Trump says his administration is looking at additional income tax and capital gains cuts - News Summed Up

Trump says his administration is looking at additional income tax and capital gains cuts


“I'm taking action to provide an additional or extra $400 a week and expanded benefits, $400. That's generous but we want to take care of our people,” Trump said at his golf club in Bedminster, New Jersey. Trump signed one executive order and three memoranda, one of which will enact a payroll tax deferment for Americans earning less than $100,000 a year. Trump said the federal government will pay $300, leaving it up to the states to pay the remaining $100. We should have been able to do it easily with them but they want all of these additional things that have nothing to do with helping people.”Democrats are likely to challenge the executive actions in court.


Source: CNN August 08, 2020 21:30 UTC



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