Trump holds news conference from NJ, signs executive orders on coronavirus relief
And good afternoon, my administration. Has been working, around the clock in good faith. To reach an agreement, with democrats. On. Additional. China virus, relief. Already my administration. Has enacted, over three trillion dollars, in historic, relief. Saving many tens of millions of dollars, in jobs and you see how fast the economy, is coming back it does look like it's going to be very sharp v. We have a tremendous. Enthusiasm. Tremendous, spirit, and tremendous. Job growth, we set a record on number of jobs in the last. Three months it's the, most, jobs, ever. Created, in a three-month, period, during a three-month, period, that's great. Before we begin i've just signed, two bills that are. Great for our. Vets. Our vets are very special we pass choice as you know veterans, choice and, veterans, accountability. And they've been trying to get that, passed for decades, and decades, and decades, and no president's, ever been able to do it and we got it done so veterans have choice and now you have. Accountability. That if you don't love your vets if you're in the va and you don't love the vets or take care of the vets. You can actually get fired if you don't do your job. We want people that love our vets. The first, expands. The eligibility. For vets with, blindness. In both eyes. So we have an expansion. Of benefits, and expansion, of various. Elements, of being, and working with the va. For vets with blindness. And. In particular, blindness, in both eyes. And we have a lot of. Problems. With. Uh. Blindness, in the va, and we're doing something about it they've been talking about this for many years. So that. Is expanding, eligibility. For vets with blindness, in both eyes okay. Second, is uh. Requires, the va to establish, a treatment court program, for vets who need treatment. Rather than punishment. For certain, non-violent. Crimes. And you know what that all means and, it's really something that they've been trying to get done for a long time the second requires. The va to establish, a treatment court so this is a treatment court. Program, for vets who need treatment, rather than punishment, for certain non-violent. Crimes, okay i think it's self-explanatory. We've wanted this for a long time, they've been trying to get it for a long time and. Now we have it. And i want to thank everybody, for. Helping us get that done we had a lot of support from a lot of great people including, people in the va. In the current negotiations. We have repeatedly, stated, our willingness, to immediately, sign legislation. Providing, expanded, unemployment, benefits, protecting, americans, from eviction. And providing, additional, relief payments to families. Democrats, have refused. These offers, they want to negotiate. What they really want is bailout money for states that are, run by democrat, governors, and mayors. And that have been run very badly for many many years and many decades, in fact you know the states everybody, knows who we're talking about and what we're talking about i don't think we have to go over it. But what the democrats. Primarily, want is bailout, money has nothing to do with the china virus. It has nothing to do with, anything, that we've been talking about over the last. Period of time they want to bail out states. That have been badly managed by democrats. Badly run by democrats, for many years. And in fact in all cases, many decades. And we're not willing to do that. Nancy pelosi, and chuck schumer have chosen to hold this vital assistance, hostage. On behalf, of, very extreme, partisan, demands, and, the radical left democrats, said we just can't do that so hopefully we can do something with them at a later date but we're going to be signing some bills in a little while that. Are going to be very important and will take care of. Pretty much this entire, situation.
