US President Donald Trump has signed a series of executive orders providing extended economic relief to Americans struggling economically during the Covid-19 pandemic following negotiations with Democrats broke down.
Trump announced the orders at a press conference at his Bedminster, New Jersey club on Saturdaythe identical location where he warned such actions could be taken a day before.
A second order will “protect people from flooding,” Trump said.
A third order will extend unemployment benefits, providing Americans out of jobs $400 per week on top of the unemployment benefits they would have been eligible for before the pandemic, which is a reduction from the prior $600 per week advantage Democrats were seeking to extend through the end of the year.
Trump also said that student loan repayments are deferred and any accrued interest could be forgiven indefinitely.
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The statements come after two weeks of tense negotiations between Democrats and White House officials that ultimately went nowhere.
The Democrats’ $3.4 trillion dollar program consisted of major funds for colleges seeking to reopen amid the continuing pandemic and an expansion of the $600 per week federal unemployment benefit which expired in July. Additionally, it called for more financial benefits for individuals threatened with flooding over unpaid bills.
Schumer and Pelosi addressed the possibility of executive orders on Friday and warned that they could be legitimately suspicious, as Congress has jurisdiction over federal spending. Schumer also contended that executive orders would not be “near as good” in terms of financially protecting fighting Americans.
Earlier, he’d accused Democrats of holding the relief support “hostage” and said they“do not want to assist our people.”
Trump’s payroll tax cut is also a legal gray area as most experts agree such a transfer falls under Congressional jurisdiction and taxes never paid could become owed unless Congress stepped in.
Minding the press conference into a semi-campaign address, Trump said if he is re-elected in November he will officially forgive those taxes, but cautioned they might wind up being owed if Joe Biden is elected and won’t tide the accrued fees.
Asked about the fact that Congress would challenge his ability to tide the taxation with no approval, Trump said he would anticipate any challenge to “move very quickly” through the courts, and he also accused Congress of “obstruction.
He finished the press conference after colleagues continued to challenge the lawful jurisdiction surrounding the orders.
More than 160,000 US taxpayers have died from Covid-19 and several industries remain closed on account of the pandemic and assorted country lockdowns.
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