By 'deferring' the payroll tax, Trump is hoping to label Joe Biden a middle-class tax raiser if he lets the deferral lapse
Gimmicks abound during the “silly season” of presidential election campaigns, when candidates make their most grandiose claims and promises. But President Trump may be raising the bar.
Trump says he’ll do that—if elected to a second term. After signing the directive on Aug. 8, Trump said he’ll “terminate” the tax permanently if he gets reelected, so that nobody would have to repay it. Joe Biden, Trump’s Democratic opponent, called Trump’s payroll tax cut “reckless” and described it as an attack on Social Security, indicating he opposes the whole idea and won’t forgive the tax if he wins in November.
There’s also the irritating matter of Congress, which would have to pass legislation in order to forgive any tax owed by law. It’s already questionable whether Trump can legally defer the collection of taxes, as he has proposed. It’s clear he can’t cancel, raise or lower taxes on his own, without legislation. There’s essentially no chance Republicans will take control of the House in November, so at best a reelected Trump would have to deal with a split Congress, as he does now.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Analysis: How Donald Trump has already handed Joe Biden a debate winHaving spent months attacking Joe Biden as barely there mentally, President Trump has drastically lowered the expectations for the former vice president when it comes to debate performance. | Analysis by CillizzaCNN
Weiterlesen »
U.S. Intelligence: China Opposes Trump Reelection; Russia Works Against BidenA top U.S. intelligence official warns that China is trying to undermine President Trump's reelection bid while Russia is trying to denigrate Democrat Joe Biden.
Weiterlesen »
Factbox: Trump and Biden take sharply different paths on immigrationU.S. President Donald Trump's push to crack down on illegal immigration and reshape legal immigration was at the heart of the Republican's winning 2016 campaign and has remained at the forefront of his White House agenda.
Weiterlesen »
'There is no playbook': How Trump and Biden are trying to run virtual campaigns during coronavirus“They’re making things up on the fly and seeing what works,” said Bob Oldendick, a political science professor at the University of South Carolina.
Weiterlesen »
As Trump falters, Democrats and Biden eye an elusive prize: TexasAs polls show Texans increasingly frustrated with President Donald Trump's response amid a massive resurgence in coronavirus cases, Democrats say they have a real chance to turn a long-held dream into reality: winning the state's presidential contest for the first time in more than four decades.
Weiterlesen »
Zelda Williams Calls Out Eric Trump For Posting Late Father’s Biden Jokes To “Further Political Agenda”Zelda Williams slammed Eric Trump after the president’s son posted a video of William’s late father joking about presidential nominee Joe Biden. The video, which Trump posted on Twitter…
Weiterlesen »