President Signs Executive Orders on UI, Payroll Tax

President Donald Trump signed four Executive Orders this weekend to help students and families struggling because of COVID-19. The action follows a breakdown in negotiations this week between Congress and the Administration. The actions include an extension of unemployment benefits through the end of year, which come down from $600/week to $400/week.

The four Orders include: 

  1. Defer payroll taxes for Americans earning less than $100,000 a year.
  2. Implement a moratorium on evictions and give financial assistance to renters.
  3. Add $400 per week in extra unemployment benefits through the end of 2020, requiring states to cover 25% of the additional benefits.
  4. Postpone student loan interest and payments through the end of 2020.

Learn more and read the Executive Orders here.