As We know it and as you have been covering it in some cases, actually covering, it accurately. Many of the far left policies. They're pushing, have nothing to do. Again with what, we have been working on so hard, namely, the corona. You can call it so many different names, what a horrible, thing. China released upon the world. One third of their bill the heroes, act. Is spending completely, unrelated. Money to the virus. Here are just a few of the policies, in their extreme, left bill and again this is a bill, supported, by. Biden. And. Biden, is totally controlled, now by. The bernie, sanders, left wing, of the party and in fact he's gone further left than bernie sanders ever dreamt of going. So obviously, other than bernie have, brought him left if you look at the manifesto. That they've agreed to. It's far further left than i've ever heard anything about bernie sanders, the massive. Taxpayer. Bailout, of badly run blue states we talked about that's one of the things they're looking to do, measures, designed to increase voter fraud. Banning voter id they want to ban voter id we should have voter id in every state every state should have voter id. You have id on everything you do practically. Everybody has voter id if, everybody, has id. Except for voters. When you vote you don't want id, they don't want we have some states with it it works out great. And if you want to stop fraud and elections, have voter id, they want. Measures, designed to increase, voter fraud which is banning voter id in all states. And banning requirements. For signature, verification. In federal elections, now, why would they want. In this bill. Which really has nothing to do with what we're talking about. Stimulus. Something, banning voter id. In every single state they want to ban it including states where we already have it because we have some states where we have it. Indiana, and others, that do very well. Why would they want to ban voter id in all states. And why would they want. To ban, requirements. For signature, verification. In federal election. Who would want. A bill. Banning. Signature, verification. What's that all about. You know what it's about fraud. That's what they want, fraud. They want to try and steal this election. Because frankly it's the only way they can win the election. The bill also requires, all states to do universal. Mail-in. Balloting. Which. Nobody, is. Nobody's, prepared, for, regardless, of whether or not they have the infrastructure. They want to. Steal an election that's all this is all about they want to steal the election. So, in the bill they have a bill that requires. All states to do universal. Mail-in, balloting. Regardless. Of whether or not, they have the infrastructure. Like in nevada, it's such a disaster. Their infrastructure, is a total, disaster. They don't want to have signature, verification. They don't want to have. Any of the safeguards, that you need. And. They don't want to have, safeguards. That are so common and so basic, and even other states that, we disagree, with have. This nevada, thing is a mess but we'll see how the courts determine, what the court's determined. But uh they certainly don't have the infrastructure. In nevada, so we'll see how it is as you know we brought suit last week. And we'll see how that all works out i think we're going to win it. But basically, what they're trying to do with. All of these requirements. Including, no signature, verification. They're trying to steal an election. And i was in ohio, i was in texas, i was in florida, over the last four or five days and, if you would see the crowds, along. The highways, and the roadways. People have said they've never seen anything like it. And they haven't seen anything like it and the press doesn't report it, because they're fake news. They even want to force states, to implement, the controversial. Practice, known as ballot harvesting, very dangerous, practice. Meaning they would allow democrat, party operatives, to deposit. Thousands. And thousands, of completed, ballots. At the post office without any verification. Of who filled them out. Including, a verification. Of, signatures. On the ballot so you're not even going to have a verified, signature, anybody, i could sign it you could sign it anybody in this room could sign it. And that's going to count as a vote. How can you do a thing like this. So this is what they're asking for this is what nancy pelosi. And crying, chuck schumer are asking, for. Okay that's ridiculous. It's horrible, it's a horrible thing. The democrat, bill includes stimulus, checks. For illegal, aliens. So if you were able to get into their country illegally, and our borders.
