White House economic adviser Larry Kudlow promised Sunday that the federal government will extend the moratorium on evictions and send another round of checks as part of the upcoming coronavirus stimulus package.
Kudlow’s comments come after a week that Congress rejected the White House payroll tax cuts.
“A $ 1,200 check is coming. That will be part of the new package. I would have preferred a payroll tax cut in addition to that check,” Kudlow said on CNN’s “State of the Union”. Politically, it may not work. ”
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While no agreement has been officially announced, Treasury Secretary Steve Mnuchin and White House Chief of Staff Mark Meadows have been to Capitol Hill recently to discuss the details of a new aid package with congressional leaders. .
In finalizing the additional $ 600 in unemployment benefits that the federal government was providing, Kudlow argued that the extra money was hurting small businesses by hiring workers.
“We have had an avalanche of inquiries and phone calls and complaints that small shops and businesses, restaurants cannot hire people,” he said. “They went too far. Maybe last March, it was necessary for that, but really, there are consequences of people not going back to work.”
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Mnuchin earlier in the day on “Fox News Sunday” put it a little more bluntly: “I think workers and Americans understand the concept that they shouldn’t be paid more to stay home than to work.”
Mnuchin said the new bill will provide additional unemployment benefits, but noted that it will be less than the payments issued under the CARES Act. She said some workers were collecting more than they earned on the job. As a result, when companies were reopening, some employees had no incentive to return to work.
The secretary said the Trump administration and Senate Republicans are on the same page with a $ 1 trillion package, but noted that in the interest of passing a bill quickly, issues that are more difficult to negotiate with Democrats. They could be postponed to another bill.
