The Trump administration's economic measures including tax cuts The timing of implementation is not clear, March 11 9:14
As the outbreak of the new coronavirus continues to spread, the US Trump administration has formulated economic measures that include new measures to reduce income taxes and support for SMEs. We aim to put in place stimulus measures and halt the negative impact on the economy, such as a sharp decline in stock prices, but coordination with the Congress has yet to be implemented, and the timing of implementation is not clear.
This was revealed by Vice President Pence in a press conference on October 10.
As a result, new economic measures will focus on lowering the salary tax, which is close to Japan's income tax, and supporting small and medium-sized enterprises affected by the spread of the new coronavirus.
In this context, senior government officials have indicated that they will continue to take steps to reduce payroll taxes, but have not disclosed any further details or scale.
Prior to the announcement, President Trump talked with Congressional General McConnell and other members of the US Senate at the U.S. Congress on Tuesday for early implementation of economic measures.
As President Trump continues to sway the financial markets due to the spread of the new coronavirus, he intends to launch economic stimulus measures to halt the negative effects on the economy, such as a sharp decline in stock prices. The timing of the implementation is not clear.