Kudlow says he believes Trump will sign payroll tax cut order

[Yo_Mama_Been_Loggin]

White House economic adviser Larry Kudlow said Friday that a draft executive order suspending the payroll tax was nearly completed and that he thinks President Trump will sign it.

"I believe he will," Kudlow said during an appearance on Fox Business when asked whether Trump would use his executive authority to cut the payroll tax. "The legal drafting is complete. We have had intense discussions about this in the last several days."

"I don't want to make a prediction; it's up to him to inform the public if he is satisfied with the work that's been done," Kudlow then added. "But we are hard into it and other areas."

Trump has repeatedly signaled this week that he is prepared to act unilaterally through executive orders on economic recovery priorities if stimulus negotiations between the White House and Congress do not progress.

https://www.msn.com/en-us/news/politics/kudlow-says-he-believes-trump-will-sign-payroll-tax-cut-order/ar-BB17Hh6c?li=BBnb7Kz

Greedy bastards want to kill Social Security.

[at140]

1. Look at who covid-19 is killing the most...

almost all on social security. Wonder if it is as devious as it appears.

[brush]

2. What a dumb move. Payroll tax cuts don't do anything for the 40 million unemployed...

who don't get paychecks.

Typical trump grandstanding and Kudlow is out there shilling for it. He's supposed to be an economic adviser so why has he not advised against this?

[underpants]

5. Pure political grandstanding

I cut your taxes!
If you WORK, you got a tax cut.

I think he Republicans May see this as their last chance to take a chunk out of Social Security for a while. Just in case November is going to be as bad as every indicator shows.

[House of Roberts]

3. Trump doesn't have this authority.

There will be lawsuits and restraining orders in every District court.

[Cicada]

4. It will give almost every employee a 7% pay hike

A dollar given to an unemployed person gets spent, all of it. Then the recipient of the spending also spends. So one buck creates two bucks of economic activity, roughly, per economists. But an already working person keeps maybe 60% in the bank, unspent. So the bang for the buck is much lower with the payroll tax cut.

But it will help the economy too I guess.

[Midnight Writer]

6. This is designed to enrich the employers, rather than the employees.