- I don’t think he can do it without Congress
- Both Republicans and Democrats didn’t support it
- It only helps people who are working, not the large amount of unemployed people
- It would accelerate the financial problem timetable for Social Security since the payroll tax is how it’s funded
“I think what he was saying is that the deferral of the payroll tax to the end of the year will be made permanent…the tax is not going away," WH economic adviser Larry Kudlow says Pres. Trump’s promise to cut payroll taxes permanently will not impact Social Security or Medicare. pic.twitter.com/p9yCo9tR2v
— CNN Politics (@CNNPolitics) August 9, 2020
Trump promises permanent cut to payroll tax funding Social Security and Medicare if he’s re-elected, via @TonyRomm https://t.co/70SQyyUb2v
— Ken Thomas (@KThomasDC) August 8, 2020
“The Democrats want it…everybody wants it,” Trump falsely says of a payroll tax cut.
— Daniel Dale (@ddale8) August 8, 2020
Trump says he’ll make payroll tax cut permanent if he becomes president, an idea that has drawn criticism from both parties over concerns about its impact on the Social Security trust fund
— Manu Raju (@mkraju) August 8, 2020
Trump says, if there is no deal, he'll act under his own authority to defer the payroll tax "for a period of months, til the end of the year," "and it'll be retroactive to July 1," and might extend it past the end of the year.
— Daniel Dale (@ddale8) August 7, 2020
The durability of Stephen Moore as the GOP's go-to guy on economics tells you something about the party. I don't think he's ever gotten anything — factual, legal, analytic — right 1/ https://t.co/rv2D3dMvwg
— Paul Krugman (@paulkrugman) August 3, 2020
President Trump is pushing Congress to include a payroll tax cut in the next economic relief package.
— CNN (@CNN) July 21, 2020
Such cuts have had mixed results in the past, and some economists argue that it's not the best way to boost the economy right now. Here's what to know: https://t.co/rAdt1Frgto
The Trump administration wants a payroll tax cut. Experts question whether it could work https://t.co/w0r9bRICUq
— CNBC (@CNBC) June 5, 2020
Trump’s payroll tax holiday pauses payroll taxes but does not end them permanently. This executive action by itself doesn’t cripple either Social Security or Medicare, but it does increase the pressure on huge programs already under financial stress. https://t.co/yCpEPEpvyb pic.twitter.com/doeT6r7Nvk
— PolitiFact (@PolitiFact) August 11, 2020
Sad! 