Kudlow Says White House May Back Stimulus Package Bigger Than Democrats’ Proposal

Topline

As President Trump conveys conflicting messages about his support for a stimulus package, White House advisor Larry Kudlow did not do much to offer clarity on the topic during an interview Sunday, claiming the administration “may” be open to a stimulus bill with a bigger price tag than the legislation the Democrats proposed, even though congressional Republicans are highly unlikely to back such a proposal.

Key Facts

“He may,” Kudlow said when asked by CNN’s Jake Tapper whether the White House is “now going to try to offer a bigger deal than a $2.2 trillion proposal” offered by House Speaker Nancy Pelosi (D-Calif.) 

Hours after ending talks over a next stimulus package, accusing Democrats of “not negotiating in good faith,” Trump changed course and told House Minority Leader Kevin McCarthy (R-Calif.) he wants a “big deal,” Axios reports.  

The president then went on Rush Limbaugh’s radio show Friday and said he wants a “bigger stimulus package, frankly, than either the Democrats or Republicans are offering” even though Treasury Secretary Steve Mnuchin—who has been tasked with leading stimulus negotiations for the White House—had proposed a bill with a reported price tag of $1.8 trillion just hours earlier, an offer Pelosi swiftly rejected.

Even if Trump does settle on a price tag, Republicans are unlikely to back any bill north of $2 trillion and Senate Majority Leader Mitch McConnell (R-Ky.) said Friday a stimulus bill is “unlikely” before Election Day. 

Crucial Quote

Kudlow said Senate Republicans will “go along with” the $1.8 trillion White House stimulus proposal, though it doesn’t appear likely Republicans will rush to get on board.

Big Number

$2.2 trillion. That’s the price tag of the stimulus bill House Democrats passed earlier this month.

Further Reading

Pelosi Says No Standalone Stimulus Bills—Including Airline Aid—Without Comprehensive Deal (Forbes)

Pelosi Slams Trump Over Stimulus Talks Withdrawal, Standalone $1,200 Check Push (Forbes)

Trump Urges Congress To Pass $1,200 Stimulus Checks, Paycheck Protection Funds After Ending Talks (Forbes)

Trump Torpedoes Stimulus Negotiations And These Six Benefits Are Off The Table (Forbes)

Stocks Dive After President Trump Shatters Stimulus Hope (Forbes)

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