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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTax cut? Help me..
In a response to the virus, Trump wants to suspend payroll taxes to boost the economy.
Help me out, I do not understand how this helps people with the illness.
If you are working, you are probably feeling safe and are not ill, and are still getting your normal income.
If you are not working you are not paying payroll taxes so a tax cut helps nothing.
If you cut the payroll taxes without cutting the taxes, it will be hell to pay next April. (after the elections)
What is the theory behind the proposed Trumps tax suspension?
Who is really going to get the $800,000,000 Trump is talking about?

Maeve
(43,104 posts)And make his voters feel richer (even if they are not). And to get thru the election....
Cash back into the economy is supposed to lift it, so it doesn't crash before he can get re-selected.
Dem2
(8,178 posts)People need to be reassured that they can take off work and not lose their home. I have no idea what the fuck this is supposed to do.
StarfishSaver
(18,486 posts)Gambits like this have fooled people before into believing things are fine because they think they're making more money. But I don't think it would work this time because this has nothing to do with people's money and taking home a slightly higher paycheck won't alleviate anyone's concerns.
SunSeeker
(54,499 posts)Cutting it is like cutting Social Security. You want that?
Why can't the asshole cut you a check like he did the farmers?
BillyBobBrilliant
(805 posts)doesn't remove a workers tax burden. After the election, next April, all of that money will still be due in the amount owed to the IRS.
Freddie
(9,784 posts)When you file your 1040 it does not consider the payroll tax. But it will affect your earnings record for SS.
Im a payroll admin. Its actually pretty easy to just suspend the deduction (both sides) and reinstate it. But its an incredibly stupid idea.
Chainfire
(17,757 posts)I was thinking that maybe I inhaled one time to many in the 60s, because it just plain didn't grok.
It sounded goofy even for Trump.