Last weekend, President Trump followed through on his threat to provide relief to Americans through Executive Orders if Congress couldn’t reach agreement on a new relief bill. They couldn’t so he did, signing 4 EOs under the broad heading of coronavirus stimulus. Of particular import to business interests, he authorized deferral of the employee share of payroll taxes through the end of the year and provided for payment of an unemployment insurance premium of $400, but only if the state agrees to pay $100 of it. You will recall that the initial COVID relief legislation signed back in March, the Families First Coronavirus Relief Act (FFCRA) authorized the deferral of the employer’s share of the social security payroll tax until 2021. The Executive Order essentially extends that deferral to the employee as well. Some caution to consider however relative to this deferral of payroll taxes includes the fact that under current law, if an employee were to take advantage of that deferral and not later pay the tax, that employer would be required to pay it on behalf of the employee and it could ultimately increase the employer’s total tax bill. The other two orders dealt with residential evictions and student loan debt.