U.S. Senate committee chair exploring targeted tax relief to address coronavirus

WASHINGTON (Reuters) – The chairman of the Senate Finance Committee is exploring targeted tax relief to address the growing impacts of the coronavirus outbreak on the U.S. economy, a spokesman said on Monday.

Senator Charles Grassley “is exploring the possibility of targeted tax relief measures that could provide a timely and effective response to the coronavirus. Several options within the committee’s jurisdiction are being considered,” spokesman Michael Zona said.

Grassley has been in discussions with the White House, which is also considering tax relief for travel and airline industries. Top Democrats in Congress on Sunday urged the White House to “prioritize the health and safety of American workers and their families over corporate interests.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.