Donald Trump Signs Executive Order: Payroll Tax Holiday, Enhanced Unemployment Checks

[Burnt Reynolds 5,058]

Quote

 

President Donald Trump signed an executive order for a payroll tax holiday at his club in Bedminster, New Jersey on Saturday.

“The very important thing is that people want it and the people needed, actually,” Trump said, noting that Republicans and Democrats in Congress could not reach a deal.

The president said that the payroll tax holiday would apply to Americans earning less than $100,000 a year.

“If I am victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” he said.

Trump added that he might even “terminate” the tax or make permanent changes. A group of supporters joined the president at his press conference announcing the news and cheered as the president signed the orders.

“Biden probably won’t be doing that. You’ll have to ask him. I don’t think he knows what he’s doing,” he said, as his supporters chuckled.

 

https://www.breitbart.com/politics/2020/08/08/donald-trump-signs-executive-order-payroll-tax-holiday-enhanced-unemployment-checks/

 

Trump doing what Congress won't.

[Cyberfx1024 7,978]

35 minutes ago, Burnt Reynolds said:

https://www.breitbart.com/politics/2020/08/08/donald-trump-signs-executive-order-payroll-tax-holiday-enhanced-unemployment-checks/

 

Trump doing what Congress won't.

People are still mad at him for not making it the whole $600 a week

[Voice of Reason 10,298]

20 minutes ago, Cyberfx1024 said:

People are still mad at him for not making it the whole $600 a week

I wish he had denied it or made it $200 a week.

[TBoneTX 43,058]

This puts the Democrats in the awkward position of opposing this, enabling the Pres. to say, "These are the people who tried to stop me from giving you money."

 

It might also be imprudent for any Federal judge to put a hold on this, although I expect that one will.

[Dashinka 23,245]

11 hours ago, Cyberfx1024 said:

People are still mad at him for not making it the whole $600 a week

I wonder what they will think when they find out the $600/$400 from the Feds is taxable income?

[Steeleballz 7,550]

1 hour ago, Dashinka said:

I wonder what they will think when they find out the $600/$400 from the Feds is taxable income?

   The SS payroll tax reduction is also just a deferral. Any amount they don’t deduct from pay checks will still be due at the end of the year. That may also surprise a few people.

[Nature Boy 2.0 8,315]

1 hour ago, Steeleballz said:

   The SS payroll tax reduction is also just a deferral. Any amount they don’t deduct from pay checks will still be due at the end of the year. That may also surprise a few people.

I was just reading the same thing. Uh. No thank you.