Trump Extends Unemployment Benefits, Defers Payroll Tax


Saturday, August 8th 2020, 4:02 pm

By: Associated Press


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Bypassing Congress, President Donald Trump on Saturday signed executive orders deferring payroll taxes for some Americans and extending unemployment benefits after negotiations on a new coronavirus rescue package collapsed.

Trump accused Democrats of loading up their rescue bill with priorities unrelated to the coronavirus. “We’ve had it,” he said at a news conference at his country club in Bedminister, New Jersey.

Trump said the payroll tax cut would apply to those earning less than $100,000 a year. He said that if he is reelected in November, he would look at the possibility of making the payroll tax permanent.

Extra aid for the unemployed will total $400 a week, a cut from the $600 that just expired.

Trump also signed executive orders holding off student loan payments and extending the freeze on evictions.

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