President Trump wants payroll tax relief to calm financial markets

WASHINGTON (AP) —President Donald Trump said Monday his administration will ask Congress to pass payroll tax relief, as he looks to calm financial markets’ fears over the impact of the coronavirus epidemic.

Trump told reporters that the administration was seeking “very substantial relief.” Treasury Secretary Steve Mnuchin and Larry Kudlow, the director of the national economic council, were expected to make the request of Senate Republicans on Tuesday afternoon.

You can watch the full news briefing here:

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