Trump Administration Looking At Tax Cuts For Next COVID-19 Aid Package

The transcript discusses the ongoing negotiations for a new aid package, focusing on liability protections from COVID-19 related lawsuits and a payroll tax cut proposed by President Trump. The President also aims to expand corporate spending deductions and reduce capital gains tax. Senate Majority Leader Mitch McConnell supports business liability protections, while some Republicans, like Chuck Grassley, express concerns about the impact of a payroll tax cut on Social Security funds. Grassley is open to considering the tax cut if it gains significant support.

What measures are being discussed to allow companies to deduct costs?

How has Senate Majority Leader Mitch McConnell responded to the business liability protections?