White House economic advisor Larry Kudlow said Monday during a CNBC interview that he thinks the U.S. won't be hit with a second wave of coronavirus cases — despite reports the Trump administration is planning for just that.
No Second Wave? Some U.S. states are seeing "hot spots" of rising coronavirus cases, but the country is "on it," Kudlow said. Nationwide, the positivity rate is "well under" 10%, and there is no shortage of diagnostics, testing procedures and personnel protection equipment, he said.
"We know how to deal with this stuff now, we've come a long way from last winter."
New Stimulus Bill: It remains "highly likely" the House, Senate and White House will work together next month to coordinate some form of economic relief, Kudlow said. But no final decision on what the bill would look like has been made.
President Donald Trump already talked publicly about what he would like to see in a bill, including a payroll tax holiday and some form of capital gains tax relief.
"He wants to help out with some form of tax relief. Restaurants, entertainment, athletic contests, things of that sort," Kudlow said. "We want to help out the tourism business, which has been hurt very badly. We also want to reward people who are re-employing, who are going back to work."
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