Trump’s directives were aimed at offering new unemployment benefits, protecting renters from eviction and postponing the payment of a federal tax. But some economists and experts faulted these policies as incomplete or legally questionable — raising the prospect that the president’s attempt to boost the economy may have only a muted impact.
One of the orders allows employees making less than $104,000 to delay until January payment of a payroll tax that funds Social Security and Medicare. Trump added he would try to change federal rules next year to make the deferred payments into a permanent tax cut — but only if he is reelected. Continue reading.