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Trump wants payroll tax relief to calm virus-spooked markets

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Trump wants payroll tax relief to calm virus-spooked markets

WASHINGTON (AP) — President Donald Trump mentioned Monday his administration will ask Congress to go payroll tax relief and different fast measures as a public well being and financial maelstrom introduced on by the coronavirus drew nearer to him personally.

Intending to calm the fears of economic markets over the influence of the epidemic, Trump informed reporters that he’s searching for “very substantial relief” to the payroll tax. Trump additionally mentioned he was searching for assist for hourly-wage employees to guarantee they’re “not going to miss a paycheck” and “don’t get penalized for one thing that’s not their fault.”

He stepped ahead with the contours of an initiative after markets dropped sharply and because the outbreak unfold. A number of Trump confidants in Congress disclosed they have been isolating themselves after potential publicity to the virus; one traveled with the president from Florida on Air Power One on Monday.

Trump mentioned he would maintain a press convention Tuesday to define the proposals, saying they might be “discussing a doable payroll tax reduce or relief, substantial relief, very substantial relief, that’s large, that’s an enormous quantity. We’re additionally going to be speaking about hourly wage earners getting assist in order that they are often able the place they’re not going to ever miss a paycheck.”

As Trump grappled with an epidemic whose penalties he has repeatedly performed down, the White Home asserted it was conducting “enterprise as common.” However the day’s enterprise was something however regular. Lawmakers pressed for particulars on how the Capitol may very well be made safe, handshakes on the Hill have been discouraged and a Pentagon assembly was damaged into sub-groups to reduce the variety of individuals in the identical room.

The president dove into handshakes with supporters earlier within the day, when arriving to headline a fundraiser in Longwood, Florida, that raised roughly $four million for his reelection marketing campaign and the Republican Occasion. He ignored shouted questions concerning the sinking inventory market as he boarded Air Power One for the flight again to Washington.

On that flight: Florida Rep. Matt Gaetz, who later went right into a voluntary quarantine. He was considered one of a number of GOP lawmakers who have been uncovered to an individual finally month’s Conservative Political Motion Convention who examined constructive for the virus. His workplace mentioned he was “mid-flight” on Air Power One when CPAC knowledgeable his employees that he had been in touch with the attendee who had the virus.

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En esta imagen tomada de un video cortesía de la Guardia Nacional de California, un helicóptero del 129no batallón de rescate sobrevuela el crucero Gran Princess frente a las costas de California, el jueves 5 de marzo de 2020. (Guardia Nacional de California vía AP)

Staff put together a wharf on the Port of Oakland to obtain the Grand Princess in Oakland, Calif., Sunday, March 8, 2020. The cruise ship, miles off the port Sunday, is anticipated to dock Monday for novel coronavirus quarantine after a number of individuals examined constructive for the virus. (AP Picture/Noah Berger)

On this picture from video, offered by the California Nationwide Guard, airmen with the 129th Rescue Wing drop virus testing kits down to the Grand Princess cruise ship off the coast of California Thursday, March 5, 2020. Scrambling to preserve the coronavirus at bay, officers ordered a cruise ship with 3,500 individuals aboard to keep again from the California coast Thursday till passengers and crew may be examined, after a traveler from its earlier voyage died of the illness and not less than two others grew to become contaminated. The California Nationwide Guard 129th Rescue Wing lowered take a look at kits onto the 951-foot (290-meter) Grand Princess by rope because the vessel lay at anchor off Northern California, and authorities mentioned the outcomes can be accessible on Friday. Princess Cruise Traces mentioned fewer than 100 individuals aboard had been recognized for testing. (California Nationwide Guard through AP)

Passengers look out from balconies aboard the Grand Princess because it cruises a holding sample about 25 miles off the coast of San Francisco on Sunday, March 8, 2020. The ship is anticipated to dock in Oakland within the east San Francisco Bay on Monday. California Gov. Gavin Newsom and the mayor of Oakland sought Sunday to reassure the general public that not one of the passengers from the ship with a number of circumstances of the brand new coronavirus shall be launched into the general public earlier than present process a 14-day quarantine. (AP Picture/Noah Berger)

Carrying a number of individuals who have examined constructive for COVID-19, the Grand Princess maintains a holding sample about 30 miles off the coast of San Francisco, Sunday, March 8, 2020. The cruise ship is scheduled to dock on the Port of Oakland on Monday. (AP Picture/Noah Berger)

A person wears a masks aboard the Grand Princess because it maintains a holding sample about 25 miles off the coast of San Francisco on Sunday, March 8, 2020. The cruise ship is scheduled to dock on the Port of Oakland on Monday for COVID-19 quarantine after 21 individuals examined constructive for the virus. (AP Picture/Noah Berger)

