August 8, 2020
By: Staff Report
BEDMINSTER, N.J.- Saturday, President Trump signed executive orders to extend unemployment benefits, suspend payroll taxes, offer federal eviction aid, and student loan relief.
The Payroll Tax Executive order, allows employers to defer payment of employee-side payroll taxes through the end of 2020 for workers earning less than $100,000 annually. This order is set to retroactive to Aug. 1, Trump said, adding that “I hoped to forgive the deferred payroll taxes and make permanent payroll tax cuts if re-elected in November.”
“If I win, I may extend and terminate,” Trump said. “In other words, I’ll extend it beyond the end of the year and terminate the tax.”
Two additional orders put a freeze on evictions in federal housing and pause student loan payments through the end of 2020.
Trump announced a $400-per-week supplemental unemployment payment to unemployed Americans which is short of the previous $600 weekly benefit that expired in the end of July.
“Through these four actions my administration will provide vital relief to Americans struggling during this difficult time,” Trump said, reading from prepared remarks.
These executive orders may be met with legal action in court, as Democrats and Republicans failed to strike a deal for American relief. Both sides, support some of these orders and disagree with some.
“I mean, everything you do, you get sued,” Trump said. “So we’ll see. Yeah, probably we get sued, but people feel that we can do it.”
Reporters asked when Americans can expect to see this relief, Trump responded, ‘Disbursed rapidly’.
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