Today Market

Mention of a payroll tax cut and Dow futures go from down 400 to up 300.

I think it’d be an administrative nightmare to do quickly, but helping people with lost wages due to quarantine or business closure would be good. I’m just not sure how you quickly implement, verify, and distribute the money. Fastest way would probably be to block grant money to states and use the existing unemployment insurance infrastructure. Pay the money now and verify eligibility later as work load allows. Those people need money more than a payroll tax cut for people that are still working.