Trump has repeatedly threatened to circumvent Congress and enact a payroll tax cut on his own.
"Knowing that, employers would be taking an enormous risk if they don't withhold the tax they're legally liable for," said Seth Hanlon, a tax expert.Over the past week, President Donald Trump has repeatedly threatened to wield executive power and implement an array of stimulus measures.that he had "instructed" his staff to continue working on an executive order to enact a payroll tax cut, in addition to others such as enhanced unemployment insurance.
As a result, even with an executive order suspending payroll taxes, companies are still required to make those payments in the future — unless Congress passes legislation letting employers off the hook.
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:
I don't even think he can do that, constitutionally.
That just cuts social security.
Trump
What paycheck?
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.
Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Meghan Markle and Prince Harry's new life in Los Angeles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Harry has rejected the traditional role of Court Buffoon which the courtiers and press have forced onto “spares” in the past. William will have to earn his respect without a manufactured “foil”. And who cares? We're so beyond, 'lifestyles of the rich and kinda famous.'
Source: BusinessInsider - 🏆 729. / 51 Read more »
TikTok threatens to sue Trump administration over executive order - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. SAI tell TikTok to F-Off , The American Economy is in Ruins Plus the Deaths of people because of a Covid spread from either China / Europe , & while everyone is in a $Hit Storm TikTok prances like a parade , Fawk TikTok F- everyone thats working for that crooked A$$ company . Yet another step toward totalitarianism... chenweihua Very happy funeral Mr. President realDonaldTrump keep 'em good funerals of Chinese snooping Apps and companies coming. They threatened to sue India too However, to no avail. lol
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump's executive order wipes $45 billion off Tencent's market value - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. My family cussed Herbert Hoover as a child. looks like my sons and grandson will be cussing Trump after I'm dead a gone. We haven't seen nothing yet. The Great Depression in 1930 will look like child's play after Trump and the McConnell Republicans are done. Shameful and disgusting politics. Only make US Worse!
Source: BusinessInsider - 🏆 729. / 51 Read more »