Trump Signs Executive Orders On Coronavirus Relief, Payroll Tax


    Trump Signs Executive Orders On Coronavirus Relief, Payroll Tax Tyler Durden Sun, 08/09/2020 – 08:55 With the ‘swamp’ fighting over pork as unemployed Americans die on the vine, President Trump on Saturday announced sweeping executive actions aimed at coronavirus relief – after stimulus Congressional stimulus talks broke down once again last week. The new orders will: Eliminate the payroll tax Extend unemployment benefits by $400 per week, down from $600 Defer student loan repayments through the end of the year Extend protections against evictions The administration is also looking at cuts to income taxes for lower and middle-income individuals, as well as cuts capital gains taxes. [youtube] Update (1640ET): As anticipated, President Trump has announced that he will be signing executive orders to eliminate the payroll tax, extend a block on evictions, and continue to provide supplemental unemployment benefits. Earlier: President Trump will be making a major announcement on Saturday which many believe to be linked to rumors of an executive order covering pandemic stimulus funds and other measures. Major News Conference in Ten Minutes! — Donald J. Trump (@realDonaldTrump) August 8, 2020 On Friday evening, Trump said that if a bipartisan agreement isn’t reached on stimulus legislation, he’s prepared to sign executive orders.


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