President Trump Issues Four Executive “Actions”: Payroll Tax, Student Loans, Unemployment and Evictions
On August 8, 2020, President Trump took the unusual—and highly controversial—unilateral executive action route to provide limited economic relief to U.S. citizens without the approval of Congress. His actions were in the form of three executive memoranda and one executive order, which are summarized herein.
CARES Act: Charitable Contribution Modifications for Tax Year 2020
In addition to stimulus payments to taxpayers, expanded unemployment benefits for workers, and tax
relief and loans for businesses, the CARES Act provides tax relief for individual taxpayers, including
expansion of tax benefits for charitable giving.
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