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Trump wants payroll tax relief to calm virus-spooked markets

 

Last updated 3/13/2020 at 3:32am

President Donald Trump gestures for Vice President Mike Pence to speak in the briefing room of the White House in Washington, Monday, March 9, about the coronavirus outbreak. AP photo/Patrick Semansky photo

Zeke Miller

The Associated Press

President Donald Trump said Monday, March 9, his administration will ask Congress to pass payroll tax relief and other quick measures as a public health and economic maelstrom brought on by the coronavirus drew closer to him personally.

Intending to calm the fears of financial markets over the impact of the epidemic, Trump told reporters he is seeking "very substantial relief" to the payroll tax. Trump also said he was seeking help for hourly-wage workers to ensure they're "not going to miss a paycheck" and "don't get penalized for something that's not th...



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