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New: Trump keeps pushing new tax deductions to encourage Americans to go back to sports, restaurants, travel & entertainment

Industry lobbyists are privately telling the White House that won’t matter unless more is done to contain the virus

washingtonpost.com/business/2020/…
Last Monday, Larry Kudlow talked up tax breaks for baseball fans

The next day, Minor League Baseball announced the season had been canceled due to corona

Then the NHL announced all playoff games would be played in Canadian cities as it’s safer than US

washingtonpost.com/business/2020/…
S Korea: Quashed virus, had baseball 4 months & bringing fans back soon

New Zealand: Quashed virus, held packed sporting events

Germany, England, Italy etc - restarted soccer w/o fans

“The reason we dont have sports back in the US rn is the virus is out of control in the US"
Trump & White House officials have talked up/endorsed tax breaks for:

-- Restaurants (Operating at way reduced capacity)
-- Sports games (Barred to fans)
-- Entertainment (Theaters are closed)
-- Vacation - $4K credit per person (Unclear if ppl feel safe traveling)
A sense of scale here ...

1 possible version of Trump's proposed tax deduction would cost ~$2 billion/year

Restaurant industry losses by end of 2020: $240 billion

Sports revenue lost: $12 billion

Entertainment industry: $20 billion

washingtonpost.com/business/2020/…
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More from @JStein_WaPo see all

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Jeffrey Stein
@JStein_WaPo
In 1860, a youth abolitionist network called “the Wide Awakes” sprung up in cities across the north. They would show up uninvited at politicians’ homes in the middle of the night — w/ brass bands, lit torches & serenades — to demand support for their antislavery cause
“They deliberately targeted young people, calling massive crowds of youths to ‘wake up” ... their iconography of an open eye, talk of throwing off past stupor,” a movement led by 23 year olds
Here’s a Wide Awakes story

On New Years Eve 1861 in Missouri, slaveholders were holding their routine auction of a human being

The Wide Awakes intervened. They decided to jointly bid higher than anyone else.

Eventually the auctioneer gave up the sale
Read 5 tweets
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Jeffrey Stein
@JStein_WaPo
BREAKING: U.S. officials crafting plans to punish or demand compensation from China over virus, as Trump fumes in private over pandemic

Officials discussing stripping China of sovereign immunity (so ppl can sue), or voiding US debt obligations to China

washingtonpost.com/business/2020/…
Advisers are encouraging Trump to see political upside at hammering China

Poll shown to Trump finds 51% in swing states blame Chima most for outbreak

Come as Joe Biden tries hammering Trump as weak on China

W/ great @CarolLeonnig @jdawsey1

washingtonpost.com/business/2020/…
Senior U.S. officials across multiple government agencies are expected to meet on Thursday to begin mapping out a strategy for seeking retaliatory measures against China.

Officials in American intelligence agencies are also involved in the effort.
washingtonpost.com/business/2020/…
Read 4 tweets
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Jeffrey Stein
@JStein_WaPo
Trump says he supports “hazard pay” for frontline workers risking their lives to fight coronavirus. So do Democrats

So how has it not passed Congress in any of 4 bills?

@senatemajldr McConnell office declined to respond to any of the following questions:
Trump backed hazard pay on March 30

“If anybody’s entitled to it, they are,” he said. “These are really brave people. Actually, they are warriors, in a sense.”

Below are the questions I sent @WhiteHouse — and their response
Ds havent made hazard pay red line demand in prior deals

Most Rs say it hasn’t been discussed much. GOP aide said: “Politically, it’s hard to oppose, but there will be concerns: ‘How big is it? What is the universe of workers?’

Could be weeks b4 passage
washingtonpost.com/business/2020/…
Read 4 tweets

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