President Trump's New Executive Order Could Gut Social Security

In response to the standstill, President Trump has now signed executive orders that would defer payroll taxes for some Americans, as well as expand unemployment benefits by providing an extra $400 per week in aid for the jobless. While the President will likely push Congress to forgive the deferred payroll taxes and has ordered the Treasury secretary to look at all alternatives for forgiveness, there's a big problem. A payroll tax cut is definitely not on the table in the stimulus negotiations.