They have been trying to take out the Social Safety nets for years. The people lose and the 1% flourish as then they reallocate funds as more tax cuts to the Donor class. The profit over people ideology will make us a 3rd World country.
A payroll tax cut would gut Social Security and Medicare funding. And let’s be clear: payroll tax cuts don’t help if you aren’t on a payroll. This should be a non-starter.https://www.nytimes.com/2020/05/05/business/economy/trump-tax-cuts-coronavirus-stimulus.html …
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Originally, I thought it could help businesses shore up their cash positions and retain employees. I now see it for what it is ... a move toward a permanent elimination and defunding of Social Security and Medicare. Cynical and unforgivable.
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He'd tell us it makes more sense to fund USPS. Let's cut junk mail delivery to 3X a week and let free market determine package rates. One problem solved.
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Letting Covid-19 spread unchecked is probably on purpose, for every person over 60 that dies is one less person to pay for in their retirement, sounds like that’s what the GOP wanted!
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Both parties need to stop their deficit fear mongering-https://www.google.com/url?q=https://www.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html&sa=U&ved=2ahUKEwjC6p67wqDpAhXYxzgGHYg3AAEQFjAAegQIBhAB&usg=AOvVaw0rurcJ5VH2dX_wpHIxeuHD …
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Translation: payroll tax cut will give too much power to the people and not enough to government.
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working class
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A Backdoor way for entitlement reform. Another round of stimulus payments works as consumer spending is 70 percent of the economy.
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Actually, the main sources of federal tax from personal/corporate income and payroll tax.
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