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Trump signs executive orders on coronavirus economic relief
NBC 'News' via MSN ^ | 8/08/20 | Ginger Gibson, Lauren Egan, Josh Lederman, Kelly O'Donnell

Posted on 08/08/2020 2:22:28 PM PDT by Libloather

WASHINGTON - President Donald Trump signed executive orders Saturday for coronavirus economic relief, upending negotiations with Congress after lawmakers failed to reach a deal on Friday.

The executive orders establish a payroll tax holiday through the end of the year for Americans earning less than $100,000 a year.

They also defer student loan payments through the end of the year; continue eviction moratoriums; and extend enhanced unemployment benefits that expired last week, but at a reduced level of $400 instead of the prior $600.

"If I'm victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax," Trump said. "Joe Biden and the Democrats may not want that, they don't want that."

The orders, which Trump announced in a press conference at his golf club in Bedminster, New Jersey, come after talks with Democrats over another round of assistance hit an impasse Friday.

Democrats promised last week to file a legal challenge if Trump acted through executive order to circumvent Congress, which has the constitutional authority to determine federal spending.

Trump brushed off those challenges Saturday, telling reporters "I guess, maybe they'll bring legal actions, maybe they won't. But they won't win."

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Health/Medicine; Local News; Outdoors
KEYWORDS: cash; chinavirus; debt; deficit; medicare; ssi; taxes; trump; trumpeo; unemployed
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To: Starcitizen

I was actually fine with the $600 dollars out the gate. It was good, out-of-work people could use it to save up for a bout of COVID, among other things.

But then the Marxist Dumpster Fire happened. Paring the stipend down means out-of-work lefties will be more likely to spend the whole damned thing on food, plus it will help stave off economic collapse. You know, the thing that ensures that even those of us who “got ours” will be likely to starve or pass away from some now-preventable disease.


81 posted on 08/08/2020 5:46:12 PM PDT by Tolerance Sucks Rocks (The Constitution guarantees the States protection against insurrection. Act now, Mr. President!)
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To: Paladin2
I tried that for a few daze in the early 70’s bad economic times. I thought it sucked. Redoubled my efforts to get a more permanent yob.

She likes it because it offers flexibility as to when and where. She was actually offered a better position with a raise and closer to home for the Fall but then the school system decided that they would go virtual.

I'd love to know if they are still paying the services staff at all of these schools.

82 posted on 08/08/2020 5:54:15 PM PDT by VeniVidiVici (Hiden Biden is Outta Time)
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To: jy8z
I can answer your question. I too am retired. I worked hard my whole life and through that I was able to acquire rental units to supplement my retirement income. My tenants who are receiving the extra UI income have stopped paying rent. They are receiving more by not working AND they will not pay rent. That’s how some of us are affected. Do you think that’s fair? I receive nothing?

No, it is not fair, and yet the mantra of the Left is "there's no justice." Moreover, the gov. simply does not have the money to spend, which leads to a future crisis.

83 posted on 08/08/2020 6:11:08 PM PDT by daniel1212 (Trust the risen Lord Jesus to save you as a damned and destitute sinner + be baptized + follow Him)
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To: Starcitizen

Actually, two other reasons Trump was wise to pare back the stipend.

1. As needed as the stipend is, there are businesses that are open that are having difficulty bringing their workers back because the stipend + state unemployment provide a better income than the jobs do. At least that’s how it seems, and it’s been reported on FOX. The decreased stipend, plus increased take home pay from the payroll tax moratorium, will alter that equation somewhat.

2. As needed as the stipend is, it is still a sort of indirect subsidy for state lockdowns. As long as that stipend exists, some governors will feel more comfortable keeping their economies locked down or slow-walking the re-opening, rather than re-opening as much as possible, as quickly as possible, to provide people alternatives, albeit health-riskier ones, to venturing into riot-torn cities for their needs and desires.


84 posted on 08/08/2020 6:23:36 PM PDT by Tolerance Sucks Rocks (The Constitution guarantees the States protection against insurrection. Act now, Mr. President!)
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To: Brian Griffin

I think you’re on the wrong site...perhaps you might be more at home here...
https://democraticunderground.com/


85 posted on 08/09/2020 3:26:12 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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To: Libloather

Nobody ever reports that Republicans were wanting to extend the $600 a week while negotiations continue. It was the Democrats who refused to extend unemployment benefits.


86 posted on 08/09/2020 6:08:52 AM PDT by VeniVidiVici (Hiden Biden is Outta Time)
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