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 ...
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.
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.
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.
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.
I think you’re on the wrong site...perhaps you might be more at home here...
https://democraticunderground.com/
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.