Trump eyes new tax cuts for next stimulus package - The Boston Globe

Source: The Boston Globe - View Original Article
Published: May 05, 2020
Category:
Bias Rating:

82% Liberal


Bias Score Calculation:


Policies:

Government Spending

Sentiments

82% "Brian Miller, a lawyer in the White House counsel's office, told the Senate Banking Committee during his confirmation hearing on Tuesday that independence is ..."
81% "None of the plans are likely to find favor with congressional Democrats, who are pushing instead for additional support for Americans who have lost ..."
78% "Some believe that business support is best left to the Federal Reserve, which has opened a series of lending programs meant to keep the ..."
75% "While he is respected in the oversight community, Miller's role in the White House counsel's office -- which led Trump's defense during impeachment -- ..."
66% "Trump and his aides are also planning to push lawmakers to approve legal liability limits for businesses that operate during the pandemic, a top ..."
63% "'No more spending' has really become the rallying cry of the right, said Stephen Moore, an informal adviser to Trump who is the president ..."
62% "But administration officials and many of their allies privately acknowledge what public forecasters, including the Congressional Budget Office, are increasingly projecting: that the recession ..."
61% "Miller has worked at the Justice Department and was inspector general for nearly a decade at the General Services Administration, which oversees thousands of ..."

We have listed the top 10 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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Contributing sentiments towards policy:

82% : Activist protests in state capitals in favor of "reopening" the economy -- and a growing backlash among congressional conservatives against the $3 trillion-and-growing tab for federal spending on economic assistance during the crisis -- have increased the pressure from Trump's base to shift the government's focus, even as millions of Americans are applying for new unemployment benefits each week.
82% : Brian Miller, a lawyer in the White House counsel's office, told the Senate Banking Committee during his confirmation hearing on Tuesday that "independence is vital'' for the special inspector general for pandemic recovery.
81% : None of the plans are likely to find favor with congressional Democrats, who are pushing instead for additional support for Americans who have lost their jobs as the pandemic plunges the country into recession and for hundreds of billions of dollars in federal assistance to struggling state and local governments to prevent layoffs of teachers, police officers and other government workers.
78% : Some believe that business support is best left to the Federal Reserve, which has opened a series of lending programs meant to keep the financial system functioning and to help steady the economy once the recovery begins.
75% : While he is respected in the oversight community, Miller's role in the White House counsel's office -- which led Trump's defense during impeachment -- is troubling, Democrats and watchdog groups said.
66% : Those proposals, which are still being debated and are not final, could accompany President Donald 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.
66% : Trump and his aides are also planning to push lawmakers to approve legal liability limits for businesses that operate during the pandemic, a top priority of business lobbying groups in Washington and Senator Mitch McConnell, R-Ky.
63% : "'No more spending' has really become the rallying cry of the right," said Stephen Moore, an informal adviser to Trump who is the president of the Committee to Unleash Prosperity, which has pushed governors and other officials to ease restrictions on restaurants, bars and other businesses.
62% : But administration officials and many of their allies privately acknowledge what public forecasters, including the Congressional Budget Office, are increasingly projecting: that the recession will be so severe that it could take years for the US economy to fully recover, even if growth returns this year.
61% : Miller has worked at the Justice Department and was inspector general for nearly a decade at the General Services Administration, which oversees thousands of federal contracts.
56% : , the majority leader.
55% : That could necessitate continuing government support to people and businesses, although administration officials are divided over what form that should take and how much they should spend.
54% : Some of the administration's proposals have been disclosed publicly by officials, while others have been discussed internally and with outside advisers.
42% : There is going to be civil war in Congress over this."
41% : The administration's internal debates reflect a balancing act as the White House tries to continue helping businesses and individuals weather the recession while hoping that a gradual lifting of state restrictions on economic activity will begin to restart growth and move the discussion in Congress away from additional spending programs and toward incentives for investment.
41% : The post would place him in charge of overseeing a roughly $500 billion Treasury fund for industry created as part of the economic rescue law approved in late March.
34% : There is debate within the administration, for example, over whether to continue spending hundreds of billions of dollars on the Paycheck Protection Program, which provides forgivable loans for smaller companies.
28% : Meanwhile, Trump's choice to oversee a significant chunk of the $2 trillion economic rescue law passed already is pledging to conduct audits and investigations ''with fairness and impartiality.''
21% : Congress has already allocated $660 billion for the program and to help companies stay in business and keep paying workers, but it has quickly lost favor among lawmakers amid revelations that larger companies are benefiting from funds meant to help mom-and-pop shops.
17% : "We've done the spending, it didn't work, and now we need to try something else.
7% : In written testimony, Miller pledged to be vigilant in protecting the integrity and independence of his office and vowed ''to seek the truth in all matters that come before me and to use my authority and resources to uncover fraud, waste and abuse.''

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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