President Trumps sparks controversy over “executive orders” which promise economic relief

President Trumps sparks controversy over “executive orders” which promise economic relief

President Trumps sparks controversy over “executive orders” which promise economic relief
Reading Time: < 1 minute(Last Updated On: August 11, 2020)

On August 8, President Trump signed four documents (one executive order and three memorandums) which attempt to provide further economic relief for Americans still struggling to make ends meet during the Coronavirus crisis.

The actions are as follows:

  1. A delay on payroll tax collection for workers earning less than $4,000 bi-weekly.
  2. Unemployment aid is extended, though at $400 instead of $600 as it was until that legislation expired.
  3. Treasury Secretary Mnuchin and Housing and Urban Development Secretary Ben Carson are tasked to assess whether there are emergency aid funds available for Americans who rent their homes.
  4. Student loan payments are deferred until December 31, and interest is also waived.
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