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Trump signs measures to boost economic aid but could face challenges

Editor CBS News August 8, 2020

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]

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  • Answers to 9 crucial questions about the coronavirus variants spreading around the worldAnswers to 9 crucial questions about the coronavirus variants spreading around the world
  • Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.
  • Biden Outlines $1Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn
  • What’s in Biden’s $1What’s in Biden’s $1.9 Trillion Stimulus Plan
  • Biden's $1Biden’s $1.9 trillion Covid relief plan calls for stimulus checks, unemployment support and more

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