Trump Orders Extended Jobless Benefits & Payroll Tax Deferral

Trump also ordered continued eviction protection and student-loan relief


President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the U.S. economy.

Trump also ordered continued eviction protection and student-loan relief.

The moves could jeopardize negotiations with congressional Democrats over an additional coronavirus relief package, with the two sides trillions of dollars apart on key issues, including aid to state governments and the amount of supplementary unemployment benefits. The president, though, said he’d continue to negotiate with Democrats — who said Saturday’s measures “provide little real help to families.”

Trump’s “meager” policy announcements were “unworkable, weak and narrow,” and by pushing off payroll taxes for some, “endanger seniors’ Social Security and Medicare,” House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer said in a joint statement.

“What Democrats primarily want is bailout money — has nothing to do with” the coronavirus, Trump said during a news conference at his golf club in Bedminster, New Jersey. “We’re not willing to do that.”

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Source: Accounting Today

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