Trump Serious About Using Executive Order To Extend Stimulus, Cut Dems Out Of Deal: Fox

Trump Serious About Using Executive Order To Extend Stimulus, Cut Dems Out Of Deal: Fox

Tyler Durden

Wed, 08/05/2020 – 13:27

In classic Trump Administration form, President Trump and his aides are trying to pressure Democrats into caving and supporting the White House’s trillion-dollar stimulus plan that would restore the additional $600 weekly unemployment benefit, by seeking to convince the leadership that they will try to cut them out of the deal entirely.

Yesterday afternoon, Politico reported that team Trump was looking into using an executive order to re-appropriate money already appropriated by Congress and instead redirect it toward restoring the federal money for the unemployed, as well as potentially restoring the federal moratorium on evictions. Last night, Trump told reporters that yes, all of this was true – except that the team was also considering a suspension of payroll taxes, something the president has long insisted upon, despite the fact that there’s almost no support for the proposal in Congress.

Prodded about all of this on Fox & Friends Wednesday morning, Trump again insisted that for all the help he was getting from the Democrats, he “may do it myself.”

“Well, I may do it myself,” Trump said in an interview with Fox & Friends on Wednesday. “I have the right to suspend it, and I may do it myself – I have the absolute right to suspend the payroll.”

And now, with the possibility of an executive order eliciting the typical “he can’t do that!” reaction from the mainstream press, Fox Business correspondent Charlie Gasparino – who we suddenly need to pay attention to again following his reports on TikTok last Friday – has just tweeted that not only is Trump 100% going for it with the executive order strategy (he’s seriously considering an executive order to extend the stimulus bill, but without any involvement from Congress), the president also thinks he can get Microsoft and TikTok to pay the US government as part of a deal.

Of course, every political pundit and constitutional law expert on the “rent-a-quote” rolls believes there’s no way Trump could ever pull off the executive order.

Here’s more from Yahoo Finance:

However, experts say his authority to do so is limited given that the president only can postpone the payment of the tax for workers but not to suspend it.

“Congress has to pass tax laws, not the president,” Seth Hanlon, a tax-policy expert at the Center for American Progress, told Yahoo Money. “He has limited authority to postpone tax filing and payment deadlines, in instances of disasters.”

The tax code allows the president to postpone the payroll tax, though doing so in this case would be “a real stretch of his authority,” according to Hanlon. Such provisions are intended for situations when people can’t file their taxes, like in the case of a natural disaster.

Plus, a cut to the payroll tax wouldn’t benefit employees so much as employers, these experts explained.

Seeing all of this, a joke published a few days ago by the Onion comes to mind.


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