Slash tax rate in half for corporations returning to US, White House adviser suggests

White House economic adviser Larry Kudlow on Friday floated the idea of cutting the corporate tax rate in half for US companies that bring their operations back from other countries. “Why not provide a 50 percent discount for the corporate tax rate if you’re moving from outside the US to the US?” Kudlow told reporters […]

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White House adviser will not rule out more money for states, small businesses

2/2 © Reuters. FILE PHOTO: Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington 2/2 By Doina Chiacu WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the “tremendous hardships” of the […]

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White House adviser won’t rule out more money for states, small businesses

© Reuters. FILE PHOTO: Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Sunday he would not rule out any element in the next potential coronavirus relief bill, including more money for state and local governments and […]

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Kudlow says White House to focus on future growth incentives

© Reuters. FILE PHOTO: Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Friday the Trump administration would focus on pro-growth measures and removing business barriers, as Congress deliberates the next massive coronavirus relief package. “So, we […]

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Trump threatens new tariffs on China in retaliation for coronavirus

2/2 © Reuters. FILE PHOTO: Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington 2/2 By Jeff Mason, Matt Spetalnick and Humeyra Pamuk WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic […]

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Trump threatens new tariffs on China as U.S. mulls retaliatory action over virus

2/2 © Reuters. FILE PHOTO: Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington 2/2 By Jeff Mason, Matt Spetalnick and Humeyra Pamuk WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic […]

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U.S. mulling potential retaliatory action against China over pandemic: sources

© Reuters. FILE PHOTO: Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington By Matt Spetalnick and Humeyra Pamuk WASHINGTON (Reuters) – There is a growing push within the Trump administration to craft a list of retaliatory measures against China over its role in the coronavirus outbreak, three […]

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White House, Pelosi respond to bleak GDP report amid efforts to lift coronavirus shutdowns

Kudlow: The spirit to go back to work is there National Economic Council Director Larry Kudlow argues the worst of the coronavirus pandemic is over and the U.S. economy is getting ready to reopen. He also discussed the GDP drop and Gilead’s progress in Remdesivir as a treatment. Get all the latest news on coronavirus […]

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Kudlow says senators should be ‘significantly punished’ if they engaged in insider trading

National Economic Council Director Larry Kudlow said Thursday that senators facing scrutiny for moving stock in the run-up to the coronavirus crisis should be “significantly punished” if they are proven to have broken insider trading laws, in comments that departed in tone from President Trump’s assessment. Sens. Dianne Feinstein, D-Calif., Kelly Loeffler, R-Ga., Richard Burr, R-N.C. and […]

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U.S. economy will eventually reopen but with big changes: White House’s Kudlow

© Reuters. FILE PHOTO: U.S. Director of the Economic Council Larry Kudlow speaks during the Wall Street Journal CEO Council WASHINGTON (Reuters) – The Trump administration is aiming to reopen the U.S. economy when the nation’s top health experts give the go-ahead, but Americans’ lives will be drastically different, White House economic adviser Larry Kudlow […]

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U.S. businesses swarm coronavirus bailout fund after days of confusion

2/2 © Reuters. White House adviser Kudlow speaks to reporters about the Trump administration’s response to the coronoavirus outbreak, at the White House in Washington 2/2 By Hilary Russ, Imani Moise and Andrea Shalal (Reuters) – Like many small business owners, New York City restaurateur Dan Kluger spent his Friday scrambling to apply for a […]

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Amid confusion, U.S. small business bailout program off to rocky start

2/2 © Reuters. White House adviser Kudlow speaks to reporters about the Trump administration’s response to the coronoavirus outbreak, at the White House in Washington 2/2 By Lindsay Dunsmuir and Jonnelle Marte (Reuters) – A flood of loan applications from coronavirus-hit businesses inundated lenders on Friday as the U.S. government launched its $349 billion bailout […]

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Here’s how the U.S.’s Main Street bailout program is going so far

2/2 © Reuters. White House adviser Kudlow speaks to reporters about the Trump administration’s response to the coronoavirus outbreak, at the White House in Washington 2/2 By David Lawder and Ann Saphir (Reuters) – The Trump administration’s bailout program for small and mid-sized businesses, which aims to keep companies that employ 60 million Americans afloat […]

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