Trump told R senators in private lunch he wants a payroll tax holiday *through the Nov election*!!

[MelissaB]

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.

Link to tweet

[Javaman]

1. and if he doesn't get reelected, the Dem president will be left holding the bag. nt

[bronxiteforever]

2. +1

[Pacifist Patriot]

5. +100

[Roland99]

3. But taxpayers will still owe it back April 15 2021

All he cares about is perception of the markets

Doesn’t give one shit about people’s lives and livelihoods

[TDale313]

7. Bingo.

They aren’t gonna cut tax rates, just deduct less and settle up on tax day.

[librechik]

8. absolutely true. But try telling a Bush voter that at the time!

[onenote]

10. Not necessarily

That isn't how the payroll tax cut in 2011-2012 worked.

The idea of having them in place through the elections is not new: the 2011-2012 cuts were allowed to stay in place through the end of 2012 (past the 2012 election) and only expired starting in January 2013.

[Pacifist Patriot]

4. Anyone who thinks a payroll tax holiday would inspire companies to use it to provide...

paid leave and healthcare benefits in response to the pandemic...I have some ocean front property in Kansas for sale.

[exboyfil]

6. Kind of like George Bush

We were attacked by Saudi terrorists located in Afghanistan.

Let's attack Iraq.


The payroll tax Holiday was already on the drawing board. Now use it for something totally unrelated and of limited usefulness. Never let a crisis go to waste. It is pathetic that he specified it through the election - no justification for that time frame other than the election. In its way that is just as bad as soliciting/threatening Ukraine for dirt on his political opponent.

Bloomberg gear up the attack ads.

[honest.abe]

9. Does that mean he is going to change the tax tables?

[Coventina]

11. This also robs SS & Medicare.

[Captain Zero]

12. quid pro quo, and he DEFUNDS SOCIAL SECURITY in the process

nice.

Wedges working population against the seniors if the Dems talk about reinstating it or if the House refuses to go along.
Of course all speding and tax bills originate in the House, so they could send this to the Senate asa bone in a huge bill of things we want like putting the payroll tax on the rich. Make them pay it on incomes above 250k for the duration of the time it is suspended on working people.

[PoindexterOglethorpe]

13. And then he will be able to

legitimately claim that SS and Medicare don't have enough money and can seriously defund them.