China News Service, August 9th. According to the US Chinese website, on the 8th local time, US President Trump signed a series of executive orders at a press conference in Bedminster, New Jersey, seeking a bailout in Congress. Under the circumstance of stagnant bill negotiations, the economic relief measures during the new crown epidemic will be continued. However, reports said that Trump’s executive order is expected to soon face legal challenges, because continuing to implement these plans will require federal funds controlled by Congress.
According to reports, the executive order signed by Trump involves payroll taxes, unemployment benefits, student loans, and the federal suspension of deportation orders. The executive order will provide unemployed Americans with additional unemployment benefits of $400 a week, which is lower than the $600 weekly federal unemployment benefits approved by Congress in March and due at the end of July.
Data map: US President Trump.
According to reports, some of the additional $400 weekly unemployment benefits provided by the US government to the unemployed will be paid by the states. Trump said that states need to share 25% of the $400; the federal government will pay 75%, but he did not specify the source of federal funds.
"This is the money they need, this is the money they want, which gives them a huge motivation to go back to work," Trump said.
According to the report, the administrative order also temporarily exempts taxpayers with an annual income of less than US$100,000 from payroll taxes; in addition, the order also allows student loan payments to be postponed until the end of the year; the order will also ensure that tenants and homeowners can avoid Deported during the epidemic. "We will save American jobs and provide relief to American workers." Trump said.
On the same day, Trump also said that in addition to the temporary exemption of payroll taxes stipulated by the executive order, the government is considering providing additional income tax and capital gains tax relief for American taxpayers.
However, reports pointed out that Trump’s executive order is expected to soon face legal challenges, because continuing to implement these plans will require federal funds controlled by Congress.
Prior to this, Trump had stated on the 7th that he was prepared to take unilateral actions to restore unemployment relief measures during the epidemic and to suspend payroll taxes. He said: "If the Democrats continue to withhold this vital relief, I will act as president so that Americans can obtain the relief they need."
Trump insists that although there are doubts about his ability to do so, he has the legal power to act unilaterally. Trump also admitted that this move may cause legal challenges. "You will always be prosecuted." He said, "We may be prosecuted."
In addition, Trump refused to disclose where he would receive funds to increase unemployment benefits, but insisted that his government would ensure that funds were obtained. Officials said the funds may come from funds that have been allocated by Congress in an earlier relief package but have not been used.