The administration wants to reduce taxes on wages and business investment, as well as reduce regulatory pressure on businesses.
Larry Kudlow, the White House economic adviser, said on Friday that the Trump administration would focus on measures to boost growth and remove business barriers, while Congress is working on the next large-scale package of economic measures to combat the coronavirus.
Among the measures that Kudlow said the White House would like to see in the next economic aid package are lower payroll taxes and business investment, and the introduction of employer liability protections to help small businesses.
“We have our own set of requests, and we will probably meet in a few weeks and resume discussions, but I believe the focus will be on incentives for future growth [of the economy],” Kudlow told Fox News.
Kudlow noted that he would like to remove regulatory restrictions from American companies. The presidential adviser added that in the next 20-30 days, the US would be put in” pause mode” in anticipation of the next tranche of financial assistance.
“Right now, we are all pausing and trying to figure out our positions,” Kudlow said.