The president's gambit gives Democrats a potent attack line just months away from the November election.
for the rest of the year and permanently eliminate it if he is reelected in November would, absent additional action, result in disastrous revenue losses for the Social Security trust fund. The scheme is clearly designed to aid his bid for another term.
It would also undercut what his top aides and Republicans have been saying in response to demands from congressional Democrats for a larger stimulus package. Among other things, the two sides have been unable to agree on a top-line number for another round of fiscal relief, partly because the Trump administration and GOP lawmakers have ― after years of spending like drunken sailors ― rediscovered their concern about federal debts and deficits.
“I understand why the president would like to waive the payroll tax, but only the Congress can do that, and the executive order makes that clear, so it’s not a, not the kind of solution he would like to have, I’m sure,” Sen. Roy Blunt said this week.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Facebook Faces New Flashpoint With Trump Over Campaign To Push Voting By MailI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
Weiterlesen »
White House weighing whether Trump can sidestep Congress to cut taxes: report - 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.
Weiterlesen »
Opinion | In a brilliant political move, Trump proposes tax cut for the wealthyOpinion: In a brilliant political move, Trump proposes tax cut for the wealthy
Weiterlesen »
Donald Trump Trolls Bill Maher After Maher Delivers Trump EulogyDonald Trump trolled Bill Maher after his scathing Trump eulogy on last week's show.
Weiterlesen »
Trump Can't Be Racist Because He Donated Money To Kamala Harris, Says Trump CampaignPresident Trump has already gleefully taken to calling Sen. Kamala Harris—Joe Biden’s official 2020 running mate— “nasty” and “mean,” but he must not have thought she was so bad when he donated $6,000 to her re-election campaign.\n
Weiterlesen »
Trump and Mark Esper's clash over Lebanon comes amid signals the Defense secretary's tenure may be cut shortSpeculation on the fate of Defense Secretary Mark Esper has intensified after a summer filled with clashes. Esper's successor may already be in place.
Weiterlesen »