Democrats and Republicans failed to agree on a second stimulus package and Congress was unable to deliver the second stimulus aid on time.
Trump wants to tackle the issue of stimulus by taking matters into his own hands via executive orders. In his speech today, he made it clear that if policymakers do not resolve the issue of the second stimulus package, he will. He said: “If Democrats continue to hold this critical relief, I will act under my authority as President to give Americans the relief they need.”
It’s critical to mention that Trump has already said he could issue executive orders today to deal with the second stimulus package. From a legal point of view, it is still not clear whether he can do it.
But now it looks like he’s still relying on his administration. Trump has some hope from the policymakers involved in this negotiating process.
Trump said, “My administration continues to work in good faith to reach a deal with Congressional Democrats that will expand unemployment benefits and provide protections against evictions.”
Trump continued to blame Democrats for failing to strike a deal on the second stimulus package. He said: “Nancy Pelosi and Chuck Schumer keep pushing for radical left policies that have nothing to do with the Chinese virus. So you have a virus coming in, and you have people in Congress who don’t. don’t want to. help our people. “
Trump continued to blame Democrats for failing to strike a deal on the second stimulus package. He said: “Nancy Pelosi and Chuck Schumer continue to insist on radical left policies that have nothing to do with the Chinese virus. So you have a virus coming in, and you have people in Congress who don’t. don’t want to. help our people. “
He again blamed China for the coronavirus crisis in the United States. He said: “We got infected with this disease from China”.
Here are some details Trump provided on his potential executive orders to deal with payroll taxes, unemployment benefits, the moratorium on evictions, and student loan issues.
Deferral of social charges
Trump has made important announcements that could take place as part of his presidential executive order. He said, “We’re going to make the payroll tax go to the end of the year, and it’ll be retroactive to July 1. So we’ll go back to July 1, and it’ll go to the end. payroll tax. At the end of the year, it can be extended. “
Unemployment benefits will be extended until the end of 2020
If Trump executes the executive order, he plans to extend unemployment benefits until the end of 2020. He said, “We will increase unemployment benefits until the end of the year.”
Student loans will be deferred, interest rates will be waived
If executed, Trump will postpone the payment of the student loan under the Presidential Executive Order and cancel the interest payments until further notice. It is certainly a big problem for the students.
Extend the moratorium on evictions
Trump also spoke about the moratorium on evictions. For him, it is unfair, “people are evicted, not their fault”. He said he would extend the moratorium on evictions.