Trump signs measures to boost economic aid but could face challenges
President Trump signed measures Saturday meant to provide economic aid to those struggling during the coronavirus pandemic, with additional benefits for the unemployed and tax cuts for workers. The executive actions bypass Congress — which has been deadlocked in negotiations to extend relief — and could face legal challenges.
The orders, if implemented, would provide $400 in added unemployment benefits for those out of work because of the pandemic, and defer payroll taxes for those earning less than $100,000 a year. Unemployed workers had been receiving a supplement of $600, a benefit that expired on July 31.
The payroll tax would be deferred through the end of the year, but still eventually be owed by workers unless there is further government action. The cut would apply to the tax workers pay for Social Security and Medicare, currently 6.2% and 1.45%.
Mr. Trump’s orders also …continued .
[Source: CBS News]