The coronavirus economic stimulus package being negotiated by the Senate on Saturday will exceed $2 trillion, according to estimations by the White House National Economic Council Director Larry Kudlow.
"The package is coming in at about 10% of GDP," Kudlow said. "It's very large."
That would mean more than $2 trillion, a reporter reportedly countered to Kudlow.
"That's correct," Kudlow responded, according to The Hill.
Kudlow said small businesses will be getting a payroll tax holiday under the stimulus bill, which is still under negotiations, per the report.
It was not immediately clear whether that figure included a supplemental spending proposal that Democrats support adding to this third-phase plan.
Information from Bloomberg was used in this report.
Eric Mack ✉
Eric Mack has been a writer and editor at Newsmax since 2016. He is a 1998 Syracuse University journalism graduate and a New York Press Association award-winning writer.
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