As You know. Doing. Very well right now we have a very strong border and the wall is up to 276. Miles. And we'll be completed, with it. Around the end of the year. We're going to do some extra mileage, in certain areas that people didn't realize. Were so bad. So we'll be completed, with it, right after we're going to do the additional, mileage we'll do it probably a little bit after the year. I think from what i've, heard. Joe biden sleepy joe wants to rip the wall down. He wants people to pour into our country they want to have open borders we don't want to have open borders. So the democrat, bill includes stimulus, checks for illegal aliens, they require, the mass release of illegal, aliens, from, detention. They also compel the mass release. Of inmates. Including, serious, felons. How do you like that one. And this is in. The bill that we're talking about what does this have to do with stimulus, the economy. What does this have to do with the coronavirus. Another name, what does this have to do with this. So think of that they. Required the mass release of illegal aliens from detention. What does this have to do with what we're trying to do, they want to put this and this is a radical, left policy, so they could go to portland, and try and, rip the place apart that they've been doing for many years and, they've been doing for. Years and years. They also. Compel the mass release of inmates what does this have to do with what we're talking about, this is nancy pelosi, crazy nancy. And chuck schumer. They want to. Compel, you to do this stuff, and this has nothing to do with what, we're talking about, and, it includes. Serious, felons. They want to have these people. Released, on a mass basis, including, serious, felons. That's page. 1689. Page. 1762.. Think of that. 1762. And that's nowhere near the end of their bill. They have things in there that nobody has even had the time to look at or read. These people. I don't i honestly don't believe they love our country, you want to know the truth. In addition, to demanding, these extreme, partisan, provisions, democrats, are actively, blocking. The following, measures. Support, for k-12. Schools to help them safely, open. Additional, funding, for the paycheck, protection, program. To help millions, of workers, on the payroll. This is a great program. Very successful, kept a lot of businesses, open that's why we're doing so well in reopening, our country. Additional, money for hospitals. Testing, and vaccines. Direct, payments, of three thousand four hundred dollars for a family of four. Now remember, this is what. The extreme, partisans, this we got we have to this is what we're talking about, democrats. Are actively, blocking. The things that we want. And what we want is good for people those these are things that they're blocking. Support for k-12, schools. So they can open. Think of that. Also direct payments, of the three thousand. Four hundred dollars, for a family of four plus. Then funding, for, child care and mental health care. And you need that especially, when you have so much of a lockdown. You need that mental, health care funding, for broadband. Airports, and agriculture. Rental, assistance. And support for community, banks and credit unions to help them provide. 100, billion dollars in loans to the hardest. Hit communities. Including, rural, communities, and farmers, they don't want anybody to get that. Democrats. Are obstructing. All of it therefore, i'm, taking, executive, action, we've had it. And we're going to save american, jobs and provide.
Relief To the american, workers that i'll be signing. These bills in a very short period of time. First one is on providing, a payroll, tax holiday. To americans, earning less than. One hundred thousand dollars per year in a few, moments, i will sign. A directive, instructing, the treasury, department to allow, employers, to defer, payment. Of the employee. Portion, of certain payroll taxes. From september, 1st. And we're actually going to be making that we just got the word we're just. Getting some uh, word from a lot of people we didn't think we'd have to do this because we thought the democrats, would be reasonable but they've been. Not, only. Unreasonable. They've been ridiculous. So we're going to make that august, first, most likely it'll be august, 1st. We'll let you know the exact date but we're looking like august 1st. So it'll be august 1st through the end of 2020. This will mean bigger paychecks, for working families, as we race to produce, a vaccine. And eradicate, the china virus, once and for all. And, we're doing very good with the numbers you see it's going down in, arizona, very very substantially. And rapidly, going down in california. Going down in texas going down in florida. Other areas, are. Propping, up a little bit, but we're watching them very closely, we understand, the disease that we're watching them very closely, especially our senior citizens, and our, senior citizens. Residences. If i'm victorious. On november, 3rd i plan to forgive these taxes, and make permanent, cuts. To the payroll, tax i'm going to make them all permanent. Now. Joe biden and the democrats. May not want that they don't want that because they're adding three trillion dollars in taxes. So they'll have the option of raising, everybody's, taxes, and taking this away. But if i win, uh i may extend. And terminate. In other words i'll extend it beyond the end of the year and terminate, the tax. And so we'll see what happens. Biden. Probably, won't be doing that you'll have to ask him i don't think he knows. What is that. Second i'm signing an executive, order directing, the department, of housing, and urban development, hhs. And cdc. To make sure, renters, and homeowners, can stay, in their homes. So i'm protecting, people from eviction. Yet you've been hearing a lot about eviction, and, the democrats, don't want to do anything, having to do with protecting, people from eviction, i said let's do that separately.
