payroll taxes

President Trump announced that he planned to sign executive actions that the White House is drafting to address expired unemployment insurance and to suspend payroll taxes, as congressional negotiations for coronavirus aid continue to drag on. In a tweet before leaving the White House, Trump said he had instructed the White House to "continue working on an Executive Order with respect to payroll Tax Cut, Eviction Protections, Unemployment Extensions, and Student Loan Repayment Options." Trump has pressed repeatedly for a payroll tax cut, a move backed by outside economic adviser Stephen Moore, a Washington Examiner columnist, but among lawmakers, the cut is less popular. President Trump addresses supporters on the airport tarmac in Cleveland, Ohio, August 6, 2020. President Trump indicated he would sign executive orders on Friday or Saturday that would extend unemployment benefits and institute a payroll tax holiday, amid continuing deadlock in Congress over coronavirus economic relief. Trump also told reporters on Thursday that he was looking into extending a federal moratorium on evictions as well as unspecified student debt relief. If signed, the orders would set up a legal fight over the president’s authority to institute the measures. The payroll tax would likely be illegal, since Congress is the only branch of government that has the authority to make tax cuts.