President Trump Signs Executive Orders After Coronavirus Relief Talks Falter
Today, President Trump signed four executive orders aimed at extending COVID-19 relief provisions as lawmakers continue to be unable to reach an agreement.
The executive orders:
- Defer payroll tax on wages paid from September 1 through December 31, 2020.
- Extend enhanced unemployment benefits, but at $400 a week instead of $600.
- Extend student loan payment relief.
- Seek to protect renters and homeowners from eviction.
The payroll tax deferral would appear to apply to the employee portion of the taxes for employees making less than $4,000 per bi-weekly pay period before tax (approximately $100,000 per year). (Social Security tax paid …