President Trump Signs Executive Orders After Stimulus Talks Break Down

BEDMINSTER, NJ – President Donald Trump signed four executive orders Saturday, one of which will provide $400 in enhanced unemployment benefits, after Democrats and the White House were unable to reach an agreement on a coronavirus stimulus relief bill this week.

The other three orders he signed include a payroll tax holiday for Americans earning less than $100,000 a year, as well as extending an eviction moratorium and deferring student loan payments.








“I’m taking action to provide an additional or extra $400 a week and expanded benefits, $400. That’s generous but we want to take care of our people,” Trump said at his golf club in Bedminster, New Jersey.

Trump said the federal government will pay 75% of that, but he did not outline where the federal funds would be coming from.









When asked by a reporter why $400 instead of the previous $600, Trump responded, “This is the money they need, this is the money they want, this gives them a great incentive to go back to work.”

He went on to say, “there was a difficulty with the 600 number because it really was a disincentive.”















Democrats are likely to challenge the executive actions in court. Trump first laid out the executive orders at a hastily called news conference on Friday at his New Jersey golf club, where he said he wasn’t concerned about the legality of the actions he promised.

Trump also said Saturday his administration was looking at additional income tax and capital gains tax cuts for American taxpayers, besides the payroll tax holiday being instituted by executive order.

“We are going to be looking at capital gains for the purpose of creating jobs and income taxes is self explanatory, and it will be income tax for middle income and lower income people but middle income people who pay a lot of income tax, you have tax inequality. I’m saying that as a Republican, and you do have tax inequality,” Trump said.

He did not provide further details.

 

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