he may not sign the stimulus package if it didn't contain the tax break. He expressed support for it on Monday as well.
"It's been proven to be successful and it's a big saving for the people" Trump said, calling it "very important" to him. Yet Democrats roundly oppose it, along with numerous Republicans.are the 7.65% of earnings taken out of employee paychecks and another 7.65% that's levied on employers to fund the Social Security and Medicare trust funds.
The idea is to put more money into people's pockets to increase their spending during downturns. Yet Seth Hanlon, a senior fellow at the liberal Center for American Progress,a payroll tax cut wouldn't benefit the nearly 20 million jobless Americans since they are no longer drawing paychecks. He also said the tax break would disproportionately favor wealthier people. "It's a policy that's designed to benefit people who are working, it benefits people who are earning more and it doesn't do anything for people out of work," Hanlon said.
bottomupeconomics
No! Cut the payroll tax permanently!!!
Do you see any other countries replicating what Americans are doing? No. They're succeeding, while we've become a banana republic
Yea since so many people are out of a job, a payroll tax holiday wouldn’t help people without a job.
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