That Could be a totally separate. Thing. From. Passing along, money so people can live. And, they didn't even want to protect people from eviction. So. They would get evicted it's not their fault. That, this virus. Came into our, country, it's china's fault and came into the world by the way a lot of the people. A lot of the states. That. Were doing the best are having some problems, a lot of the states that we weren't thinking, were doing the best are doing very, well. You look at some of the countries, involved some of the countries that were really standing out as examples, are now. Uh, exploding. But they'll get it down they understand, it we're dealing with them we're dealing with a lot of countries we're providing, thousands, and thousands of ventilators, all over the world right now. We make a lot of ventilators, we've started off with very little and we're making a lot. And we have thousands, in our stockpile, but we're making thousands, a month. And we're providing. Many of them, thousands, and thousands, to other countries that would never be able to get them. The department of housing and urban, development, will also provide financial, assistance, to struggling, renters. And homeowners, and work with landlords, and lenders to keep americans. Safely, in their homes so we don't want. People being evicted. And, the bill. The act that i'm signing will. Solve that problem. Largely, hopefully. Completely. The third action, i'm taking today will also provide additional, support for americans. Who are, unemployed. Due to the china virus. Under the cares act i proudly, signed expanded, unemployment, benefits, into law congressional, democrats, have stonewalled. Our efforts to extend this relief. They even opposed, measures, that would give, bonuses, to workers. Returning, to the job. They were totally opposed to that for this reason i'm taking action to provide, an additional. Or an extra. Four hundred dollars per week in expanded, benefits. Four hundred, dollars, okay. So that's generous but we want to take care of our people again it wasn't their fault it was china's, fault. States will be asked to cover 25, percent of the costs using existing, funding. Such as the tens of billions of dollars, available, to them, through the coronavirus. Relief fund. Under this plan, states will be able to offer greater benefits, if they so choose. And the federal government, will cover 75, percent of the cost. So we're all set up it's 400, dollars, per week. And we're doing that without the democrats. We should have been able to do it very easily with them but they want all of these additional, things that have nothing to do with helping. People. Fourth i'm signing a directive, providing, relief, to. Student loan borrowers, earlier this year we slash student loan interest rates to zero i don't know if people know that because, the press doesn't ever report it but, maybe they're watching, now. The press doesn't report a lot of good things that are good for the people and good for the country. Earlier this year we slashed student loans. Interest rates to zero percent, and suspended, student loan payments, and congress. Extended, that policy, through september, 30th. Today i'm extending, this policy, through, the end of the year and we'll, extend it further than that most likely. Uh right after. Uh. December, 1st so we we look like we're going to be extending, that to paying zero interest. And again not their fault that their colleges, are closed down and not their fault that, they're unable, to get what they bargained, for. Through these, four actions, my administration.
Will Provide, immediate, and vital relief to americans, struggling, in this difficult, time. And the beautiful thing about this difficult, time is we're now coming back and setting records. We'll also ensure that our economic, comeback continues. Full speed ahead. And, with the 400. And all of the other measures that we're talking about we'll be signing in a little while. That will happen. We're further looking at additional, tax cuts including, income, tax. Relief. Income tax cuts and capital, gains, tax cuts so we're going to be looking at that capital, gains. For, the purpose, of creating, jobs. And income tax is, self-explanatory. And it'll be income tax for. Middle-income. And lower-income. People but middle-income. People. Because they pay a lot of income tax and, you do have tax, inequality. I'm saying that as a republican. And you do have tax, inequality. So we're going to be looking at income, tax, and we're going to be looking at capital gains tax cuts, on both and maybe substantial. And we'll be reporting, back fairly shortly, on that that's uh. Big, news, it's big news but very important. We want to have our. Jobs flourish, we want to have our companies, do great we want to have the 401ks. Which are. Now at a level if you look at the stock market, it's great if you have stocks, in nasdaq, you're higher than you ever were including, even this is. Still during the pandemic. The stock market because they see such. Incredible, things happening. Smart people. The stock market is at almost, an all-time high we're just short of it and nasdaq, is higher than it ever was. It's broken the record, 14, times. In the last couple of months. So uh. 401ks. Are doing fantastically. I hope you kept your stocks i hope you didn't sell i hope you had confidence. In your president, and confidence, that your president was going to be reelected.
