Dr. Chhoda offers a COMPLETE ANALYSIS of President’s Trump’s explosive press conference where the President signed FOUR executive orders.
1 – Providing a payroll tax holiday to Americans earning less than $100,000 – employers will defer payment of employee portion from August 1st or September 1st through the end of the year. Bigger checks for working families. “If I am victorious on November 3rd, I will forgive these payroll taxes. If I win, I may extend it beyond the end of the year and terminate the tax”
2 – Protection for renters and homeowners – Renters and homeowners will stay in their homes. Protecting people from eviction.
3 – “I am taking action to provide additional relief – $400/week in expanded benefits – states will be asked to cover 25% of the cost using existing funding – states can offer extended benefits if they so choose. They want all of the additional things that have nothing to do with the pandemic.”
Some experts are baffled by the idea unemployment benefits can be extended unilaterally. “By definition states’ administration of unemployment insurance must conform to federal law — and there is no federal law on the books allowing for an additional sum.
4 – More relief for student loan payments – not their fault that the colleges have closed down. Looking at additional tax cuts like income tax cuts and capital gains tax cuts, income tax for middle income and lower income people. You do have tax inequality, I’m saying that as a Republican. The President also spoke extensively about the stock market was doing, and how 401k’s are doing, and the biggest tailwind (he called it a headwind later) we have with respect to the stock market is the possibility that these radical left Democrats will win, and if they win, we will have a crash, because they are going to raise taxes. Your 401ks and your stocks will go down like a rock. They want to raise taxes and they want to do a childish ‘green new deal’.
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