March 24 update: While there have been multiple proposed bills nothing has been passed...yet. The cruise industry and other sub-Travel industries are expected to be bailed out. Also, Loans will be available to small businesses to weather the storm.
March 18 update: The Trump administration is preparing a relief package that might contain $300B for small businesses, in addition to $850B for American citizens with jobs.
March 11 update: The proposed economic relief from President Trump does not include direct support to the travel industry...yet.
However, one of the proposed measures that will potentially affect you is the total elimination of payroll tax through the end of the year. Again, this is only a proposal at this time.
Many countries are providing economic relief packages to industries affected by Covid-19 and related containment efforts.
Italy is providing tax credits for any business that has seen revenue decline for more than a quarter.
As of early March, President Trump announced that they were presenting an economic relief package that among many things, would include economic support to the travel industry.
Initial speculation was that this would apply only to airlines and hotels.
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