And I will tell you this. That. The biggest tailwind, the biggest. Problem, that we have. With respect, to. The stock market. Which is not. Much of a problem because it's doing so well but it would be actually much higher. Is the possibility. That these radical, left democrats. Could win. And if they win. We're gonna have a crash. We're gonna have a terrible, problem. Because they're gonna raise taxes, three trillion dollars worth of taxes. And that's going to affect everybody, from middle income to upper income to jobs to companies. Your 401ks. Will go down like a rock. Your stocks will go down like a rock you know don't forget these big companies. You have stocks, in these companies, you know you own stocks. And they have millions, and millions of shareholders. And, whether it's pension, funds or anybody, else you all have stocks so they're big companies, but, a lot of people own that stock and uh. We want to keep it going. But we do have i guess you could say not a tail when it's a headwind, i guess would be a better description, but it is it's a headwind. And when you think of it, uh. That's in my opinion, it would be much higher but. You look at what they want to do they want to. Raise everybody's, taxes, everybody. And they want to do the green new deal which will decimate, our, country and decimate, it's ridiculous, too it's childish. I actually say the green new deal is childish. It's for children. It's not for adults. Anybody, that believes, in that is. I don't know maybe it's politics, i don't even think it's good politics, they seem to think so we'll see how they do. But i don't think it's good politics, that it'll decimate, our economy. We've learned a great deal about this, virus, and how to treat it our strategy, is to aggressively, shield those at the greatest risk while allowing, younger and healthier, citizens, to. Safely, resume, work in school i notice that some of the. Democrats. That i would say are very. Strongly, on the left. Are now coming out and saying we really have to open our schools for the good of the economy, i was shocked to see a couple of them you know who they are. We urge all americans, to socially, distance, and. Avoid, large, crowds, and all of the things that we talk about all the time. We have to uh. We have to go and make sure that everything's, in good shape we really are we're we're coming back very very strong. We're doing very well with the virus, because all of those states that everybody thought would be in a bad position, for a long time. They're all coming down, governors, have done a great job. Don't forget we're dealing with governors, some have done a fantastic. Job all have worked hard. Some have done a much better job than others and someday if you'd like to know i'll give you the good ones and the bad ones we'll give you some good ones and some bad ones. But by contrast, the never-ending, lockdown, being, proposed, by some. Mostly. I guess you could almost say almost, all in the democrat, party. Would inflict, unimaginable. Harm to our people and to our health for decades, to come. It'll, hurt our economy, and they view that as a good thing they actually view that as a good thing because they're interested, in one date november, 3rd. And i actually think it's bad politics, and i think they're starting to come along because i'm seeing more and more people. Want to open up. And you see the devastating. Results, of lockdowns, too. You know you have. Depression, and suicide. And drugs, and alcohol. And. Bad marriages, marriages, that were very good turn out to be very bad. It's an amazing, thing and it's, who would think it but. People get along for 20 years i guess they didn't know each other very well and now they're not getting along. And you had the opposite, also you've had people to get along better they like each other more than they thought that's okay too. That we like, but the other situation. Is very very. Very very bad. We'll develop a vaccine, we're going to have it very soon and we're ready to distribute, it and we're. We've got the military, ready, logistics. It's called. And we'll end this pandemic, and we will rebuild, the greatest, economy, in the history of the world. You know we created the greatest economy, in the history of the world the highest stock market. Ever. And we're very close to getting that back, that i have to say is way ahead of schedule.
