Trump administration coronavirus aid tax cuts help rich Americans, not workers - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Opinion | The Trump administration is trying to shove a bunch of worthless tax cuts for rich people into the next coronavirus aid bill. By lopezlinette

It's not hard to see why. A waiver exempting business owners from liability for workers who get COVID on the job could prompt business owners to send workers back to worker earlier than they should. Or it could make them lax about cleanliness and adherence to social distancing. Some of those measures will need to stay in place until there's a coronavirus vaccine.

Then there's a cut to the Social Security payroll tax, which takes about 6.2% out of every worker's paycheck. Thecrunched the numbers for a 2% tax cut there and found nearly half the benefits would go to the richest 20% of taxpayers. After that whole clown show we get a bill both parties can sort of live with. The grandstanders grandstand, but the bill passes. This is what happened last month with phase three. It was a waste of our time then, and it's a waste of our time now.

Rather than — for example — letting the mostly-wealthy people who buy stocks and bonds to hold on to their money, now we need the government to send money directly to people who've been adversely impacted by this crisis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

lopezlinette It’s impossible to show coronavirus is resultant from employment. The exposure is not unique to employment and there’s no way an employer can know if the employee was exposed at work or elsewhere. If they don’t include this exemption, workers compensation insurance will cease to

lopezlinette MichaelJordaan your thoughts?

lopezlinette Will Trump Bails Himself Out Again? Overlooked Provision In Stimulus Bill Affords $170 Billion In Real Estate Tax Breaks

lopezlinette Will Trump will Bail Himself Out Again? Overlooked Provision In Stimulus Bill Affords $170 Billion In Real Estate Tax Breaks

lopezlinette Guess the bill is going to get blocked, is that why the stock market fell back from high today!? Dow

lopezlinette Even this is only about the rich gedding richer and the poor gedding poorer. Sad. Im going to vomit.

lopezlinette Has anyone looked at how our economy would be without rich people & corporations (I’m neither btw)? I think you would find we would not be a world power & would be in dire circumstances.

lopezlinette Why are we surprised when he clearly stated that preferential treatment has “been the story of life” inequality notfair thestoryoflife trump keepingtherichricher

lopezlinette

lopezlinette Having already gutted the environment. And dismantled much of the governmental structure.

lopezlinette They need Dem votes. No capital gains tax cut without national vote by mail.

lopezlinette That one should be on Comedy Central

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump strikes deal with 3M to import 55 million N95 masks a month - Business Insider'The 3M saga ends very happily': Trump strikes deal with 3M to import 55 million N95 masks per month Good realDonlcdTrump How much $ is he making ? I don’t trust him . He does things only if it benefits him. He does not think of anyone else 😳realDonaldTrump Import from where?
Source: BusinessInsider - 🏆 729. / 51 Read more »