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Just days after the largest stimulus package in history was signed, talks have begun on what could be “phase four” of the coronavirus stimulus plan. A few of the ideas being discussed include major infrastructure spending and a rollback on the cap for SALT deductions. 

 

President Trump signed phase one of the virus rescue plan in early March. It authorized $8.3 billion for the initial response including money for state and local governments, virus research, testing, and vaccine development. Phase two was signed on March 18th for $100 billion that expands unemployment benefits and provides tax credits to employers for paid sick  leave. Phase 3 is the big one so far. The $2.1 trillion dollar package went into effect on March 27th and includes major relief for consumers in the form of direct bank deposits or checks, tax deferrals, state aid, loans to small and large businesses, and some grants for several impacted businesses like airlines.