Details: Publishing magnate Steve Forbes and economist Stephen Moore have been warning Treasury Secretary Steven Mnuchin, the administration’s lead negotiator on stimulus talks, and members of the White House economic council that the stakes for the new package “couldn’t be higher.”
Moore tells me, “We’re very worried about Trump doing a deal with [House Speaker Nancy] Pelosi that would have very negative effects on the economy.”
Moore predicted that if unemployment benefits from the CARES Act are extended, “You’re not gonna have a jobs recovery in the fall. Not only is that bad for millions of Americans, but Trump can’t win an election if we don’t have a good economy.”
Instead, they suggested Trump move ahead with a payroll tax cut (something Trump said is a must-have, but other Republicans aren’t as keen on).
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