ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Trump pitches coronavirus tax cut to wary Congress

President also wants assistance for shipping, cruise and airline industries

U.S. President Donald Trump gives a thumbs up in front of reporters as he arrives with Senator Majority Leader Mitch McConnell, left, for a closed Senate Republican policy lunch meeting to discuss the response to the coronavirus outbreak on Capitol Hill.   © Reuters

NEW YORK -- U.S. President Donald Trump's push for a payroll tax holiday in response to the coronavirus outbreak has cheered financial markets but faces skepticism in Congress, even among Republicans.

Trump went to Capitol Hill on Tuesday to pitch to Republican senators a stimulus package, including the tax cut, which he wants to last through the November elections.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more