U.S. Senate Committee Chair Exploring Targeted Tax Relief to Address Coronavirus

The chairman of the Senate Finance Committee is exploring targeted tax relief to address the growing impacts of the coronavirus outbreak on the U.S. economy, a spokesman said on Monday.

Senator Charles Grassley “is exploring the possibility of targeted tax relief measures that could provide a timely and effective response to the coronavirus. Several options within the committee’s jurisdiction are being considered,” spokesman Michael Zona said.

Grassley has been in discussions with the White House, which is also considering tax relief for travel and airline industries. Top Democrats in Congress on Sunday urged the White House to “prioritize the health and safety of American workers and their families over corporate interests.”

(Reporting by David Shepardson; Editing by Dan Grebler)