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.
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.
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.