One Presidential Executive Order Extends $ 400 Federal Unemployment Insurance Benefit
President Donald Trump has signed decrees providing economic assistance to Americans affected by the coronavirus pandemic after the White House failed to reach an agreement with Democrats in Congress. Trump said this on Saturday at a press conference held at the president’s golf club in New Jersey..
At the beginning of the press conference, Trump said that Nancy Pelosi, Speaker of the House of Representatives, and Chuck Schumer, leader of the Senate Democrats, chose to hold the economic aid bill as their “hostage.” The Democrats’ priorities when discussing the bill, according to the president, indicate their desire to “steal the election”.
Trump signed a string of executive orders today. One is to introduce an income tax vacation for all Americans earning less than $ 100,000 a year. Another decree is aimed at preventing the eviction of Americans who have lost their jobs from their rental housing..
The third decree aims to support all US residents who have lost their jobs due to the COVID-19 pandemic – for them, the payment of federal unemployment benefits will be extended, the amount of which will be reduced from $ 600 to $ 400 per week. States will have to cover 25% of the cost of such benefits.
The exemption from the payment of student loans will be extended until the end of the year, and possibly longer. The President also said that he is considering lowering income taxes and capital gains taxes, which should help US companies.
On Saturday afternoon, a White House source confirmed that Trump would sign the decrees on Saturday: “Amid congressional inaction, the US President will take action to help Americans in need.”.
Negotiations between the White House and Democrats in Congress, which lasted almost two weeks, ended on Friday without results. The parties could not agree on the fate of the $ 2 trillion, which were additionally requested by the Democrats..
The $ 600 a week federal unemployment benefit that has bailed out the tens of millions of Americans who have lost their jobs as a result of the pandemic ended in late July. Democrats wanted to keep the benefits paid, but Republicans planned to cut the benefits, arguing that receiving such money could deprive many Americans of the motivation to return to work..
Trump said Friday night that he will sign decrees extending federal unemployment benefits, suspending income tax, freezing student loan payments and banning the eviction of people from rented housing..
Democrats have already warned that such decrees are legally dubious and likely to be challenged in court..
While Trump has repeatedly pushed the idea of signing relief orders, Senate Democratic leader Chuck Schumer said Friday that the White House team has acknowledged its limitations..
“Another option for them is to sign decrees, which, by their own admission, as they have repeatedly told us, are not nearly as good,” Schumer said. “They do not apply to school openings. They do not apply to testing. They do not apply to rental assistance. They do not apply to elections. They do not cover many issues. “.
President Donald Trump signs executive orders to extend pandemic relief
The U.S. Constitution gives Congress authority over federal spending, so Trump has no legal authority to issue executive orders on how money should be spent on helping Americans affected by the pandemic..
However, litigation could take months, and Trump has previously been able to bypass Congress on spending by declaring a state of emergency on the US-Mexico border and being able to withdraw billions of dollars from the defense budget to build a wall on the southern border..
Democrats in the House of Representatives passed legislation to stop the president, but their proposal did not get enough votes in the Senate to overcome the president’s veto. A similar scenario is likely to be realized in this case, given that there are less than 90 days left before the presidential elections..