Phase 4 Stimulus Package

Kudlow claims that the Coronavirus Phase 4 Stimulus Package has been ‘conclusively’ confirmed

Phase 4 Stimulus : Today, White House economic adviser Larry Kudlow spoke with FOX Business on new details about the phase four stimulus programme.

He “conclusively” affirmed the arrival of a phase four stimulus package.

This appearance follows his announcement last week that the next round of stimulus checks could be less than $1,200 and targeted at low-income and jobless Americans.

He didn’t say anything about income criteria today.

What might be included in the next stimulus?

While formal discussions have yet to begin, Kudlow suggested a “grab bag” of potential stimulus measures:

People returning to work or starting a new job will benefit from a 6.5 percent increase in after-tax salaries due to a payroll tax holiday.

• Reforms to the labour market
• Bonuses for returning to work of a modest nature
• Paycheck Protection Program Extenders
• Individuals and families receive targeted help in the form of direct mail checks.

Tax-free capital gains

Kudlow stated that another stimulus package is on the way when asked if he expected it.

Kudlow stated, “I’ll say that conclusively.” “It is becoming increasingly evident that there will be an additional package when you read the reports and speak with folks on both sides of the aisle on Capitol Hill.”

Kudlow stated, “We’ll strive to make it targeted.” “We’ll attempt to promote investment as well as effort.

We want a pro-growth package that will not only get us through this year, but will also propel us forward into 2021 and make it a year to remember.”

He went on to remark, “I think it’s reasonable to say at this time all sides agree there will be a package.”

To keep the economy going forward, schools must reopen.

It’s critical to get students back to school in order to jumpstart the economy, according to Kudlow.

He stated, “We all agree that kids need to be in school.” “Kids who stay at home cause a great deal of harm and injury to the children.

The greatest method to do it is through interpersonal teaching. You don’t want to miss another school year or a school year, because that would put them behind in their learning.”

If schools do not reopen, working parents and single mothers, in particular, will face difficulties, he added.

According to Kudlow, there are four rules that must be followed in order for schools to open successfully. This includes the following:

Using a mask

Distancing is a term used to describe the act of separating two people.

Personal cleanliness is really important.

Trying things out

According to Kudlow, President Trump is open to considering additional cash to assist on this front.

A lot is still up in the air, from classroom desk spacing to how long each school day will go.

He is confident, though, that the schools will figure it out.

“It would be a setback to actual economic recovery if we don’t reopen the schools, especially K-12, but I would also add some of these luxury colleges that ‘ought to stay open,” Kudlow added.

What the rise in coronavirus infections means for the recovery of the economy

Despite the increase in coronavirus cases, Kudlow believes the V-shaped recovery is still intact—though he acknowledges that the situation is concerning.

“Job postings are increasing, which is a very good sign,” Kudlow remarked.

A housing boom, a retail boom, and a consumer confidence boom are all happening at the same time. The number of people employed has increased.

For the 14th week in a row, initial unemployment claims have decreased.

Small enterprises are opening at an astonishing rate of 80%. He added that new business applications are also robust.

Kudlow stated, “I don’t like to watch the cases.” “On the other side, we have a plan.

We know how to make these curves flatter. I believe they will be only temporary.”

To be sure, as the number of coronavirus infections in the United States continues to rise, the data is becoming increasingly alarming.

In 35 states, instances of the Coronavirus are on the rise. According to John Hopkins University, the United States has now had over 3.3 million coronavirus infections since the epidemic began, implying that approximately one in every 100 Americans has tested positive with Covid-19.