Monday, August 10, 2020

Let Me Help You All Understand

 President Trump issued 4 executive orders this week-end. Here is the actual result (versus pro ported result).

1. Extend Unemployment Payments top up until end of year at $400 per week.

First, because this was done through Executive Action, this is probably NOT legal, but may go forward. The "top-up" payments were $600 per week, this extends the top-up system, but at $400 per week, where the government will kick in $300 IF the states (which are broke and must run a balanced budget) kick in $100 per week.

Second, this might be legal because he is just moving money around, like the Supreme Court said he could do with "The Wall" funds. But in this case he is taking it from the disaster relief funds - like wildfire and hurricane funds. Given the recent disasters this "top-up until the end of the year" might last 5 or 6 weeks (note: for those playing at home - there are 20 more weeks in this year).

2. Extend Evection Protection

This executive action requires the government to investigate extending the evection protection act, not do anything. AND this only applies to Federally funded rentals (section 8), which is so not all rentals!

3. Rescind Payroll Tax

Rescind / Defer  - Tomato / Tomahto

So this doesn't remove the Payroll tax. It only defers it until January when you will have a big bill due! Also, it is illegal to do without an act of Congress (although, again, "legality" not a big priority here).  Finally, this tax is for Social Security and Medicare funds, putting them more at risk.

AND, since the payroll tax only is taken out of workers pay checks, this does nothing to help the 30 Million unemployed. It just deprives the Social Security funds until end of the year for people actually working.

4. Student Loan Relief

It should be relief with a small "r". It extends part of the student loan relief from September 30th to November 30th. That part is the tax payments for loans held by the feds, not private loans which the fed guarantees.  So student loan relief here is federally held student loan tax payments for 2 months.


If these aren't the relief promised, why do them. Because American News is the short attention span theater of the day - and no one looks past the headlines. ("Trumps introduces 4 Executive Orders to help people from his Country Club in Bedminster.")

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