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President Donald Trump and his administration are looking into adding a variety of tax cuts for businesses, workers, and investors to the next relief bill. Democrats are preparing to battle the measures reports the New York Times.

The administration is looking to pivot from government spending measures to actions that they believe will stimulate and grow the economy. There is a list of ideas to discuss on the agenda. One allows businesses to get a reduction in the capital gains tax rate, and another would give businesses access to measures that would allow companies to deduct the full costs of any investments they make - in the present and in the future.

...President Trump’s top two priorities for the next rescue package: the suspension of payroll taxes for workers and an expanded deduction for corporate spending on meals and entertainment.

Senate Majority Leader Mitch McConnell (R) and Washington lobbyist groups are looking to pressure lawmakers to approve legal liability limits for businesses that operate during the coronavirus outbreak. This has been labeled a top priority for Republicans.

Trump took to Twitter to publicly ponder ideas:

Well run States should not be bailing out poorly run States, using CoronaVirus as the excuse! The elimination of Sanctuary Cities, Payroll Taxes, and perhaps Capital Gains Taxes, must be put on the table. Also lawsuit indemnification & business deductions for restaurants & ent.

It's expected that Democrats will push back considerably on these ideas; their priorities are helping Americans who have recently lost their jobs and securing funding for local governments who will soon be forced to lay off teachers, police officers, and emergency workers.

But a 'no more spending' chant has become the new Republican rallying cry in Washington in the wake of the $3 trillion dollars already spent amid this epidemic. The tug of war has just begun and can only get worse in the face of a steep recession in America's future.

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