Trump COVID-19 executive orders is tax cut for wealthy in disguise - Business Insider

President Trump rolled out a series of executive orders that are theoretically designed to help ease the economic burden of the coronavirus pandemic for Americans.

But the orders — from the meager unemployment boost to the payroll tax cut — do little for actual working Americans and mostly help the wealthy.This is an opinion column. The thoughts expressed are those of the author.President Donald Trump's much-delayed plan to repair the economic damage caused by COVID-19 has little that would help the 50 million Americans out of work due to coronavirus.

. Now, out of ideas and almost completely disconnected from the dismal reality of this national pandemic, the White House rolled out a set of dubious "relief" proposals in the form of executive orders that actually providefinancial support to American families than they received from the bipartisan CARES Act passed in March.

The surreal centerpiece of Trump's big business bailout is a 50% cut in weekly emergency unemployment payments to regular people from the boosted $600 a week to . Yes, you read that right. Instead of passing a bill to sustain a popular, bipartisan benefit designed to keep working class and middle class families fed and housed during the pandemic, Republicans are simply relying on Trump and slashing it.

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