Trumps plan [View all]
Trump's action would require states to pay for 25 percent of the $400 weekly benefit, while the federal government would pick up 75 percent.
Trump would divert up to $44 billion from FEMA's Disaster Relief Fund to cover the unemployment program.
Trump defers the payroll tax from Sept. 1 to Dec. 31, 2020, for employees making $100,000 or less a year. The tax funds Social Security and Medicare.
The executive action suspends federal student loan payments and sets interest rates to 0 percent through Dec. 31, 2020. The current student loan relief programs were to expire on Sept. 30.
https://www.foxnews.com/politics/whats-in-president-trump-four-coronavirus-relief-executive-orders
Apparently he is not cutting the payroll tax going to the Federal, only the FICA and Medicare that the employer has to match.
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