7:41. Stock futures are rising after the Trump administration floated the idea of a payroll tax cut and other help for workers.

At a press conference Monday, Trump said that he would seek a “payroll tax cut or relief, substantial relief, very substantial relief” for workers. That helped futures on the major market indexes reverse what had been losses after Italy went on lockdown. There’s even chatter that Treasury Secretary Steven Mnuchin “will put forth a strong package to the President tomorrow including buying fixed income…

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Author: Ben Levisohn

Source: Barrons: Dow Futures Are Climbing After Trump Proposes Tax Cuts to Support the Coronavirus Stricken Economy

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