Name: Trump's COVID-19 relief executive actions: Everything happening now
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Trump's COVID-19 relief executive actions: Everything happening now

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Esto también se puede leer en español.Don't show this againAhead of any stimulus bill agreement, President Trump took unilateral action that could affect tens of millions of Americans. Here's what it all means for you.Following the signed by President Donald Trump on Saturday, Americans are working to understand what Trump's actions may -- and may not --&nbsp;. The administration said the directives are designed to extend economic relief to both employed and unemployed workers through the ongoing . But they don't encompass every benefit that was being&nbsp;. For example, there's no &nbsp;and they . "These Executive Orders build upon our ongoing implementation of the , which is delivering meaningful results for the American people," &nbsp;said in a statement Sunday. Democratic leaders, however, about whether the actions could meet their aim. "Unfortunately, the President's executive orders described in one word could be 'paltry.' In three words: unworkable, weak and far too narrow," Senate Minority Leader Chuck Schumer said on . House Speaker Nancy Pelosi, , said that Trump's payroll tax cut would undermine Social Security and Medicare, which are .&nbsp; Here's everything we know about Trump's executive actions, how they could help, if there are any catches and why some might not pass.Keep track of the coronavirus pandemic.What it is: Following Trump's , the federal government would contribute $300 of the &nbsp;(down from the , which ended July 31). Individual states -- already pinching pennies amid the coronavirus outbreak -- are responsible for the remaining $100 per person per week, retroactively starting Aug. 1. Governors have pushed back on footing 25% of the bill, with New York Governor Andrew Cuomo calling it "." How it would be funded: Trump is unilaterally seeking to use leftover or unspent funds to pay unemployment benefits.&nbsp; "I am directing up to $44 billion from the [Disaster Relief Fund]," Trump's memorandum says. "At least $25 billion of total DRF balances will be set aside to support ongoing disaster response and recovery efforts and potential 2020 major disaster costs." &nbsp;Experts predict this year's hurricane season will see According to the National Oceanic and Atmospheric Administration,&nbsp; per storm. Could there be a legal challenge? This executive action could be challenged legally since the . As such, to issue binding executive orders about how money should be spent during the coronavirus pandemic.&nbsp; Another objection: The executive order and memoranda "don't give the money to the enhanced benefit, but puts a complicated formula there, which will take a while if at all to accomplish to put money in the pockets of the American people," Pelosi said Sunday on . "The Labor Department working with states believe it could happen much, much faster than that," White House economic advisor Larry Kudlow , adding that people could expect checks in a couple of weeks.&nbsp; The banned until July 25 on properties backed by federal mortgage programs like Fannie Mae, or those that receive federal funds like HUD. The Republican-authored HEALS Act didn't address stipulations on evictions, and Trump's executive order is surprisingly low on detail. It leaves the decision to ban evictions in the hands of Health and Human Services Secretary Alex Azar and Centers for Disease Control and Prevention Director Robert Redfield, taking no official stance itself.&nbsp; "The secretary of Health and Human Services and the director of CDC shall consider whether any measures temporarily halting residential evictions of any tenants for failure to pay rent are reasonably necessary to prevent the further spread of COVID-19 from one state or possession into any other state or possession," . In addition, the order doesn't specify if it will provide financial assistance to renters, leaving that decision to Mnuchin and Housing and Urban Development Secretary Ben Carson. The White House's moves to waive student loan interest until Dec. 31, extending the current relief under the CARES Act that is set to expire Sept. 30 by two months. Payments are scheduled to restart on Jan. 1, 2021. There's a catch: Trump's memo applies to loans "held by the Department of Education," which doesn't include privately held student loans, such as through a bank. A pet project of Trump's that he's been pushing for months, the "payroll tax holiday" seeks to defer your federal tax withholding, which means you'd take home more money per paycheck -- temporarily. Since this is a deferral and not tax forgiveness, you would still have to pay those taxes after the deferral period passes, though without having to pay additional interest or tax. The memo includes language to explore avenues for eliminating the deferred tax altogether. The fine print: Trump's covers a four-month period from Sept. 1through Dec. 31, for people earning less than $100,000 a year, or less than $4,000 every two weeks (pretax). The memo's language specifies that Mnuchin, as Treasury secretary, can to "defer the withholding, deposit and payment of the tax." According to the US Code cited, Mnuchin could extend this for one year.&nbsp; Payroll taxes . Could Trump be sued? Congress is authorized with writing and passing laws regarding financial decisions. The White House can't forgive taxes .&nbsp; When asked if he was concerned about the legality of an executive action , the president said, "No, not at all ... well, you always get sued. Everything you do, you get sued." So far, the executive actions signed by Trump will cover only the four topics above, rather than the large scope of either the . Democrats have said that .&nbsp; , with Democratic leaders repeating their call for bipartisan negotiations to agree on a more comprehensive solution. "We are ready to meet the White House and Republicans halfway," . "We've said that from the start." Mnuchin didn't confirm whether talks would restart, but expressed openness to the possibility. "If we can get a fair deal, we're willing to do it this week,"&nbsp;&nbsp;Monday. If talks resume swiftly, legislation could presumably go to a vote in one chamber as soon as Tuesday or Wednesday. Both chambers must vote before the legislation lands on Trump's desk for his signature. If a deal is reached in the coming weeks, it's also possible that the executive action will be null and void.&nbsp; If you're looking for more information, we've looked at&nbsp;&nbsp;and compared the&nbsp;&nbsp;stimulus proposals. Lori Grunin contributed to this story.CloseSign in to commentBe respectful, keep it civil and stay on topic. We delete comments that violate , which we encourage you to read. Discussion threads can be closed at any time at our discretion.

Esto también se puede leer en español.Don't show this againAhead of any stimulus bill agreement, President Trump took unilateral action that could affect tens of millions of Americans. Here's what it all means for you.Following the signed by President Donald Trump on Saturday, Americans are working to understand what Trump's actions may -- and may not --&nbsp;. The administration said the directives are designed to extend economic relief to both employed and unemployed workers through the ongoing . But they don't encompass every benefit that was being&nbsp;. For example, there's no...

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CNET, formerly Computer Network, is an American media website that publishes reviews, news, articles, blogs, podcasts, and videos on technology and consumer electronics globally. Founded in 1994 by Halsey Minor and Shelby Bonnie, it was the flagship brand of CNET Networks and became a brand of CBS Interactive through CNET Networks' acquisition in 2008.

Trump's COVID-19 relief executive actions: Everything happening now

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