Times Square Gossip

Insane Donald Trump Washington, D.C.— A diverse coalition of national groups cautioned Congress today not to use the novel coronavirus emergency as an excuse to lavish more tax cuts on the wealthy and corporations or to enact payroll tax cuts. The 13 initial letter signers argued in a letter to the House and Senate for “an aggressive response to the economic and societal impact of the novel coronavirus outbreak, but caution[ed] against allowing this national emergency to be used to demand tax cuts that will be poorly targeted, lack the biggest bang-for-the-buck and favor those families that have the most resources to weather the crisis.” Other groups are expected to sign the letter in coming days. The groups also wrote: “Such undesirable tax strategies also include payroll tax cuts. They would provide little immediate stimulus to the economy because they would be relatively inefficient and paid out in small increments over time. Moreover, payroll tax cuts provide the ...