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Trump Makes Stunning Announcement Amid COVID-19 Outbreak


As news of the COVID-19 virus spreads, more and more people are panicking. Fears mount that the virus will hammer our economy. Yesterday, President Trump made an announcement on what his administration is going to do to calm everyone’s fears. And it’s no small feat.

Fears of the virus—along with an oil price battle—resulted in a drop in the stock market early this week. The markets have fluctuated since news of COVID-19 began to spread. Naturally, concerns over what this virus might do to our industries—and global business—sent investors panicking.

There’s little we can do about that. Honestly, stock brokers panic if you look at them funny. Neither the president, nor we the average American, should be worried about that. (As quickly as the markets can drop, they can recover.)

The real concern are everyday folks who might get hit hard by this situation. Most people who work in offices or large companies have sick leave or paid time off. If, God forbid, they contract this virus, they will be able to go to the doctor, get medicine, and stay at home as they recover.

But not everyone has that option. Hourly workers and many working-class employees do not have the same benefits. In fact, if they get sick and have to miss work—they miss a paycheck. The fear of losing money might push them to go to work, even if they show signs of sickness.

You know what happens next. Not only do they not recover as fast as they should, but they increase the risk of spreading the disease.

So, President Trump announced a new plan to ensure that all Americans can take the right measures if they are sick. He also plans on bringing relief to many businesses and industries, through significant legislation.

President Donald Trump announced on Monday that the administration was going to seek to cut payroll taxes and provide economic relief to hourly employees who suffer economic harm from the coronavirus, which originated in China…

“We’re also going to be talking about hourly wage earners getting help so that they can be in a position where they’re not ever going to miss a paycheck,” Trump continued. “We’re going to be working with companies and small companies, large companies, lot of companies, so they don’t get penalized for something that is not their fault, it’s not their fault.”

Also, we’re going to be seeing Small Business Administration and creating loans for small businesses,” Trump continued. “We’re also working with the industries, including the airline industry, the cruise ship industry, which will obviously will be hit. … We’re also talking with the hotel industry and some places will do well and some places won’t do well at all, but we’re working also with the hotel industry.” [Source: Daily Wire]

This is huge news. And it should bring peace of mind to millions of workers and business owners. Fear of losing work and business over this virus was enough to hurt the markets. But if companies started losing workers over sickness—and if employees missed out on work for days—it could have been a disaster.

These measures will do two things. First, they will ensure that nobody suffers needlessly over this outbreak. Second, it will calm fears that our economy will not be able to recover from the fallout of the COVID-19 situation.

This is huge news. And it should bring peace of mind to millions of workers and business owners. Fear of losing work and business over this virus was enough to hurt the markets. But if companies started losing workers over sickness—and if employees missed out on work for days—it could have been a disaster.

These measures will do two things. First, they will ensure that nobody suffers needlessly over this outbreak. Second, it will calm fears that our economy will not be able to recover from the fallout of the COVID-19 situation.

Had Trump sat back and done nothing, the markets might continue to panic. Businesses might have folded, especially those in the hospitality industry. But payroll tax cuts and small business loans will work like shots in the arm, to protect companies and workers in a time of uncertainty.

Now, Americans don’t have to fear about losing money if they get sick. They can focus on getting better.

And the rest of us? We don’t have to panic needlessly. Because we have a president who is working overtime for our benefit.

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