'We will be, on the assumption I win, we are going to be terminating the payroll tax after the beginning of the new year,' President Donald Trump said during a news conference last month.
Trump inadvertently sounded the alarm on Social Security after he signed an executive order on August 8 calling for a"payroll tax holiday" for the millions of employees who pay into the system. The move, he argued, would save families thousands of dollars.
Richtman said that once people understand the repercussions of the president's executive order, it doesn't get a positive reaction. "I would not entertain that question unless...it would go in with the reform of Social Security," Grassley said."We've got to make sure that we keep our promises to senior citizens."The Hill
The president's solution for ending the tax would be to fund the program through general revenue fund. But advocates said there are several problems with that proposal, the first being that there is very little uncommitted revenue to fund it.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
President Trump Won’t Destroy Social Security—But He’s Not Going To Save ItThe Biden campaign claims the President Trump is cutting Social Security, and that if he gets his way, benefits could run out in “just three years.” While that claim is not true, the Trump administration has done next to nothing to fix Social Security’s long-term funding problems.
Weiterlesen »
LinkedIn gets more like Facebook, Snapchat: The business social network adds more social featuresLinkedIn says engagement in posts is up 50% since COVID, which inspired it to make the new visual changes.
Weiterlesen »
Top U.S. Republicans pledge peaceful transition as Trump sows election doubtsU.S. Senate Majority Leader Mitch McConnell and other top Republicans on Thursday repudiated President Donald Trump's refusal to commit to a peaceful transfer of power, assuring American voters the lawmakers would accept the outcome of November's election.
Weiterlesen »