Trump Signs Executive Orders to Aid Unemployment
On Saturday, August 8, President Trump signed four executive orders aimed at providing continued relief to those struggling during the fallout of the COVID-19 pandemic. In one order, the President extended additional unemployment relief of $400 a week, but states must commit to providing $100 of that amount. It remains unclear if the President has the authority to extend additional unemployment benefits without congressional approval, but with so many unemployment funds in poor fiscal health, many states may not be able to participate.
Governor Hogan has not signaled if Maryland would participate in the program or not. Hogan spokeswoman Shareese Churchill said, “We are currently reviewing the legal ramifications of the order, as well as its potential impact on the state budget,” when responding to Sun reporters Monday.
The President’s second executive order gives the Treasury Secretary the authority to defer collection of payroll taxes for individuals making less than $100,000 a year from September 1 to December 31. Since this is a tax deferral, individuals qualifying would then need to pay the tax at the end of the deferral period, however, there is language that allows the Treasury Department to look for ways of forgiving that tax debt.
Trump’s final two executive orders included one addressing evictions and another extending deferrals on student loan payments through the end of the year on loans held by the U.S. Department of Education.