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Trump extends unemployment benefits, defers payroll tax

Trump extends unemployment benefits, defers payroll tax

Created: August 08, 2020 04:08 PM

BEDMINSTER, N.J. (AP) - Bypassing Congress, President Donald Trump has signed executive orders deferring payroll taxes for some Americans and extending unemployment benefits, but at a lower weekly amount, after negotiations on a new coronavirus rescue package collapsed.

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Trump accused Democrats of loading up their rescue bill with things unrelated to the coronavirus.

“We’ve had it,” he said at a news conference at his country club in Bedminister, New Jersey, as he signed four executive orders.

In addition to deferring payroll taxes for those earning less than $100,000 a year and providing $400 a week in extra benefits for the unemployed, he also put a hold on student loan payments and extended a moratorium on evictions.

Copyright 2020 The Associated Press. All rights reserved.

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