Donald Trump Uses Executive Order to Halt Payroll Tax Until End of 2020
'Hopefully I’ll be here to do the job,' the president said
President Donald Trump said he would delay the payroll tax until the end of 2020 by using an executive order, according to reports.
The president stated the tax would continue to be deferred until the end of 2020, and would likely be retroactive from July 1.
Trump added that the payroll tax break could be extended by the end of 2020.
“Hopefully I’ll be here to do the job,” Trump said, hinting he will still be president after the election.
Trump also stated he would defer student loan payments, extend unemployment benefits, and extend the eviction moratorium including an order requiring health insurance companies to cover pre-existing conditions.
“If Democrats continue to hold this critical relief hostage, I will act under my authority as president to get Americans the relief they need,” he said.
Trump said lawyers were drawing up the executive orders and that they could be signed by the end of the week.
After being asked if he was concerned about the legality of his executive order, Trump replied:
“No, not at all. You always get sued, everything you do you get sued … we’ll see.”
VIDEO: Teen Discovering Payroll Taxes Is Mic Drop Moment All Americans Must See— Neon Nettle (@NeonNettle) July 27, 2020
READ MORE: https://t.co/VHOotPTvpn
Trump also declined to specify if he would extend federal unemployment benefit checks at the full $600 a week.
The President, however, did say he was determined to help Americans still struggling with the virus in the light of the economic shutdowns.
“Tragically, Nancy Pelosi and Chuck Schumer continue to insist on radical leftwing policies that have nothing to do with the China virus,” Trump said.
Both Pelosi and Schumer are demanding a $2.5 trillion package that White House Chief of Staff Mark Meadows described as a “blank check.”
Meadows and Treasury Secretary Steven Mnuchin continued negotiations with Democrats throughout the week.
“The Chief and I will recommend to the President, based upon our lack of activity today, that he move forward with some executive orders,” Mnuchin said.
In May, Pelosi said she was against including a payroll tax cut in the next coronavirus relief bill.
Host Wolf Blitzer asked the House speaker: “So, is a payroll tax cut okay from your point of view?”
"No, it is not. First of all, this is all to be related to the coronavirus. We have enormous, enormous costs, much of it incurred because the president was in denial early on, delayed a reaction to it, caused deaths," Pelosi said.