Trump is interested in a temporary cut to payroll taxes that support Social Security and Medicare. I am concerned that Republicans would use the reduced solvency of the programs as an excuse to cut benefits. Every problem cannot be solved with a tax cut!
Trump's radical plan to waive payroll tax would punch a hole in Social Security and Medicare budgets https://t.co/vobYq2dirB pic.twitter.com/y1lBdyYwvQ
— Reuters (@Reuters) March 11, 2020
BREAKING: Some Senate Republicans express openness to quickly passing House Dems coronavirus bill, depending on what is in the final passage. Momentum has moved away from Trump payroll tax push and toward focus on paid family leave. https://t.co/OSE1sgsALH
— Damian Paletta (@damianpaletta) March 11, 2020
Trump says he’s going to propose a payroll tax cut to help hourly workers deal with coronavirus. So, they’ll pay a smaller % of taxes on the $0 they’ll earn when they’re out sick? Trump has zero idea how real jobs work because he’s never done one.
— Bette Midler (@BetteMidler) March 10, 2020
you can’t cut taxes that are not paid
many people would not benefit from this cut
JUST IN: Trump pitched 0% payroll tax rate for the rest of this year, White House officials say.https://t.co/GB6rQdyANL
— CNBC Now (@CNBCnow) March 10, 2020
Michael Strain and Jason Furman agree: Don’t cut the payroll tax. Just send people money https://t.co/T1cfzqR3hp
— David Wessel (@davidmwessel) March 11, 2020
Trump's move to halt the payroll tax is to starve Social Security and Medicare (which payroll taxes fund) to move forward his agenda to cut Social Security and Medicare.
— Cheri Jacobus (@CheriJacobus) March 11, 2020
As a negotiator on Obama/Biden payroll tax cut, I want to second @jasonfurman @paulkrugman The 2011-2012 payroll tax cut was positive because this $240 billion in additional stimulus was best we could get w/GOP House resistance – NOT because it was the best or most fair design.
— Gene Sperling (@genebsperling) March 10, 2020
Scoop: Trump told Republican senators in private lunch that he wants a payroll tax holiday *through the November election,* sources tell me. He doesn’t want taxes to go back up before voters decide whether to return him to office. Story out soon.
— Jennifer Jacobs (@JenniferJJacobs) March 10, 2020
Two-thirds of Trump’s payroll tax cut would go to the richest 20% of Americans, with the poorest 40% getting only 6% of the benefit, writes columnist @hiltzikm. https://t.co/SzrWKZyD5e
— Los Angeles Times (@latimes) March 18, 2020
Sad! 