President Donald Trump signed 4 executive measures Aug. 8 to extend federal pandemic relief as negotiations over an economic recovery package stall in Congress..
The memorandum would offer $400 weekly to unemployed workers. The federal government is paying $300 and states would have to pay the other $100.
Below are five things to understand about the executive actions, which include one executive order and three memorandums..
The president instructed the U.S. Treasury to stop collection of payroll taxes from Sept. 1 through Dec. 31 for workers who earn less than $4,000 every two weeks. The payroll taxes, which assist fund Medicare and Social Security, will be due at a later date.
3. Expulsions. The executive order requires HHS Secretary Alex Azar and CDC Director Robert Redfield, MD, to “think about whether any procedures briefly halting property evictions of any tenants for failure to pay lease are reasonably necessary to avoid the further spread of COVID-19.” It likewise calls for Treasury Secretary Steven Mnuchin and Housing and Urban Development Secretary Ben Carson, MD, to recognize readily available federal funds to supply short-lived financial support to homeowners and occupants who are struggling to satisfy their month-to-month leasing and home loan obligations due to the COVID-19 pandemic. Check out the executive order here..
4. Trainee loan payments. The presidents memorandum allows people to postpone student loan payments up until completion of the year and waives interest on loans held by the federal government through Dec. 31. Read the memorandum here..
5. Legal obstacle. The president is likely to face legal difficulties over the executive measures due to the fact that any modifications to federal costs or taxes are expected to come from Congress, according to The Washington Post..
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The president advised the U.S. Treasury to halt collection of payroll taxes from Sept. 1 through Dec. 31 for employees who make less than $4,000 every two weeks. The memorandum would supply $400 weekly to out of work employees. The federal government is paying $300 and states would have to pay the other $100. It also calls for Treasury Secretary Steven Mnuchin and Housing and Urban Development Secretary Ben Carson, MD, to determine available federal funds to offer temporary financial support to house owners and occupants who are having a hard time to meet their regular monthly leasing and home loan commitments due to the COVID-19 pandemic. The presidents memorandum allows individuals to postpone student loan payments till the end of the year and waives interest on loans held by the federal government through Dec. 31.
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