Trump signs four executive orders for economic relief for Americans amid COVID-19 pandemic

United States President Donald Trump on Saturday signed four executive orders extending ecomic help to Americans hit by coronavirus crisis at his golf club in New Jersey after failed stimulus pack negotiations with opposition Democrats.

four executive orders include an extension of federal unemployment supplement at a reduced rate of $400 per week, a payroll tax holiday through end of year for American citizens earning less than $100,000, Deferring student loan relief through end of year and a renewal of eviction moratorium to keep struggling Americans in ir homes.

Trump's orders likely to face court challenges

Trump's executive orders are likely to face court challenges as y didn't meet Democrats' demand for a massive new $3 trillion stimulus pack that aimed at propping up ecomy. Democrats, Republicans and White House negotiators worked all last week without coming close to a deal on a congressional relief bill of giving unemployed an extra $600 a week. Democrats furr anunced y could drop price tag but refused Republicans' offer of a $1 trillion pack.

RE | Trump halts payroll tax, extends jobless benefits

Trump anunces Unemployment benefits

While speaking about Unemployment benefits Trump said he is taking action to provide an ditional or extra $400 a week and expand benefits that is generous and wants to take care of his people. Under CARES Act citizens were provided a $600-per-week unemployment insurance benefit however this act expired on July 31 this year. new executive order by Trump extends benefit at a reduced rate of a $400 payment per week. According to Trump ministration, y reduced amount of unemployment benefits because y feared that $600 supplement was preventing workers from re-entering workforce. Trump furr said $300 or 75 percent of enhanced aid will come from federal government, and $100 or 25 percent will, refore, have to come from states. 

RE | Trump extends US unemployment benefits

Executive orders on eviction relief  and student loan

Trump's executive order for eviction relief states that in consultation with Secretary of Treasury, Director of Federal Housing Finance ncy shall review all existing authorities and resources that may be used to prevent evictions and foreclosures for homeowners and renters resulting from hardships caused by COVID-19. Meanwhile, GOP's executive order related to students will provide respite for new gruates and young professionals as  loans extend deferments and calls for temporary cessation of payments and waiver of all interest on student loans held by Department of Education until end of 2020.

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Trump provides a payroll tax holiday to Americans

Furrmore, Trump has pushed for a cut to payroll tax for several weeks. executive order gives a payroll tax holiday till December 31, 2020, and states that deferral shall be me available with respect to any employee whose ws or compensation, is less than $100,000. 

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