News Flash

Home

Posted on: August 11, 2020

President Trump Takes Steps to Address COVID-19 Relief

On Saturday, President Trump signed an Executive Order and three presidential memorandums after talks between the Administration and Democratic leaders on a new COVID-19 relief package broke down. The Democratic leaders are pushing for the HEROES Act ($3 trillion) while the White House is looking to stay at $1 trillion.

Temporary Relief for Wage-Earners

The Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster instructs the Treasury Department to temporarily suspend collection of employees’ payroll taxes (Social Security and Medicare payments) for those earning under $104,000 a year, from September 1 through the end of the year. Absent action by Congress to change the law, employees would be responsible to make up for these deferred payments in the future.

Possible Temporary Boost in Unemployment Benefits

The Memorandum on Authorizing the Other Needs Assistance Program for Major Disaster Declarations Related to Coronavirus Disease 2019 looks to address the July expiration of the $600 a week federal supplement to state unemployment benefits. It would divert $44 billion of FEMA Disaster Relief Funding to a program that could add $400 a week to state unemployment benefits. Federal FEMA funding would cover $300 of the total if states agree to provide the other $100. The memo orders the aid to continue through December 27, or until funding is exhausted.

Possible Eviction Protections

The Executive Order on Fighting the Spread of COVID-19 by Providing Assistance to Renters and Homeowners asks Health and Human Services Secretary Alex Azar and Centers for Disease Control and Prevention Director Robert Redfield to “consider” whether an eviction ban is needed. (The previous ban, a part of the CARES Act, expired at the end of last month.) The order also asks Treasury Secretary Steven Mnuchin and Housing and Urban Development Secretary Ben Carson to identify any and all available funds to provide temporary financial assistance to renters and homeowners struggling to meet their monthly rental or mortgage obligation. It doesn’t promise more aid.

Temporary Student Loan Relief

The Memorandum on Continued Student Loan Relief During the COVID-19 Pandemic waives all interest on student loans held by the federal government through the end of 2020. Payment on loan principal will be due on December 31. Full payments (principal and interest) would resume, effective January 1, 2021.

