Another $2 trillion in stimulus coming?
More stimulus? Maybe. Both both parties in Washington have different ideas about just what should be stimulated. The GOP prefers a more wait and see approach to how funds already allocated in The Cares Act are working. Mathew Frankel takes a look in this piece at just what both parties are eyeing and describes who would benefit from various measures. Democrats are looking for aid for states and local governments, more testing funds, more stimulus checks, as well as a “hodgepodge” of other funding possibilities such as supporting the Postal Service, more unemployment funding, and more funds for Medicare. The White House has some different ideas that include a payroll tax cut, an expanded tax break for corporate spending on meals and entertainment, a cut in the capital gains tax, and extending the tax deadline further into 2020. Read Frankel’s full piece here.