President Trump kept his word by signing a series of executive orders to help Americans who have been economically devastated by the coronavirus pandemic.
On Saturday, the president held a news conference at his world-class golf resort in Bedminister New Jersey where he used his mighty pen to strike a blow against Nancy Pelosi and her fellow hostage-takers.
Democrats have obstructed the relief package unless it includes countless unrelated items including bailouts for blue states that have been mismanaged to the brink of ruin by incompetent liberal governors.
The orders come the day following the collapse of negotiations when the spiteful Pelosi picked up her ball and went home when her obscene demands weren’t met.
Included in the list of orders were a payroll tax holiday, a ban on evictions, student loan relief, and $400 a week unemployment benefits.
President Trump on Saturday signed orders to extend unemployment benefits, suspend payroll taxes, and offer federal eviction and student loan relief, taking unilateral action that is on shaky legal ground amid stalled negotiations about a fifth round of coronavirus relief in Congress.
One memo extends the enhanced unemployment benefits that expired roughly two weeks ago and have been critical to millions of Americans out of work due to the pandemic. The benefits will be lowered from $600 to $400 per week, with states required to cover 25 percent of the cost, Trump said.
Another of the orders directs the Treasury Department to allow employers to defer payment of employee-side Social Security payroll taxes through the end of 2020 for Americans earning less than about $100,000 annually. The text of the executive order states that the intended deferral period would start Sept. 1, but Trump suggested that it could be retroactive to Aug. 1. Trump also said that he hoped to forgive the deferred payroll taxes and make permanent payroll tax cuts if he is reelected in November.
“If I win, I may extend and terminate,” Trump said. “In other words, I’ll extend it beyond the end of the year and terminate the tax.”
Two additional orders defer student loan payments through the end of the year and aim to minimize evictions from federal housing, though the latter does not explicitly halt evictions.
“Through these four actions my administration will provide vital relief to Americans struggling during this difficult time,” Trump said, reading from prepared remarks.
Democrats in DC are holding middle-class economic relief hostage so they can force massive taxpayer bailouts on Blue states. To avoid the loggerhead battle, President Trump is using his emergency authority via executive orders.
1) The first executive order signed is a payroll tax holiday for Americans making less than $100,000 [Details Here] President Trump stated: “If I’m victorious, November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax and to make them more permanent.”
2) The second executive order is directed to “the Department of Housing and Urban Development, HHS and CDC, to make sure renters and homeowners can stay in their homes.“ [Details Here]
3) “The third executive action I’m taking today will also provide additional support for Americans who are unemployed, due to the China virus. Under the CARES act I proudly signed I expanded unemployment benefits into law.” Benefits will be $400/week. [Details Here]
4) The fourth XO is a “directive providing relief to student loan borrowers.” The policy will be extended through the end of the year. [Details Here]
President Trump continues to fight for ordinary Americans while Pelosi and her fellow radicals want to burn it all down and dance on the ashes.