SPRINGFIELD, VA – MARCH 7: Native Goal retailer within the D.C space depleted of cleansing and sanitizing provides and left with empty cabinets as concern develop of COVID-19 (the coronavirus) experiences rising on March 7, 2020 in Springfield, Virginia. Credit score: mpi34/MediaPunch /IPX

SPRINGFIELD, VA – MARCH 7: Native Goal retailer within the D.C space depleted of cleansing and sanitizing provides and left with empty cabinets as concern develop of COVID-19 (the coronavirus) experiences rising on March 7, 2020 in Springfield, Virginia. Credit score: mpi34/MediaPunch /IPX

The headquarters for Facilities for Illness Management and Prevention is proven on Friday, March 6, 2020 in Atlanta, Georgia. President Donald Trump’s journey to the Facilities for Illness Management and Prevention, briefly scuttled Friday due to unfounded fears that somebody there had contracted the coronavirus, was again on, giving the president one other probability to calm rising alarm concerning the unfold of the virus in America. (AP Picture/ Ron Harris)

An ambulance backs right into a car parking zone, Friday, March 6, 2020, on the Life Care Heart in Kirkland, Wash., which has change into the epicenter of the COVID-19 coronavirus outbreak in Washington state. This ambulance left the ability after a short while and didn’t transport a affected person. (AP Picture/Ted S. Warren)

Ambulance employees transfer a person on a stretcher from the Life Care Heart in Kirkland, Wash. into an ambulance, Friday, March 6, 2020. The ability is the epicenter of the outbreak of the the COVID-19 coronavirus in Washington state. (AP Picture/Ted S. Warren)

Secretary of Well being and Human Companies Alex Azar appears on as President Donald Trump reveals a spending invoice to fight the Coronavirus, on the White Home, Friday, March 6, 2020, in Washington. (AP Picture/Evan Vucci)

President Donald Trump holds {a photograph} of coronavirus as Dr. Steve Monroe,proper, with CDC speaks to members of the press on the headquarters of the Facilities for Illness Management and Prevention in Atlanta on Friday, March 6, 2020. President Trump’s journey to the Facilities for Illness Management and Prevention, briefly scuttled Friday due to unfounded fears that somebody there had contracted the coronavirus, was again on, giving the president one other probability to calm rising alarm concerning the unfold of the virus in America. (Hyosub Shin/Atlanta Journal-Structure through AP)

Picture by: John Nacion/STAR MAX/IPx 2020 3/6/20 Folks put on masks to defend themselves from the Corona Virus in New York Metropolis.

Picture by: John Nacion/STAR MAX/IPx 2020 3/6/20 Folks put on masks to defend themselves from the Corona Virus in New York Metropolis. Customers have cleared retailer cabinets of sanitizing merchandise.

Vice President Mike Pence, left, arrives with Debi Birx, heart, White Home coronavirus response coordinator, and Robert Redfield, proper, director of the CDC, Thursday, March 5, 2020, at Joint Base Lewis-McChord in Washington state for a go to with state officers. (AP Picture/Ted S. Warren)

Vice President Mike Pence greets Washington Gov. Jay Inslee, left, as Pence arrives, Thursday, March 5, 2020 at Joint Base Lewis-McChord in Washington state. Officers are avoiding handshakes due to the COVID-19 coronavirus. (AP Picture/Ted S. Warren)




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As soon as the airplane landed, Gaetz was instantly examined.

Vice President Mike Pence, who additionally spoke at CPAC, mentioned he has not been examined for the virus. He mentioned he didn’t know whether or not Trump had been examined.

In Monday morning tweets, Trump vented concerning the market drop and information that enormous public gatherings have been being referred to as off due to the virus.

“At this second there are 546 confirmed circumstances of CoronaVirus, with 22 deaths,” Trump tweeted, evaluating it to seasonal influenza and the 1000’s of deaths that causes. “Take into consideration that!”

Scientists at this stage don’t know what the dying charge of the brand new coronavirus truly is and whether or not it’ll wind up being about the identical as flu or worse.

On the similar time, administration officers have been insistent that they weren’t attempting to dismiss public considerations. “It is a very severe well being drawback,” Well being and Human Companies Secretary Alex Azar informed Fox Information.

On the Pentagon, officers have begun “social distancing” measures.

On Monday, Protection Secretary Mark Esper’s common assembly with senior employees, which usually can be held face-to-face in a single room with 40 to 50 members, was damaged up into three rooms, with video-teleconferencing among the many rooms, in accordance to the Pentagon’s chief spokesman, Jonathan Hoffman. He mentioned Esper and the 15 to 20 individuals in his room, together with Gen. Mark Milley, chairman of the Joint Chiefs of Workers, sat not less than six ft aside, consistent with well being steering.

