Daily Tax Report ®

HILL TAX BRIEFING: Next Virus Aid Package Remains Far Off

June 5, 2020, 9:58 AM

The House is shifting its focus to police reform as protests continue across the nation and the Senate next week is set to tackle a public lands bill, but discussion continues about the shape of the next coronavirus relief package.

President Donald Trump’s administration expects to spend as much as $1 trillion in the next package to revive the economy. More than 40 million people have lost their jobs since the pandemic began, adding pressure to negotiations.

Still, full-on negotiations remain far off, and Republicans have largely wanted to take their cues from reopening states. Action isn’t likely until...

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