Trump Payroll Tax Cut Plan
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If trump were successful in making the payroll tax cuts permanent he would hope to fund social security and medicare from general revenue a republican source says.
Trump payroll tax cut plan. Trump s payroll tax cut plan proves a hard sell much of a payroll tax cut would go to people whose jobs incomes aren t in jeopardy because of the coronavirus pandemic. The most obvious problem is that it simply helps the wrong workers. The problem with trump s plan.
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. If you want to boost the economy right now a payroll tax cut is simply a suboptimal way to do it.
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