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Billionaire bond king Jeff Gundlach slammed the Democrats' proposed new $3 trillion coronavirus relief bill - and said it would take total state aid to 'over 150% of Federal taxes'

1 month ago   |   By

Reuters / Jessica Rinaldi
The billionaire "bond king" Jeffrey Gundlach on Wednesday slammed the proposed multi-trillion coronavirus relief bill initiated by the Democratic party, and suggested that two-thirds of US stimulus funds are "leaking out."
Gundlach said if the bill passed, the combined bailout towards the pandemic over three months up to May would amount to "over 150% of Federal taxes collected" in 2019.
The House Democrats' new $3 trillion spending proposal puts forth a number of lifelines for workers struggling during the coronavirus pandemic, including additional stimulus...
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