Trump was delegating a lot of the virus response to Pence, who convened a video teleconference to give an replace on the federal authorities’s virus response Monday afternoon with the nation’s governors. Trump met his prime financial advisers earlier than rising to disclose he’ll search the payroll tax break.

The White Home has been convening conferences with an array of journey and healthcare trade executives. Trump invited Wall Road executives to the White Home on Wednesday to talk about the financial fallout of the epidemic.

On Capitol Hill, the place many lawmakers are older and have frequent contact with the general public, leaders have been fielding questions from members and employees about how the complicated shall be secured. Leaders have to this point proven little willingness to shut the Capitol, however conferences have been scheduled all through the day to talk about preparations.

On Monday, Rep. Doug Collins, R-Ga., and Gaetz put themselves in voluntary quarantine due to their contacts with somebody on the Conservative Political Motion Convention.

Each mentioned they didn’t have any signs however would wait out the rest of the 14 days for the reason that contact at residence. Gaetz final week wore a fuel masks to the Home vote on the emergency funding invoice for the virus response and mentioned he wished to spotlight how Congress may change into “petri dish” for the virus.

Collins met Trump on Tuesday evening on the White Home and shook arms with him Friday when the president visited the Facilities for Illness Management and Prevention’s Atlanta headquarters.

Sen. Ted Cruz, R-Texas, and Rep. Paul Gosar, R-Ariz., additionally positioned themselves in quarantine after coming in touch with the identical particular person on the conservative convention.

As nicely, Rep. Julia Brownley, D-Calif., mentioned she met final week with an individual who has since been identified with the virus. She closed her workplace and mentioned she and her employees are “self-monitoring and sustaining social distancing practices.”

Huge numbers of tourists come to the Hill, particularly right now of yr when advocacy teams organize “fly-in” journeys to foyer and converse to lawmakers, and faculty teams descend for excursions.

In a single manifestation of lawmaking within the age of the coronavirus, Rep. Richard Neal, D-Mass., approached a Republican colleague on the Home ground Monday for a routine congratulatory handshake after the chamber permitted a invoice increasing a visa program. “Shake or bump?” Neal requested Rep. Kelly Armstrong, R-N.D.

The 2 males bumped elbows.

Places of work on Capitol Hill additionally marketed they have been holding “no contact conferences” and requested friends to chorus from shaking arms.

The chairman of the Democratic caucus, Rep. Hakeem Jeffries, mentioned the Home’s chief administrative officer and the sergeant at arms are anticipated to transient Democrats at their common caucus assembly Tuesday. The dialogue was anticipated to tackle whether or not the Capitol shall be restricted to guests, he mentioned.

Treasury Secretary Steve Mnuchin and Larry Kudlow, the director of the nationwide financial council, have been anticipated to carry the stimulus requests to Senate Republicans on Tuesday afternoon.

Lawmakers on Capitol Hill had barely began to ponder the financial implications of the unfold` of the virus and what is perhaps wanted to stimulate the economic system as individuals cancel holidays and enterprise journeys and keep away from shops. Senate Finance Committee Chairman Chuck Grassley informed reporters that “all the things’s on the desk.”

However members of the Senate Republican management, together with Texas Sen. John Cornyn performed down the necessity for an financial stimulus package deal of any variety, be it tax cuts or help for employees. “It’s untimely to be speaking about that,” Cornyn informed reporters. “I normally love tax cuts however I feel it’s just a little untimely.”

Democrats indicated they most popular different responses, like passing laws requiring employers to give their employees paid sick go away — a longtime coverage precedence of Democrats — and extra assist for these with decrease incomes.

“The easiest way to guarantee financial safety for the American individuals proper now’s to cope with the coronavirus itself, competent and full on,” mentioned Senate Democratic Chief Chuck Schumer. “One thing we haven’t but seen. Getting a deal with on the disaster and containing the unfold of the virus is by far the easiest way to tackle any results on the economic system.”

A day after saying it was “continuing as regular,” Trump’s marketing campaign canceled a three-day Girls for Trump bus tour throughout Michigan that included Mercedes Schlapp, the previous White Home aide who’s married to the American Conservative Union chairman, Matt Schlapp.

Schlapp is below self-quarantine after after he, too, was uncovered to the contaminated particular person at CPAC. He launched Trump and greeted him with a handshake on stage earlier than the president’s spoke on Feb. 29.

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Related Press writers Lauran Neergaard, Andy Taylor, Kevin Freking, Jill Colvin, Bob Burns, Lisa Mascaro and Mary Clare Jalonick contributed to this report.

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The Related Press receives help for well being and science protection from the Howard Hughes Medical Institute’s Division of Science Schooling. The AP is solely chargeable for all content material.

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