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Trump’s Push to Cut Payroll Taxes Opens a Democratic Line of Attack

Greenbeard

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He was already hemorrhaging support among older voters due to his botched pandemic response, now Trump is messing with Social Security. Interesting strategy.

Trump’s Push to Cut Payroll Taxes Opens a Democratic Line of Attack
WASHINGTON — When President Trump announced that he was unilaterally deferring payroll taxes to bring economic relief to struggling Americans, he and his aides thought it would allow them to frame him as pro-worker.

But the move comes with political risks. Eliminating the payroll tax could jeopardize the funding stream for Social Security, which is one of the government’s most popular programs, providing benefits to about 65 million people.

The president has given Democrats an opening to raise Social Security cuts as an issue in the final months of an election in which his support among older voters already appears to be shaky.
 

mrjurrs

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Abbazorkzog

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Does anyone still give a **** about Trump anymore? Lmao. Another cog in the machine, nothing more. A mere symptom of the rot contaminating this failed police state.
 

bluesmoke

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He was already hemorrhaging support among older voters due to his botched pandemic response, now Trump is messing with Social Security. Interesting strategy.

Trump’s Push to Cut Payroll Taxes Opens a Democratic Line of Attack



Regardless of the fact that it puts SS and Medicare funding in jeopardy, it doesn't do any good to those in this econo-pandemic crisis that need it the most considering it only applies to people who have jobs and thus income. They don't need it like the 18 million who are out of work (according to the Labor Dept). And, it also gives higher income earners a break who MOST CERTAINLY don't need it. Bad idea. Bad policy. Bad economics. Bad for those most in need at a time when they are the ones who should be in mind.
 

Drawdown

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Mr Person

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There's no way the payroll thing is in good faith. The only point can be to deliberately undermine SS and Medicare via attack on revenue feeding them.

The reason is simple: people who still have jobs are not the ones who need help. It's the people who do not have jobs that need it, the people who might lose an apartment or house, the people who might miss car payments, get their car repossessed, and then they can't get to their job, so on and so forth. We need to prevent a snowball because not doing so will be far more expensive in the long run, no matter what anyone thinks about deficit spending.



But the payroll tax deferment? Deficit spending to help people who don't need it, and it won't matter because the bill will become due anyway.

Making it a permanent tax cut if re-elected? Death knell of SS/Medicare.

But hey, Trump is the failed businessman who bankrupted multiple casinos and can't even get a loan from a U.S. bank. What does he care about borrowing against your children and grandchildren?





Trumpism: the ugliness is the point.
 

Greenbeard

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There's no way the payroll thing is in good faith. The only point can be to deliberately undermine SS and Medicare via attack on revenue feeding them.

I mean, he keeps saying the quiet part out loud. He's been clear that the goal of this move is to ultimately terminate funding for Social Security permanently.

Mr. Trump did not help matters with his imprecise explanation of what, exactly, he wanted to do with the payroll tax, which he suggested on Saturday he wanted to “terminate.” Social Security is mostly funded by payroll taxes, and getting rid of them would be a drastic change to the federal government’s revenue streams.

Larry Kudlow, Mr. Trump’s top economic adviser, said on Sunday that the president was referring to forgiving the payroll taxes that are deferred, explaining, “He did not mean that he’s eliminating the Social Security tax.” But on Monday, Mr. Trump used similar language, saying that if he wins re-election, “we will be ending that tax; we’ll be terminating that tax.”
 

CaughtInThe

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there is a shed. there are sharp tools.


the white house isn't that shed.
 
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