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Trump says $200bn in tax relief, low-interest loans among new financial stimulus measures to soften coronavirus impact ...United Arab Emirates
The Trump administration will take “unprecedented” action to give financial relief to Americans affected by the coronavirus, ordering tax exemptions for those infected or under quarantine, as well as low-interest loans for firms. The measures include instructing the Small Business Administration (SBA) to provide capital and liquidity to any firms impacted by the outbreak, as well as tax relief he said would inject some $200 billion of liquidity into the US economy. “Effectively immediately, the SBA will begin providing economic loans in affected states and territories,” Trump said in a national address on Wednesday night, while also as
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