at a press briefing yesterday.
"I signed directives to give a payroll tax holiday with the understanding that after the election, on the assumption that it would be victorious for an administration that's done a great job, we will be ending that tax, will be terminating that tax." Whether the president understands this or not, payroll taxes finance the Social Security system and Medicare. To"terminate" this tax would not only cost hundreds of billions of dollars -- at a time when the deficit is already enormous -- it would also strip Social Security and Medicare of their vital revenue streams.
What's more, he's doing this during an election season, in which he's already losing, all while targeting a relatively obscure tax that most Americans barely acknowledge, much less expect to see"terminated." It's rare to see a proposal in which the policy implications and the political implications of the same idea are equally ridiculous.
MaddowBlog No he doesn't
MaddowBlog
AnklezTwisted MaddowBlog realDonaldTrump Trumpsters, your president is ending the revenue source for your social security! You may love Trump but obviously he doesn’t return the love! Are you still going to love your dear leader when you don’t have social security you’ve paid into all these years?
MaddowBlog Bullshit. Talk about something Twitter should censure....Maddow is it
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump weighs permanent payroll tax deferral, says it won't impact Social SecurityDefenders of Social Security were quick to criticize Trump for suspending the taxes, suggesting it was part of a broader initiative to gut the social program. Treasonous and incompetent. Demented and obese.
Source: FoxNews - 🏆 9. / 87 Read more »
Trump says he might accept GOP nomination at 'Great Battlefield of Gettysburg'Though the Battle of Gettysburg marked a turning point for Union forces, memorials to Confederate soldiers are on prominent display around the battlefield and cemetery. ABC for prison 2021 sucks!!!! Garbage You are literally doing research to find out why this location would be a negative for Trump's acceptance speech... You just can't help yourself. Amazing.
Source: ABC - 🏆 471. / 51 Read more »
Joy: Trump, who failed incredibly in so many ways, does not belong on Mt. Rushmore.JoyAnnReid: “Trump, the president who has failed incredibly in so many ways — not the least of which is his lack of a response to the greatest health crisis that the country has faced in 100 years — does not belong on Mt. Rushmore.” JoyAnnReid He doesn’t belong in the White House either. He belong at Mar Largo with his rich friends. JoyAnnReid Stop the media hyp JoyAnnReid At what point are we going to just finally decide that the POTUS has lost *all* control of this pandemic and has gone beyond failure? He's failed epically & in any other line of work/business, this type of immense failure would result in immediately removal from their position.
Source: MSNBC - 🏆 469. / 51 Read more »
States strain to carry out Trump order on unemployment aidGovernors and other state officials are scrambling to determine whether they can implement President Trump’s executive order to partly extend unemployment assistance payments to millions of Americans amid the pandemic. They can if they get their act together. Of course they don’t know how because they’re hairbrained idea. More than that it’s illegal.
Source: AP - 🏆 728. / 51 Read more »
INTERVIEW: John Bolton on Trump impeachment, 2020 election, coronavirus - 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. This... I do not know what happened between Bolton and Trump. But it must have been a serious matter that prompted Bolton to attack Trump His book was horrible
Source: BusinessInsider - 🏆 729. / 51 Read more »
Rep. Connolly: Trump 'explicit' in admission that mail-in voting is risk to his re-electionCongressman Gerry Connolly says it’s obvious why the Trump Administration is seeking to weaken the Postal Service: “We know from President Trump’s own lips that he believes voting by mail will hurt him and Republicans. He was explicit about that.” u got that right repconnely Damn shame. What country to we live it? Did some change the name? I don’t know why in the world the U.S.P.S. doesn’t get rid of the expense of walking routes. I can’t believe how many walking carriers are in my neighborhood. Wouldn’t an effective business cut those expenses?
Source: MSNBC - 🏆 469. / 51 Read more »