Trump signs executive orders on coronavirus economic relief

The executive orders defer payroll taxes through the end of the year for Americans earning less than $100,000 a year.

They also defer student loan payments through the end of the year; continue eviction moratoriums; and extend enhanced unemployment benefits that expired last week, but at a reduced level of $400 instead of the prior $600.

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The payroll-tax order defers rather than eliminates them, which means the government could choose to collect the money at a later date.

“If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” Trump said. “Joe Biden and the Democrats may not want that, they don’t want that.”

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