the pandemic and says he thinks CDC head should resign I'm adding the CDC to Trump's list of 'People to blame other than me.' Should rip into Cuomo and De Blaiso. Biggest fuck-ups of the crisis. But in the Democratic protected class and by his silver tongue in Cuomo’s case. mindfulkoala A reporter for the NY times dam imagine that
Source: BusinessInsider - 🏆 729. / 51 Read more »
VIDEO: De Niro says Trump 'doesn't care' how many die from coronavirus - Business InsiderMore than 82,000 people in the United States have died from coronavirus, more than in any other country. Yea... Robert is my man... De Niro is a senile actor. No one really cares about his opinion. Robert De Niro's baiting....
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump accuses investors of talking stock market down for short gains - Business InsiderThe president questioned if such actions were legal, though the SEC has expressed doubt toward the effectiveness of short-selling bans. Exposing Trump's Deals via global_witness Is he about to admit he manipulates the markets?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump will have to fight emoluments lawsuit in US Supreme Court - Business InsiderTrump will have to go to the Supreme Court to defeat a lawsuit accusing his DC hotel of violating the Constitution by taking payments from foreign governments Donald Trump is incompetent He literally gets paid for corruption through legal companies wow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump said the US 'could cut off the whole relationship' with China - Business InsiderThe administration is weighing several proposals to punish China for its handling of the coronavirus outbreak. It's too bad they built up a reliance on China, making such threats while not having reclaimed your own production is a terrible move, in particular going into a depression. World should be united to solve the problem. But Trump is doing unexpected activities instead of saving lives. He is failure president of USA! Does this mean we are going to make iPhones in Michigan now?
Source: BusinessInsider - 🏆 729. / 51 Read more »