White House is not considering payroll tax cut

White House is not considering payroll tax cut

A Washington Post report cited sources at the White House saying the administration was considering a temporary cut to the 6.2% tax to prevent a slowdown. In response, The White House said on Monday that it is not considering an emergency payroll tax cut like the one that Barack Obama instituted in the 2008 financial crisis.

Chris
Chris
Watheverable GRAMPS
Watheverable GRAMPS 5 months

Democrats on their hands and knees, praying to Satan for a recession so they can blame it on Trump.

F T
F T 5 months

Why?! How about giving tax cuts to actual working people? The taxes are already low for the capital gains earners. Any of you Trumpeteers still think his working for you?

AY-MO
AY-MO 5 months

The payroll tax cut would be a huge boneheaded move. It would put a whopping $2.73 a day into the hands of someone making $50,000 a year, that won't even buy you a large coffee, depending on where you live it might buy a whole gallon of gas. It will put more strain on Social Security funding, Medicare and Medicaid and it would increase the defect which is already exploding under Trump and Republican rule.

Oliver Biscuit
Oliver Biscuit 5 months

Reduced taxes almost always helps. Do it up :) a rising tide floats all boats

iknowalittle
iknowalittle 5 months

giving rich people a capital gains tax break doesn't help my business sell more. i need ordinary people with disposable income. the people paying capital gsins tax already have enough to buy coffee... gd try though..... useless

Kyle G
Kyle G 5 months

How about doing away with income tax altogether...and just abolish the Fed and the IRS while we are at it? I guess that would just make to much sense though...go back to watching “keeping up with the Kardashian’s” sheeple.

John Wilson
John Wilson 5 months

payroll taxes also include social security taxes, which they have raised over the years. many paid very little but receive a large check and are living longer than expected. http://www.milefoot.com/math/businessmath/taxes/fica.htm

John Wilson
John Wilson 5 months

the total payroll tax is 7.65% the employer pays an matching amount. self employed pays both. 50,000 would be about $10 a day. the problem is even if you make only $10,000 a year you pay $700.00 a year.

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