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The trump administration is reportedly considering a payroll tax cut as a way to boost the economy and stave off a possible recession.
Trump payroll tax cut details. As washington tries to figure out ways to mitigate the threats the coronavirus poses to the us economy president donald trump has said he might back a payroll tax cut for workers. Trump proposes eliminating payroll tax through the end of the year the president s preferred timeline would ensure that the tax cut lasts through the entirety of his re election campaign. Trump has apparently kicked around the idea of.
According to trump however any new relief package needs to include a provision to allow workers to save 7 65 of their pay through a payroll tax cut and potentially a broader cut for employers.
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