by Daniel Payne –
Just The news –
(The Great) President Trump on Saturday signed executive orders directing some federal funds to go toward coronavirus economic relief efforts, a measure the president takes as negotiations over a new stimulus package have stalled between Congress and the White House. …
… Trump on Saturday said the orders he signed include an extension of enhanced federal unemployment benefits, the deferment of some student loan payments, and eviction protection for renters throughout the country.
The president also said he would instruct employers to defer some payroll taxes through the end of the year for workers making less than $100,000. Payroll taxes are seen by many economists as regressive against lower-income workers, who must surrender a larger share of their income than higher-earning individuals taxed by other means. …
… The stimulus bill also extended loans to American businesses to help cover wages and keep employees on payroll even if a business was shuttered due to coronavirus shutdowns. The package’s Paycheck Protection Program offered loan forgiveness for employers who retained employees rather than laying them off. ||August 8, 2020