August 7, 2020

USA: President Trump Just Announced Payroll Tax Suspended Until End Of Year Retroactive To July 1; Eviction Moratorium Reinstated, Extending Enhanced Unemployment Benefits Through End Of Year.

Everybody is asking if the $600 PUA will be extended. President Trump didn't give an exact amount. BUT President Trump DID SAY he is "EXTENDING" enhanced unemployment benefits. So, based off of that it sounds like he is EXTENDING what already existed. From what I understand EDD PUA will be retroactive to August 1st and will automatically be applied to your EDD weekly payment when you certify for your weekly unemployment benefit payment. So, just continue to certify for your EDD unemployment benefit like you have been doing.

Plus, don't forget President Trump already confirmed $1,200 Stimulus Payments are going to be sent out for individuals with adjusted gross income up to $75,000 and $2,400 for married couples who file joint return with adjusted gross income up to $150,000, parents also get $500 for each eligible child under 17. People, this is GREAT NEWS. I can't believe there are people all over social media turning this into bad news and berating President Trump for taking this executive action to help Americans because the Democrats are holding Americans hostage in order to force Republicans to accept their national Vote-by-Mail insert. My gosh, President Trump could cure cancer and Trump haters would find something to make Trump curing cancer a very bad thing.

So, on behalf of Americans like me who are extremely happy about this move, I want to say thank you President Trump. (emphasis mine)
ABC10 News, San Diego local
written by Staff
Friday August 7, 2020

President Donald Trump on Friday said that he is ready to sign an executive order that will offer unemployment supplements, eviction protection, and a payroll tax holiday through the end of the year. Trump said the order could "by the end of the week," and that he has lawyers currently drawing up the order.

The executive order comes as Congress has stalled on negotiations with the White House on another round of stimulus funds. It also remains questionable how some of his edicts will be funded without Congressional authorization.

"You always get sued," Trump said, dismissing concerns that the orders are not legal.

His announcement comes as unemployment remained above 10% in July for the fourth straight month. 

Trump did not specify how much the unemployment supplement would be for, but it would be retroactive to the beginning of the month. Previously, a $600 a week supplement for unemployed workers expired on July 31.

Trump announced that his executive order will continue a freeze on federal student loan payments until further notice.

He also said he will continue a moratorium on evictions through the end of the year. And his executive order would implement a payroll tax holiday through Dec. 31.
ABC23 News, Bakersfield local
written by Justin Boggs
Friday August 7, 2020

White House officials and House Democrats said Friday they’re no closer to a deal with on a stimulus package, a week after extended unemployment benefits expired.
While the White House said they believe a compromise can be made on some issues, the two sides remain far apart on funding state and local governments. Many states and municipalities are struggling due to decreased revenues and increased costs amid the pandemic.

There is also disagreement among the parties, including Senate Republicans, on unemployment supplements as unemployment figures remain over 10%. From April into July, unemployed workers received an additional $600 unemployment supplement on top of standard unemployment benefits. But many Republicans grumbled that the supplement gave incentive for workers to stay home amid the pandemic.

Generally, however, if an employer calls an employee back to work, they're no longer eligible for unemployment benefits.

Treasury Secretary Steven Mnuchin told reporters on Capitol Hill Friday that he is going to recommend executive orders addressing student loan payments, evictions and unemployment supplements. Currently, federal student loan payments are frozen into October. Also, protection ended last week on evictions.

President Donald Trump told reporters late Friday that he plans on signing the order "by the end of the week." But Trump said he expects there will be legal challenges to his order.

Mnuchin and White House Chief of Staff Mark Meadows said that there is broad agreement on some issues, such as funding for schools to safely operate amid the pandemic. Previously, the sides also said there is agreement on providing Americans with $1,200 stimulus checks for the second time this year. But Mnuchin and Meadows pointed the finger at House Democrats for not compromising on the unresolved issues.

“Just to hear the comments from Senator Schumer and Speaker Pelosi saying they “want a deal” when behind closed doors, their actions do not indicate the same thing,” Meadows said.

Meanwhile, Democrats pointed the finger back at the White House for not reaching a compromise.

While the White House suggested that it would be okay with a partial stimulus package, Democrats are calling for a more comprehensive bill.

“We’re asking them to be fair, to meet us in the middle, not to have a my way or the highway attitude, which they seem to have,” Senate Minority Leader Chuck Schumer said. “We can really get this done, because there are some areas where we didn’t come to an agreement on many things, but we narrowed our differences.”

Both the House and Senate have adjourned for the weekend.

👇 Here's the video if you want to listen to the entire news conference 👇

White House published August 7, 2020: 08/07/20: President Trump Holds a News Conference

UPDATE 8/7/20 at 8:16pm: Added video below.

NewsNOW from Fox published August 7, 2020: SIGN IT TRUMP: Mnuchin and Meadows Recommend President Trump SIGN THIS EXECUTIVE ORDER.

Listen for yourself.

UPDATE 8/7/20 at 10:47pm: Added info below.

Forbes
written by Zack Friedman
Friday August 7, 2020

If you’re feeling restless about a second stimulus check, you’re not alone. Congress failed to finalize a stimulus package Friday, which has left many Americans wondering if and when they will receive a second stimulus check. Congress was expected to reach a deal by August 7, but that unofficial date has been pushed back as both Republicans and Democrats are too far apart on total spending. Practically, this means it will now take longer for you to get a stimulus check. Importantly, Congress has not officially approved any Economic Impact Payments, although both parties agree that there should be a $1,200 stimulus payment.

When will second stimulus checks be sent?

According to U.S. Treasury Secretary Steven Mnuchin, the IRS, which he oversees, could “start printing [stimulus checks] the following week” if President Donald Trump signs a stimulus package into law. “I could have them out immediately,” Mnuchin said, referring to stimulus checks.

Mnuchin said checks can be printed and sent the week after the president signs the stimulus legislation. This timeline is potentially 10 or more days faster than the Cares Act.

If and when Congress finalizes a stimulus deal, the process works like this:
  1. The Senate votes; and then
  2. The House votes; and then
  3. The president signs the legislation; and then
  4. The legislation becomes law
Congress does not appear in a position to announce a deal early next week. Based on this procedure, here is a potential timeline for when second stimulus checks could be sent if Congress finalizes a deal:

If the Senate passes a stimulus package on August 12, 2020....
  • House votes: August 13
  • President signs: August 14
  • Checks Sent: Week of August 17
If the Senate passes a stimulus package on August 14, 2020....
  • House votes: August 17
  • President signs: August 18
  • Checks Sent: Week of August 24
Of course, it’s possible that Congress could pass a stimulus package on a different timeline, or Congress may not pass a stimulus package. If Congress doesn’t pass a stimulus bill, Trump has already said he would consider an executive order for several components of the stimulus package, including unemployment benefits, a payroll tax cut, a moratorium on evictions and student loan repayment. If that scenario occurs, Congress could pass stimulus checks as separate legislation, for example. If the president, who said that stimulus checks could be more than $1,200, holds off on an executive order, Congress returns from summer recess on September 8. Although it is low likelihood that Congress waits until September to pass legislation, it is a potential consideration.

Posted by Princess Mononoke at 6:19 PM

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