Trump also said he would use an executive order to defer the payroll tax through the end of the year, and possibly longer, with that deferment being retroactive to July 1.
The Trump administration began preparations for these actions by asking federal agencies to identify unspent funds left over from CARES Act allocations in March, theWednesday; White House economic advisor Larry Kudlow on Friday confirmed that the administration was considering repurposing those funds for new relief measures, theWhen asked by a reporter about the timing of the executive orders, Trump replied that they could be signed by the end of the week, and that “they’re being drawn by the...
relief measure, since it won’t help the unemployed or retired and would benefit high earners more than low earners. It would also divert funds from Social Security. Trump took to Twitter on Friday afternoon to criticize Democrats for insisting on more federal aid to states and local governments and, by extension, a more expensive relief package. “No interest,” he said.
During Friday’s press conference, Trump again took aim at Democrats for pushing for relief provisions that he says have “nothing to do” with the coronavirus pandemic. . That’s how many jobs the U.S. economy added in July. It’s a more modest figure than the 4.8 million jobs that came back in June, but it’s a sign that the economy was still able to improve despite an alarming uptick in Covid-19 cases over the course of the month. That said, unemployment is still hovering at record levels.
Please please please extend the CARES ACT until the end of the year. For those of us in industries hit the hardest-fitness- it will take us months to build our clients back up. People are terrified of gyms. Im begging you!! realDonaldTrump
Struggling folks don’t care about who did what. Just get the help out here for families to feed their families
You do know that ALL Americans HAVE coverage of pre-existing conditions (ACA) so no executive order is needed, don't you? tRUmpy wants to look like he's doing something when he's NOT. Forbes you need to stop pushing tRUmp's LIES. Report the FACTS please.
Diverting funds in violation of the law should be a criminal and impeachable act.
I give an executive order disbanding congress and the senate. I issue an executive order claiming me dictator. All hail Trump
Much rather see that then see the democrats get a 'trillion' dollars for non related covid spending garbage. Democrats asked for a ridiculous '4 trillion' thinking they will negotiate it down and still get a blank check. Trump saw right through that nonsense and I'm glad he did.
Has actually ever helped create and have a bill passed or is everything EOs
He doesn't have a clue.