Trump order allows some unemployment pay, defers payroll tax – News of Bahrain- DT News

  • Date: 09-Aug-2020
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Economy
  • Country:Bahrain
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Trump order allows some unemployment pay, defers payroll tax – News of Bahrain- DT News

Bedminster

President Donald Trump has bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed.

Trump's orders on Saturday encroached on Congress' control of federal spending and seemed likely to be met with legal challenges. The president cast his actions as necessary given that lawmakers have been unable to reach an agreement to plunge more money into the stumbling economy, which has imperiled his November reelection, according to The Associated Press (AP).