August 9, 2020, 03.07 PM
President Donald Trump signed an executive order that will extend financial relief for Americans affected by the coronavirus pandemic. JIM LO SCALZO/EPA-EFEPresident Donald Trump signed an executive order that will extend financial relief for Americans affected by the coronavirus pandemic.

A fourth measure — opposed by many Republicans as well as Democrats — ordered a freeze in payroll taxes.

This makes a big headline for Trump but is only a deferral, rather than a cut in the tax.

Read also: Democrats and Republicans Unamused by Trump’s US Election Delay Plans

"Today's meager announcements show President Trump still does not comprehend the seriousness or the urgency of the health and economic crises facing working families," Pelosi said on Twitter Saturday.

"These policies provide little real help for families," Nancy Pelose continued.

Democrats, Republicans and White House negotiators had worked all last week without coming close to a deal on an overall congressional relief bill for those struggling to make ends meet in the world's richest economy.

Democrats pushed for a massive new $3 trillion stimulus package aimed at propping up the economy, repairing the tattered postal system in time for the presidential election, and giving the unemployed an extra $600 a week.

Democrats later announced they could drop the price tag but refused the Republicans' offer of a $1 trillion package. 

(Writers & Editors: Jim Watson with Sebastian Smith)

Source: http://u.afp.com/32Us 

 
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