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White House Wants Stimulus by August Recess With $1 Trillion Cap

  • Payroll tax cut sought, administration wants to curb spending
  • Need to balance income support with work incentives, aide says
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The White House wants Congress to pass another stimulus package by the first week in August, before lawmakers head home for their annual summer recess, and to keep the cost at $1 trillion or less, according to Vice President Mike Pence’s top aide.

“I think we want to make sure that people that are still unemployed or hurting are protected but at the same time, we want to take into consideration the fact the economy is bouncing back and want to try to contain the amount of spending,” Marc Short, Pence’s chief of staff, said Tuesday in an interview with Bloomberg Radio.