(AP Photo/Susan Walsh)President Trump's promise to unveil an emergency stimulus package to address the economic fallout from coronavirus rallied stocks on Tuesday. The Trump administration and lawmakers from both parties are actually just in the earliest stages of talks toward a relief package. The approach, of prioritizing his political wellbeing over the demands of the unfolding crisis, has characterized much of Trump's coronavirus response to date. From University of Michigan economist Justin Wolfers:A payroll tax cut is the politically most expedient way to shovel money to those who need it least. @jasonfurman @paulkrugman https://t.co/e3UnD7hIM5 — Richard H Thaler (@R_Thaler) March 11, 2020To be sure, the fact that key lawmakers are at best skeptical of a payroll tax cut doesn’t render it dead yet.

Source: Washington Post March 11, 2020 11:48 UTC