The executive order signed by the President over the weekend does not include another round of stimulus payment checks to the American people.
Here’s what it does include:
- The suspension of payroll taxes
- $400 a week in federal unemployment payments (a $200 cut from the previous $600)
- Deferrals on student loan payments through the end of the year
- Efforts to minimize evictions at federal housing
Both sides are in favor of another stimulus check, but must be agreed upon and come through Congress.
“The decision on a second stimulus wasn’t included in Trump’s order and must come through Congress, either as stand-alone legislation or as part of a broader bill. Both parties have plans that include direct payments U.S. residents but are far apart when it comes to how much will be spent – GOP proposing a $1 trillion package compared to $3 trillion for Democrats.”