On Monday, Trump proposed seeking a large payroll tax cut and offering assistance to airlines, hotels, and the cruise industry, which have been rocked by cancellations because of coronavirus fears. His proposal caught many lawmakers by surprise.
Many Republicans are uneasy about Trump’s proposed payroll tax cut, and Democrats are focused on other ideas, such as ensuring paid sick leave, according to multiple officials involved in the discussions.
The payroll tax cut could cost between $55 billion and $75 billion per year for each percentage point cut, according to the Committee for a Responsible Federal Budget. The other changes Trump discussed Monday could also have large price tags.