One day after Bloomberg reported that the White House envisions as much another $1 trillion in the next round of economic stimulus, during his morning press conference praising the payrolls data, President Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday.
“We’ll be going for a payroll tax cut,” Trump said as he was celebrating the jobs report that left most economists speechless. “It’s going to be a tremendous incentive for businesses. We’ll be asking for additional stimulus money.”
Unironically, just before he announced the need for even more stimulus, the president was praising the V-shaped recovery in both the economy and the stock market.