Coronavirus: Trump signs relief order after talks at Congress collapse

Daniel Fowler
August 11, 2020

The governor said not only does he believe what the president is doing is illegal and "unworkable", he said states simply do not have the money to support the proposed unemployment benefits.

Trump said earlier that the federal contribution would be redirected from disaster relief money at the Federal Emergency Management Agency - dollars not likely to last more than two months.

Democrats are pouncing on President Donald Trump's new, temporary freeze on payroll taxes as his secret plan to end Social Security and Medicare - traditional priorities for older voters that have not been central themes in this year's presidential campaign.

Trump's executive action also suspends federal student loan payments and sets interest rates to 0% through December 31, 2020.

"The concept of saying to states "You pay 25 percent of unemployment insurance" is just laughable", he reportedly continued, estimating that covering part of the benefits would set NY back $4 billion.

President Donald Trump spoke out on Monday night in a press conference after signing an Executive Order and three memorandums over the weekend concerning unemployment benefits, student loans, payroll tax and eviction protections. The money would need to be paid back eventually unless Congress acts to write off the deferred taxes.

Mr Trump said it would be up to the states, which already face huge budget shortfalls due to the pandemic, to determine how much to be used from that fund to pay for the benefit.

Trump touts signs of economic recovery following shock of coronavirus crisis.

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The order extends additional unemployment payments of $400 a week to help cushion the economic fallout of the pandemic. "I think this will be content in the new stimulus", Eliason said.

Schumer and Democratic House Speaker Nancy Pelosi and met several times last week with Mnuchin and White House chief of staff Mark Meadows to try to bridge the gap between the Democrats $3 trillion proposal and the Republicans' $1 trillion plan.

"I can tell you we have an additional reserve fund of about $4Billion in an additional reserve fund of about $4 billion we set aside for a rainy and I think it's raining right now and we have to dip into those funds to provide those benefits then I think we need to do that", said Republican Spencer Roach.

Maine Gov. Janet Mills, a Democrat, said the orders "appear to subordinate real relief for unemployed Americans to partisan gamesmanship, making Maine families a pawn in a cruel political game".

The paper went on to call out Pelosi for "partisan hypocrisy" after she accused Trump if acting in an "absurdly unconstitutional" way by issuing the orders while cheerleading Obama's "pen and phone" executive actions relating to ObamaCare and illegal immigration.

Trump's executive actions were nothing but "a big show", Schumer claimed.

But Kemp, a Trump ally, offered no details on whether Georgia will contribute state funds toward the $400 weekly unemployment payment. Again, that would require congressional action.

"We're prepared to put more money on the table", Treasury Secretary Steven Mnuchin told CNBC.

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