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Proposed Payroll Tax Cuts Could Make Paychecks Larger

PYMNTS

If the coming pandemic relief package does not come with a payroll tax cut, President Trump has indicated this week that he will not sign the legislation. The president’s past advocacy for this approach, which could make paychecks lager for workers, has encountered bipartisan resistance, CNBC reported.

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Trump Provides Stimulus By Executive Order

PYMNTS

8) from his golf club in Bedminster, New Jersey, provides federal unemployment benefits, defers some payroll taxes, helps renters and homeowners behind on their payments and extends relief on student loans. WSJ reported the measures applies to most of the 43 million borrowers with federal student loans. He temporarily deferred the 6.2

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Stimulus Package May Be Unveiled Next Week

PYMNTS

A new stimulus package may be introduced as early as next week when Congress returns from recess, Forbes reported. Senate Majority Leader Mitch McConnell (R-Kentucky) is expected to present lawmakers with a draft of stimulus legislation authored by Republicans, with input from the White House, the news outlet reported.

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Republicans Reject Second Stimulus Bill

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trillion CARES Act before giving the green light to any new COVID-19 stimulus spending, Reuters reported. “We PYMNTS reported that House Speaker Nancy Pelosi, a California Democrat, supports the measure that would make the popular forgivable loan program more flexible and extend the timeline for using the money.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Kentucky is one of the latest jurisdictions that could welcome the wagering. Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. percent state tax on sports wagers. Integrity Fees.

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Next Economic Stimulus Package Could Hit $1T

PYMNTS

The Trump administration anticipates a $1 trillion figure could be in the cards for the next round of stimulus funding, with an eye toward possibly including back-to-work incentives, liability protections and more, Bloomberg reported. And recent analyses have the economy taking until 2030 to start fully recovering.

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Trump Wants New Business Relief Pushed Through As-Is

PYMNTS

A partisan standoff on Capitol Hill over additional small business funding prompted President Trump on Friday (April 10) to urge Congress to pass the measure as-is, without any additional add-ons, according to a Reuters report. We should have a big Infrastructure Phase Four with Payroll Tax Cuts & more. Big Economic Bounceback!”

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