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Due to the coronavirus, Americans across the country are hurting through no fault of their own, and President Trump is working every day to offer them the support and economic relief they need.

  • LARRY KUDLOW ON FOX NEWS: “We’re doing everything we can to deal with it and make it perhaps a little easier. We’re trying to save jobs, save payrolls, and save businesses, so that…when this virus runs its course, as it will — it is not permanent, this is a temporary issue. As it runs its course, the American economy will be ready to snap back.”
  • KUDLOW: “This is an interruption of what was a very prosperous economy. It’s an interruption from the virus and the necessary mitigation efforts to deal with the virus. And I also want to say that we have devoted enormous resources and work with our rescue package to add cash and liquidity, try to keep individuals and families keep afloat, keep their small businesses afloat.”

President Trump is taking action to provide unprecedented and swift economic relief to hardworking Americans whose jobs have been impacted by the coronavirus.

  • The President secured legislation to allow states to temporarily increase unemployment benefits for workers who have lost their jobs.
    • This legislation provides an additional 13 weeks of benefits and creates a new program to help the self-employed and independent contractors who become unemployed.
  • American workers and their families will be receiving direct payments to help provide financial relief during this crisis.
    • Individuals earning up to $75,000 will receive checks of up to $1,200, plus an additional $500 for each child.

President Trump is providing support to help small businesses keep workers on payroll.

  • President Trump signed historic legislation to launch the Paycheck Protection Program, providing nearly $350 billion in loans to small businesses to help cover payroll and other costs.
  • The Administration is offering enhanced disaster assistance loans and other forms of assistance for small businesses that have lost revenue as a result of the coronavirus.
  • This support is critical to help businesses stay operational and keep workers employed.

President Trump is providing financial relief for American families during the coronavirus outbreak.

  • The Treasury Department moved Tax Day from April 15 to July 15, lifting a burden on families and small businesses across the country.
  • The Administration is halting foreclosures and evictions for families with FHA-insured mortgages.
  • The USDA is working with the private sector to make sure children have access to quality meals during school closures.
  • The Department of Education has set interest rates on all federally-held student loans to 0% for at least 60 days.

Author: Press Release