AP Photo/Seth Wenig

• Congressional leaders are looking into emergency measures to blunt the economic pain of the coronavirus.
• Current proposals range from tax deferments to the expansion of paid sick leave.
• The proposals have become the latest sign of growing concern in Washington as the respiratory illness COVID-19 spreads.
• Visit Business Insider’s homepage for more stories.

Congressional leaders are looking into emergency measures to blunt the economic pain of the coronavirus, with proposals ranging from tax deferments to the expansion of paid sick leave. 

Michael Zona, a spokesperson for the Senate Finance Committee, said Monday afternoon that its Republican chairman “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 as we learn more about the effects on specific industries and the overall economy,” Zona said in an email to Business Insider.

The announcement was the latest sign of growing economic concern in Washington as the respiratory illness COVID-19 spreads. Economists have dimmed growth forecasts for the largest economy in recent days, prompting emergency action from …continued .
[Source: Business Insider]