Washington Continues Work on Coronavirus Response

Originally published on June 16, 2020 by NAIOP.

After weeks of pumping the brakes on a so-called “phase four” coronavirus relief bill, the White House recently signaled its interest in moving an additional legislative package, provided it includes certain priorities.   

In an interview last week, trade adviser Peter Navarro sketched out the Trump Administration’s vision: a $2 trillion bill, with incentives for companies to “bring back” manufacturing jobs, and a “critical” payroll tax cut. A relief bill of that size would bridge the gap between the $3 trillion House-passed The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, and a $1 trillion version that Senate Majority Leader Mitch McConnell (R-KY) has called for.  

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