Donald Trump has returned to his fixation of a payroll tax cut for
employees as part of the federal response to coronavirus, despite the
fact that it can't be any kind of stimulus when there are at a minimum 36.4 million
people in the U.S. who aren't getting a paycheck to have pay payroll
taxes not withheld from.
What a payroll tax holiday would do is harm Social Security and Medicare since those taxes are dedicated revenue for those programs, and benefit the rich.
"As he has done since the beginning of this pandemic, President Trump wants to provide relief to hardworking Americans who have been impacted by this virus and one way of doing that is with a payroll tax holiday," White House spokesman Judd Deere said in a statement. "He's called on Congress to pass this before and he believes it must be part of any phase four package."
Which is entirely bullshit. With unemployment this high and with the coronavirus pandemic still raging, a payroll tax cut will do very little to help anything, particularly stimulating the economy—what will keep everyone afloat is keeping the $600/week unemployment boost as well as another round of direct payments to everyone.
A payroll tax cut said in response to Trump's renewed demand. "Congress must not give into Trump's hostage-taking. Every Senator and Representative needs to call Trump’s bluff and work together to quickly send a COVID relief bill to Trump's desk—without including any cuts to Social Security's dedicated revenue."
Trump's ploy here could not be more transparent. Even Senate Republicans have been cool to the idea of a payroll tax cut for this economic disaster because they know it wouldn't do a damned bit of good and is bad politics. This is ALL about hurting Social Security, something Trump promised he wouldn't do. That's just another one of Trump's 20,000+ lies.
What a payroll tax holiday would do is harm Social Security and Medicare since those taxes are dedicated revenue for those programs, and benefit the rich.
"As he has done since the beginning of this pandemic, President Trump wants to provide relief to hardworking Americans who have been impacted by this virus and one way of doing that is with a payroll tax holiday," White House spokesman Judd Deere said in a statement. "He's called on Congress to pass this before and he believes it must be part of any phase four package."
Which is entirely bullshit. With unemployment this high and with the coronavirus pandemic still raging, a payroll tax cut will do very little to help anything, particularly stimulating the economy—what will keep everyone afloat is keeping the $600/week unemployment boost as well as another round of direct payments to everyone.
A payroll tax cut said in response to Trump's renewed demand. "Congress must not give into Trump's hostage-taking. Every Senator and Representative needs to call Trump’s bluff and work together to quickly send a COVID relief bill to Trump's desk—without including any cuts to Social Security's dedicated revenue."
Trump's ploy here could not be more transparent. Even Senate Republicans have been cool to the idea of a payroll tax cut for this economic disaster because they know it wouldn't do a damned bit of good and is bad politics. This is ALL about hurting Social Security, something Trump promised he wouldn't do. That's just another one of Trump's 20,000+ lies.
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