Site icon The Punching Bag Post

Congress Hopelessly Gridlocked – Trump Steps In, Orders COVID Assistance

<p class&equals;"p1"><span class&equals;"s1">President Trump on Saturday issued a series of executive orders to defer payroll taxes and federal student loan payments&comma; halt evictions&comma; and replace an expired unemployment benefit with a lower amount after lawmakers failed to reach an agreement on another stimulus package before entering a monthlong recess&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">The controversial move comes days after Trump told reporters he would suspend payroll taxes himself after lawmakers refused to incorporate the idea into the next stimulus package&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">As it stands&comma; payroll taxes will be deferred starting August 1st through the end of 2020 and will need to be repaid in the future&period; Trump has already hinted that he may forgive the debt if he is re-elected in November&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">Some experts say the tax holiday will produce an immediate 7&period;5&percnt; pay increase for working Americans&comma; while others say the Treasury cannot legally ask employers to pass the savings along to employees&period; Either way&comma; employers are unlikely to participate unless they are certain the tax will be forgiven&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">The executive order on unemployment provides a &dollar;400-per-week benefit that is a compromise between the &dollar;600 proposed by Democrats and the &dollar;200 proposed by Republicans&period; <&sol;span><span class&equals;"s1">Trump has asked states to cover 25&percnt; of the new benefit and is hoping to use &dollar;44 billion in disaster aid funds to help states&period; The previous unemployment benefits&comma; which expired August 1st&comma; were fully funded by the federal government&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">The package also calls on the Treasury and HUD departments to find money to help those struggling to pay rent&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">&OpenCurlyDoubleQuote;My Administration has been working around the clock in good faith to reach an agreement with Democrats on additional China virus relief&period; Already&comma; my Administration has enacted over three trillion dollars in historic relief&comma; saving many tens of millions of dollars in jobs&comma; and you see how fast the economy is coming back&comma;&&num;8221&semi; said Trump&period; <&sol;span><span class&equals;"s1">&OpenCurlyDoubleQuote;We have tremendous enthusiasm&comma; tremendous spirt&comma; and tremendous job growth&comma;&&num;8221&semi; he continued&period; &&num;8220&semi;We set a record on number of jobs in the last three months&period; It’s the most jobs ever created in a three-month period&period;&&num;8221&semi;<&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">Critics say Trump lacks the authority to suspend payroll taxes without congressional approval and cannot dictate state spending&period;<&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">Senator Ben Sasse &lpar;R-NE&rpar; described Trump’s use of executive orders to accomplish policy goals as &OpenCurlyDoubleQuote;unconstitutional slop&comma;” while presumptive Democratic nominee Joe Biden described &OpenCurlyDoubleQuote;half-baked measures” that put Social Security at risk&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1"><b>Author’s Note&colon; <&sol;b>Trump’s bold decision shows that he is acting where Congress has failed&period; His decision will get money into the pockets of working Americans and help them recover from the pandemic&period; If Democrats or states attempt to sue Trump for subverting Congress&comma; they will be portrayed as trying to block people from getting money&period; <&sol;span><&sol;p>&NewLine;

Exit mobile version