DALLAS (WBAP/KLIF News) – U.S. President Donald Trump held a press conference this afternoon at Bedminster Golf Resort in New Jersey, which he owns. Immediately following the president’s remarks, he signed executive orders that could help millions of Americans suffering during the current COVID-19 crisis.
Coronavirus stimulus talks broke down in Washington on Friday, as Republicans and Democrats could not find middle ground and walked away without a deal. Paving the way for the press conference and the President’s executive orders.
Through executive action, the President endorsed a “payroll tax holiday” for those with an income of less than $100,000. The payroll tax cut has been previously met with opposition by both Democrats and Republicans. Trump said the payroll tax cut could remain permanent if he is reelected in November. The president said capital gains cuts and income tax cuts could come at a later time.
The President’s executive order also signed orders for an extension of the federal eviction moratorium. And an extension of the enhanced federal unemployment benefit to $400 per week. That is a difference of $200 per week from the $600 per week that just lapsed for millions of Americans. Student loan relief could also come at a later time that could defer student loan payments and forgive interest until further notice.
Without the President’s intervention, the gridlock between Republicans and Democrats in Washington could have meant more hardship for millions of Americans suffering financially during the coronavirus pandemic.
When asked by a reporter “when” Americans could expect to receive the benefits. The President said ”
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