Good news! If you're still getting a paycheck, it may get a bit bigger soon. Bad news: They're going to want all of that back next year.
Trump insists his goal, if he's reelected, is to cut the payroll tax for good.
But while the president can delay the collection of taxes, only Congress can eliminate them altogether. There's no guarantee lawmakers would do so. And if they did, that would be a severe blow to Social Security, which the delayed payroll taxes pay for.," MacGuineas said."Getting rid of the revenue source that funds the program would make the finances of it much, much worse."
"The people who love the payroll tax cut are the American people," said conservative pundit Stephen Moore — an adviser to Trump's campaign who wasMoore, who co-founded the anti-tax Club for Growth, has been one of the most dogged advocates for payroll tax relief.
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