Postpones Income Tax Collection and Promises Future Forgiveness if Reelected
Over the weekend, President Trump signed a series of executive orders designed to break the stalemate between Democrats and Republicans in Congress. Both sides have been working and debating for weeks about the best course of action to bring financial relief to Americans affected by the COVID-19 pandemic.
The orders signed by the president would extend the additional unemployment benefits offered by states for several more months, but at a reduced level of $400 per week as opposed to $600. In addition, the president instructed the Treasury Department to not collect payroll taxes for the remainder of the year – postponing the due date of payments with the promise of debt forgiveness if he were reelected in the fall.
As the Lord Leads, Pray with Us…
- That God would lead the President to know how best to end the pandemic.
- For God to help Congress know how best to bring financial relief to Americans.
- For Congress and the White House to work together.
Sources: Politico, AP, NPR