Facebook Twitter Email

Other News in Home

Week of March 29 COVID-19 Update

Posted on: April 1, 2021

Cannabis Legalization Deadlines

Posted on: March 26, 2021

Local Part PERS Legislation Advances

Posted on: March 26, 2021

Week of March 22: COVID-19 Update

Posted on: March 26, 2021

Legislative Preview: Week of March 15

Posted on: March 15, 2021

Cannabis Briefing March 18

Posted on: March 15, 2021

Week of March 8: COVID Update

Posted on: March 15, 2021

American Rescue Plan Overview Webinar

Posted on: March 10, 2021

Wear Your Pearls for WIMG Movie Night

Posted on: March 10, 2021

Legislative Preview: Week of March 8

Posted on: March 9, 2021

Week of Feb. 22: COVID-19 Weekly Update

Posted on: February 26, 2021

Feb. 26, 2022 Cannabis Update

Posted on: February 26, 2021

FY 2021 State Budget-Municipal Interest

Posted on: February 24, 2021

Legislature Preview: Week of February 22

Posted on: February 22, 2021

Gov. Murphy Signs Legalization Legislation

Posted on: February 22, 2021

LEAP Challenge Grant Deadline Approaching

Posted on: February 16, 2021

Expanded Earned Income Tax Credit Program

Posted on: February 16, 2021

Amended Shared Service Bill S-1 Advances

Posted on: February 16, 2021

Week of February 8: COVID-19 Update

Posted on: February 16, 2021

Congressional Activity on SALT Deduction

Posted on: February 1, 2021

Marijuana Legalization Update

Posted on: February 1, 2021

Week of January 24: Covid-19 Update

Posted on: February 1, 2021

Week of January 18: COVID-19 Update

Posted on: January 22, 2021

COVID-19 Update: Week of January 4

Posted on: January 11, 2021

Governor Signs Tax Incentive Legislation

Posted on: January 11, 2021

Cannabis Clean Up Legislation Held

Posted on: January 11, 2021

Larger Stimulus Checks Unlikely

Posted on: January 4, 2021

Federal Update and Further Stimulus

Posted on: December 30, 2020

COVID Relief & Omnibus Bill Passed

Posted on: December 28, 2020

Week of December 21 COVID-19 Update

Posted on: December 28, 2020

Week of December 14: COVID-19 Update

Posted on: December 18, 2020

Senate Passes PFRS 20 and Out Legislation

Posted on: December 18, 2020

Tax Incentive Legislation Moving Quickly

Posted on: December 18, 2020

Covid-19 Update: Week of December 6

Posted on: December 14, 2020

Cannabis Legislation Advancing

Posted on: December 14, 2020

Small Cell Regulation Bill Advances

Posted on: December 14, 2020

LFN Issued on UCC Enforcement

Posted on: December 10, 2020

AG Issues Marijuana Charge Guidance

Posted on: December 10, 2020

Law Requires Use of Body Cameras

Posted on: December 2, 2020

Gov. Murphy Signs Plastic Ban into Law

Posted on: November 11, 2020

2019 Senior Freeze Deadline Extended

Posted on: November 2, 2020

Hospital Propety Tax Bill Held from Vote

Posted on: November 2, 2020

Vegetation Management Bill Advances

Posted on: September 21, 2020

Hospital Property Tax Bill Advances

Posted on: September 21, 2020

Governor Takes Action on Bills

Posted on: September 21, 2020

MIllioniares' Tax to Bolster State Budget

Posted on: September 21, 2020

State Budget Deliberations Begin

Posted on: September 11, 2020

Final NJ Census Push in Full Swing

Posted on: September 9, 2020

Census 2020- Time Is Running Out

Posted on: September 8, 2020

Proposed Budget Holds ETR/CMPTRA Level

Posted on: August 25, 2020

Week of August 17: COVID-19 Update

Posted on: August 25, 2020

Local Aid Crucial for Economic Recovery

Posted on: August 25, 2020

Week of August 10: COVID-19 Update

Posted on: August 14, 2020

Time is Running Out for the 2020 Census

Posted on: August 14, 2020

Week of August 2: COVID-19 Update

Posted on: August 9, 2020

COVID-19 Research Volunteers Needed

Posted on: August 6, 2020

Storm Update from NJBPU

Posted on: August 5, 2020

Week of July 27: COVID-19 Update

Posted on: August 5, 2020

Week of July 13: COVID-19 Update

Posted on: July 19, 2020

Murphy Ok's COVID-19 Borrowing Bill

Posted on: July 19, 2020

Interim State Budget Enacted

Posted on: July 6, 2020

Bridge Budget Bill Introduced

Posted on: June 26, 2020

Week of June 8, 2020 Covid-19 Update

Posted on: June 12, 2020

Week of May 25: COVID-19 Update

Posted on: May 29, 2020

Week of May 18: COVID-19 Update

Posted on: May 22, 2020

State Budget Update

Posted on: May 22, 2020

Call for Federal Lifeline

Posted on: May 22, 2020

DEP Launches "Mask Up!" Campaign

Posted on: May 20, 2020

Week of May 11 COVID-19 Update

Posted on: May 15, 2020

HEROES Act Includes Hometown Help

Posted on: May 15, 2020

Week of May 4 COVID-19 Update

Posted on: May 8, 2020

Week of April 27 COVID-19 Roundup

Posted on: May 1, 2020

Gov. Murphy OK's May 2 Park Reopening

Posted on: April 30, 2020

Possible Help for Seasonal Businesses

Posted on: April 30, 2020

New Federal Help for Local Businesses

Posted on: April 29, 2020

Week of April 20 COVID-19 Update

Posted on: April 24, 2020

Week of April 12 COVID-19 Update

Posted on: April 17, 2020

ABC Extends Retail License Terms

Posted on: April 17, 2020

Congress Considers Local Aid Bills

Posted on: April 17, 2020