Q&A what will Trump's economic executive actions mean for Americans

  • 4 years ago
Donald Trump unveiled four executive actions meant to bolster the economy on Saturday after Congress failed to reach an agreement on a new coronavirus stimulus package. Trump praised himself for stepping up with the actions, saying that they will “take care, pretty much, of this entire situation”, but the reality is – of course - more complicated. Here is what you need to know about Trump’s stimulus executive actions. Trump unveiled issued executive actions, including three memorandums and one executive order, meant to assist Americans affected by the economic downturn. One memorandum halts federal tax collection for anyone whose bi-weekly pre-tax paychecks are below $4,000. A second memorandum boosts unemployment insurance by $400 a week, though cash-strapped state governments are expected to foot a fourth of the bill. The last memorandum defers the collection of student loan payments and waives interest fees on student loans until the end of the year. The last executive action is an order that calls on the heads of the Department of Health and Human Services and the Centers for Disease Control and Prevention to “consider” a moratorium on evictions. It is unclear. The US constitution gives Congress the power to spend money and set taxes, while the president can approve or veto those decisions. Through his executive actions, Trump is trying to step around Congress, which could be unconstitutional. Democrats in Congress have suggested that they are too busy trying to negotiate the stimulus package to do something about the executive actions even if they are unconstitutional. “Right now we want to address the needs of the American people,

All data is taken from the source: https://www.theguardian.com/
Article Link: https://www.theguardian.com/us-news/2020/aug/11/trump-executive-actions-covid-19-unemployment

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