In a press briefing at The Trump National Golf Club in Bedminster, New Jersey on Friday evening, President Trump stated that he is going to pass an executive order on deferring the payroll tax until the end of the year, despite not being able to successfully work out a deal with the democrats.
In the briefing, President Trump stated that his administration has tried to reach an agreement with the democrats in Congress that would “extend unemployment benefits, provide protections against evictions, and get relief to American families” during the “China Virus.”
“Tragically, Nancy Pelosi and Chuck Schumer continue to insist on radical leftwing policies that have nothing to do with the China virus. Nothing to do with it at all. So you have a virus that comes in, and you have people in Congress that don’t want to help our people,” President Trump stated.
President Trump announced that he will be working on getting Americans the relief they need and extending the payroll tax for a few months until the end of the year where it would be retroactive starting from July 1st.
“If Democrats continue to hold this critical relief hostage, I will act, under my authority as President, to get Americans the relief they need. And what we’re talking about is deferring the payroll tax for a period of months until the end of the year. And I can extend it at a certain period. We’re going to do the job; we’ve been doing the job like nobody could. Nobody would, actually. And so, we’re going to have the payroll tax go until the end of the year, and it’ll be retroactive to July 1st. So we’re going to go back to July 1st, and it’ll go to the end of the year — payroll tax. At the end of the year, it may be extended,” President Trump stated.
The President also announced that he was going to “enhance” unemployment benefits through the end of the year.
“We’re going to enhance unemployment benefits through the end of the year. So unemployment benefits will be brought out to the end of the year and defer student loan payments and forgive interest until further notice — so students who are paying student loans and, in many cases, they’re not even allowed to go back into their colleges. Extend the eviction moratorium — we will be extending that so people aren’t evicted. Not their fault,” the President said.
Although the President did not give any information on much the unemployment benefits would be, the last relief bill included $600 a week to those who filed for unemployment.
— The White House (@WhiteHouse) August 8, 2020