White House and Congress Discuss over a Next Stimulus Aid amid Covid-19 Contagion

The White House and congressional Democrats are preparing for a fourth stimulus aid package after the U.S. economy was threatened by a widespread coronavirus outbreak, even they are still discussing about a $2 trillion measure.

The new stimulus bill will provide more subsidy to states and local as well as financial assistance for mortgage markets and tourism sector.

Nancy Pelosi, a House Speaker, told a reporter on Monday that states and local governments need more federal assistance, and the federal should distribute a direct payment to all Americans. 

Another possible plan was removing the limit on state and local tax deductions, which was part of 2017 tax improvement. 

While the U.S. President Donald Trump said on Monday that he was considering of granting a support to health care professionals in a subsequent  bill and one day earlier, he has ordered the Treasury and Labor secretaries to work on restoring a tax break for corporate restaurant spending that has been canceled since his 2017 tax reform.