Again, details, details, details.
1. He delays payroll tax collection for those making under $104,000
Trump instructs the U.S. Treasury to halt collection of payroll taxes from Sept. 1 through Dec. 31 for workers who earn under less than $4,000 every two weeks (that's people earning under about $104,000 a year).
Think about this for a minute. What ------- is doing is deferring what you pay in taxes. Not eliminating them, deferring them. Meaning, come next April, you will be hit with those taxes. Of what? around 12.4% of your income or around 3.1% of total yearly income will now be due in April 2021.
As someone who isn't tied to a paycheck and who pays quarterly taxes, let me tell and warn you. This will slam people next April. People, who are not used to quarterly payments will not plan appropriately and suddenly get hit with a larger tax bill.
2. Unemployment aid is (sorta) extended at $400
Democrats want to continue at the $600 a week level. Republicans proposed $200. They have yet to agree.
------- calls for only 75% of this to paid by feds, the rest by cash strapped states. ALSO the money he will use comes from $44Billion for disaster relief, you know floods and hurricanes and tornadoes and massive fires. (Not like we are in hurricane season or anything). Which, oh, btw, is pretty much the entire DRF.
OH and $44 billion would cover less than five weeks of payments for 30 million unemployed Americans.