The Trump administration is discussing ways to defer taxes on the airline, cruise and hospitality industries as a way to limit economic damage from the coronavirus outbreak, CNN confirms. Talks are still in a very preliminary stage, according to officials.
CNN has confirmed that the Trump administration is discussing ways to defer taxes on the airline, cruise and hospitality industries as a way to limit economic damage from the outbreak of the virus. Talks are still in a very preliminary stage, according to officials. The discussions regarding federal help for the industry was first reported by the Washington Post."We're worried about certain sectors of the economy, airlines coming to mind, ...
I don't want you to give them any ideas," said Trump. He said the possibility of a bailout had not been discussed. But Alexandre de Juniac, the head of the International Air Transport Association, the global industry's trade group, told CNN Thursday that the airline industry will be asking for relief on some of the fees and payments it is required to make to governments around the globe.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. senator moots ban on TikTok for federal workers, citing Chinese government tiesU.S. Republican Senator Josh Hawley moots ban on TikTok for federal workers, citing Chinese government ties nanditab1
Read more »
U.S. financial regulators start contingency planning as virus reaches WashingtonU.S. financial regulators are preparing contingency arrangements, including trav...
Read more »
Exclusive: U.S. considers discouraging some travelers from cruises - sourcesThe United States is considering ways to discourage U.S. travelers from taking c...
Read more »
How testing failures allowed coronavirus to sweep the U.S.The Trump administration’s decision to forgo a World Health Organization test and create their own had fateful consequences, experts say.
Read more »
After U.S. Congress and Fed's quick coronavirus response, next steps likely tougher for WashingtonThe U.S. Federal Reserve and Congress moved swiftly to confront the growing coro...
Read more »
Coronavirus live updates: US death toll rises to 15; SXSW canceledVice Pres. Mike Pence says 21 people on board the Grand Princess, a cruise ship anchored off San Francisco, have tested positive for coronavirus. 46 people total were tested.
Read more »