Larry Kudlow: We Are Suspending Interest Payments on Student Loans

EXCERPT:

KUDLOW: “We are also suspending interest payments on the student loans. We are also going to buy roughly 75 million barrels of oil to stop the shenanigans and the destruction of the oil market by Russia and Saudi Arabia. In addition to all that, if I may, and then I will stop, I promise, the President is still very keen, so am I, on the payroll tax holiday out to the end of the year. That is the subject of discussion. We will be up speaking with the Senate leadership about all these matters. But my point here is the payroll tax holiday is a very powerful weapon. It allows businesses and workers to keep more of what they earn. It’s a middle class small business aim, it’s really targeted more there than anything else, and it will provide a lot of cash flow and liquidity. These measures will, I think, help mitigate the economic risks and challenges in front of us. I just wanted folks, and I appreciate the time you are giving me, to know that we have these fiscal measures out there and they are very powerful. The sum total is well over $800 billion from our part."