President Donald Trump speaks during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)
OAN Newsroom
UPDATED 3:05 PM PT — Saturday, August 8, 2020
In a landmark move, President Trump signed four different executive orders related to coronavirus economic relief.
On Saturday, he signed a payroll tax initiative, which will defer payroll tax to those making less than $100,000 a year until the end of 2020.
President @realDonaldTrump‘s first executive order today provides a payroll tax holiday to Americans earning less than $100,000 per year. pic.twitter.com/0VQGowNmx2
— The White House (@WhiteHouse) August 8, 2020
The president has renewed supplemental unemployment benefits at $400 a week. This new amount came in just below the previous $600 extra, which Americans were receiving before the enhance benefits expired earlier this month.
Today’s third executive order provides for the continuation of expanded unemployment benefits. pic.twitter.com/SvMquVZzDM
— The White House (@WhiteHouse) August 8, 2020
President Donald Trump signs an executive order during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)
He also provided assistance to renters by imposing a partial moratorium on evictions and suspended mandatory student loan payments through the end of the year.
President @realDonaldTrump‘s second executive order today protects Americans from eviction. pic.twitter.com/v0v0XEtrwN
— The White House (@WhiteHouse) August 8, 2020
The president has expressed he had to step in because Democrats in Congress have not stepped up to the plate.
“Democrats have refused these offers,” said President Trump. “What they really want is bailout money for states that are run by Democrat governors and mayors, which have been run very badly for many, many years.”
“We have repeatedly stated our willingness to immediately sign legislation providing expanded unemployment benefits, protecting Americans from eviction, and providing additional relief payments to families.
Democrats have refused these offers.” pic.twitter.com/4IRyWgtUhc
— The White House (@WhiteHouse) August 8, 2020
He added that if Democrats got their way, they would crash the stock market.
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