“We’re worried about small businesses. We might be worried about small farms. We might be worried about some sectors of the economy that are really hard hit,” Kudlow said.
Kudlow did not name the specific industries that could get tax deferments and a Treasury spokesman did not immediately respond to a request for comment. The Washington Post first reportedKudlow said the administration may have to go to Congress to seek additional funding, but aid would be “targeted micro-forms of assistance.”
The Federal Reserve this week announced an emergency half-percentage point rate cut to try to blunt the coronavirus’ impact.