President Donald Trump has signed an executive order providing economic relief to millions of Americans during the COVID19 pandemic. Millions of Americans have lost their jobs because of economic closures, fears of contracting the virus and through workforce reductions.
The President's executive order comes after Democrats in the House and White House negotiators could not come up with an agreement. Trump saying, "Democrats are obstructing all of it, therefore I'm taking executive action ...and we're going to save American jobs and provide relief to the American workers."
The order will provide:
- A payroll tax holiday through the end of the year for Americans making less than $100,000 per year.
- An extension of the federal unemployment benefits of $400 per week through the end of the year.
- An extension of student loan debt relief through the end of the year without accruing new interest.
- Extending a moratorium on evictions.
- President Trump saying Friday people have lost their jobs, 'through no fault of their own.'
This is a bold political move for the President many have accused of being out of touch during the pandemic. The executive action benefits both workers and those who have lost their jobs during the pandemic.