By using this site you agree to the | Justin Sullivan/Getty Images. Thanks to his executive action to suspend payroll taxes, every wage and salaried worker in America with an annual income of less than $100,000 — including those who earn the minimum wage — will soon see a 6.2% raise in their paycheck from now until the end of the year. You’re  reading the Opposing View, one of two perspectives in Today’s Debate. But this won’t last forever. For middle-class workers with children, the benefit of the expanded … The average unemployment rate is hovering at 4.1%, making it the lowest it has been since December 2000. Trump’s tariff war with China has cost middle-class families $500-1000 each. It’s not paid by China and it’s not a tax on corporations, who pass it along to consumers. Trump's most lasting impact on the country will … And ideally, the labor market will continue to experience growth, which inevitably aids in low unemployment numbers. | Andrew Burton/Getty Images. | Robyn Beck/AFP/Getty Images. Privacy Notice and President Donald Trump signs executive actions at his golf resort in Bedminster, New Jersey, on Aug. 8, 2020. Subscriber Agreement & Terms of Use, What happens if I defer my student loans? Let friends in your social network know what you are reading about. All quotes are in local exchange time. Read or Share this story: https://www.usatoday.com/story/opinion/todaysdebate/2020/08/13/president-donald-trump-helping-middle-class-americans-coronavirus-editorials-debates/3371730001/, Meet Donald Trump, the incredibly shrinking president, executive action to suspend payroll taxes, give a “boost” to workers during tough times, Your California Privacy Rights/Privacy Policy. Eight years ago when Barack Obama and Joe Biden enacted a payroll tax cut, they (and Nancy Pelosi) praised this policy as the best way to give a “boost” to workers during tough times. WATCH: Top 5 moments from ‘SNL’s’ most-watched season premiere in 4 years. A link has been posted to your Facebook feed. The economy is incredibly strong right now. Working parents get some relief. The effects of the Great Recession are largely a thing of the past. And while most working- and middle-class families saw a temporary tax cut, the permanent tax cuts for corporations are paid for by permanent tax increases on the middle-class. Expansion in the child tax credit. He has told Americans that if reelected, that tax will be forgiven so workers keep the money. Belief in markets as all but infallible has been exposed as a ‘magic theory,’ the pontiff argues in ‘Brothers All’ encyclical issued on feast day of St. Francis of Assisi. Under the Trump administration, the answer is clear: the economic rules have been rewritten to enrich wealthy donors and politicians and to hurt working- and middle-class families. Intraday data delayed at least 15 minutes or per exchange requirements. For starters, the credit has doubled from $1,000 to $2,000 per child. It’s not hard to see why; the vast majority of the benefits of the legislation go to corporations and the wealthiest Americans. Kevin Hassett, the chairman of the president’s Council of Economic Advisers told NPR, “Wage growth was not as strong as we’d like to see it… We fully expect that that’s going to accelerate next year if the tax bill passes.” Now that the tax bill has passed, all Americans can hope to see wages grow. Markets only work if government sets the rules of the road, establishing property rights, providing consumer-safety protections, protecting workers, and much more. 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