Highest Stock market ever best, employment, numbers for african, americans. Asian americans, hispanic, americans. And by the way hispanic, americans. Just set a record for new jobs. African, americans, just set a record for new jobs just now during the pandemic, the last month. And asian americans, just set a record for new jobs. So we're very proud of what's happening, and. I will now sign the executive, action, and then if you want we can ask. A few questions, okay, kelly yeah let me do this first and then you can do some questions thank. You. Okay, so this is for, the authorization. Of other needs and assistance, program major disasters, declaration, related, to the. Coronavirus. Disease. Okay. So this is. Authority, invested, in me. This is the, payment. Relief, during the covet 19, pandemic. This is fighting the spread of the covet, 19. By providing, assistance. To renters, and homeowners, with doing. Persistence. And this is uh. Deferral, payroll. Tax. Obligations, so this is your payroll tax obligations, which we're going to, end up terminating. Eventually. Right. How many how many pictures can you take over this. I mean you're taking hundreds, of pictures what are you doing. Okay. I will i will, so uh. That's the story, would anybody like a pen. Would anybody, like a pack. Why don't we hand these we'll hand these out to you in the back okay. Yes please yes can we start with the 400. Sir. So just want to get your reaction so. You're saying the states will have to cover some of this cost sir, which governors have told you that which governors have told you that they would sign on well if they don't they don't that's up to them but if they don't they don't that's going to be their problem, i don't think their people will be too happy. They have the money. So i don't think their people will be too happy, but if they don't they don't but, again the states have the money it's sitting there, all right kelly. Sir why did you decide on 400. When previously, families were receiving, 600. That will be a hardship, for many what do you say to them well no it's not a hardship, this is the money that they need this is the money they want and this gives them a great incentive, to go back to work so this was much more than was originally, agreed. The 600, was a number that was, there. And as you know there were dif there was difficulty, with the 600, number because it really was a disincentive. Yeah go ahead please. Sir the payroll tax. Cut, was opposed by both parties, on on capitol, hill can you give your rationale as to why you think that's so important particularly since it doesn't help americans. Who currently don't have jobs it helps. People, greatly. It helps our country, get back. And, anybody, that would say. Anything different i think is very foolish. Everybody, wanted it by the way the democrats, want it. The republicans, want it they just couldn't get it they just couldn't come to an agreement but everybody, wants it, and, the, very important thing is the people want it and the people need it actually. Mr president you said that uh, this will pretty much take care of the entire situation. But as you said there's not money for reopening, schools. Other important items. Is your administration, willing to go back to democrats, to try to actually negotiate well the answer is yes but we have money to do other things so we have a lot of money that was unspent, and we'll be able to do things with the money that was unspent, we have significant, money that was unspent. And we will be able to use that for different purposes, go ahead. Mr president, when, when will this relief get in the hands, of americans, that need it what date, we think it's going to be very rapid, we want it to be very rapid, it's going to be distributed.
In A way that, whichever, the fastest, way there are various, methods, and, it will be rapidly, distributed. Legal challenges, with this right i didn't say that no no i didn't say that yesterday, you said that you were expecting. I said, i what i said is people can do whatever they want i guess maybe they'll bring legal actions maybe they won't but they won't win, they won't win legal action is brought against you on this why not just work with congress, on this deal well i'm not saying they're not going to come back and negotiate, they might very well come back and negotiate. An executive order today and americans want to know when they're going to see this relief, very soon they're going to see it very soon look it's there it is right there, excuse me excuse me. There it is right there go ahead mr president, though this is expected to be tied up in the court so this relief is either going to be delayed or blocked. So i think this is going to go very rapidly, through the courts. This will go very if, we get sued maybe we won't get sued. If we get sued. It's somebody that doesn't want people to get money. Okay and that's not going to be a very popular, thing go around congress are you trying to set a new precedent. That the president can go around congress and decide however, you hear the word obstruction. They've obstructed. Congress, has obstructed. The democrats, have obstructed. People from getting desperately, needed money go ahead please, right here. Why do you keep saying that. Thank you very much everybody, thank you very much.