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Trump floats temporarily eliminating payroll tax to boost economy amid coronavirus fears
Posted on 3/11/20 at 7:46 am
Posted on 3/11/20 at 7:46 am
This would be an interesting move. Amongst a time with oil price wars and Dow set to open down 800 we would get a boost to our paycheck. Perfect timing when truck nut sales are at an all time low.
LINK
LINK
Posted on 3/11/20 at 7:47 am to LoneStar23
I do like the idea of putting money in the common man's pocket vs big corp
Posted on 3/11/20 at 7:48 am to LoneStar23
racist anti-alphabet orange man bad.
Posted on 3/11/20 at 7:48 am to LoneStar23
I wonder if those who criticized Obama for an economic stimulus change their tune
Posted on 3/11/20 at 7:50 am to LoneStar23
Any day the government doesn’t take the money I work for is a good day
Posted on 3/11/20 at 7:50 am to DavidTheGnome
quote:
I wonder if those who criticized Obama for an economic stimulus change their tune
Speaking for myself, I was 1 year removed from college and had a great job when Obama enacted the 2009 stimulus, so I honestly know nothing about it.
Posted on 3/11/20 at 7:50 am to LoneStar23
Interesting for sure. If it were to work, the economy remained steady, and we all had a bit more in our pockets on payday, I don't see how he would lose in November. Seems win-win for him and the public in theory.
Posted on 3/11/20 at 7:50 am to DavidTheGnome
quote:Unless you believe that the government already owns your money pre-taxation, they are two wholly different things.
I wonder if those who criticized Obama for an economic stimulus change their tune
Scruffy doesn’t recall a reduction in taxes with the stimulus.
Posted on 3/11/20 at 7:51 am to LoneStar23
This source is a joke
quote:
One source familiar with the proposal tells Fox News that addressing the payroll tax is “the fastest possible way” to address economic concerns. The source said that crafting proposals such as “unemployment insurance and dropping money out of helicopters takes months to engineer. But the payroll tax could hit immediately – especially if they include both employers and employees.
“(The payroll tax) helps in all red places but not all blue places,” said the source.
Posted on 3/11/20 at 7:51 am to VinegarStrokes
quote:you hate him so much that you don’t want more money in your pocket? And he’s racist because the three news channels told you he was?
racist anti-alphabet orange man bad
Posted on 3/11/20 at 7:52 am to DavidTheGnome
quote:
I wonder if those who criticized Obama for an economic stimulus change their tune
Why? They aren't really the same. This is letting citizens keep more of their own money.
Posted on 3/11/20 at 7:52 am to LoneStar23
quote:
Dow set to open down 800
Some of that is because they cancelled the parades.
Posted on 3/11/20 at 7:52 am to LoneStar23
That would be a big boost to the economy and a winning strategy for Trump. I’m heavily in favor of it, but how will we make up for the missing tax revenue? Hopefully lots of cutting the fat from the government
Posted on 3/11/20 at 7:52 am to Boston911
quote:
you hate him so much that you don’t want more money in your pocket? And he’s racist because the three news channels told you he was?
You could power a small town with the force of this whoosh.
Posted on 3/11/20 at 7:52 am to LoneStar23
But will our tax bill remain the same? If not people will be pissed next April.
Posted on 3/11/20 at 7:53 am to TH03
quote:Those who conflate the two believe that the government is just “loaning” your money to you and it was never yours to begin with.
Why? They aren't really the same. This is letting citizens keep more of their own money.
This post was edited on 3/11/20 at 7:54 am
Posted on 3/11/20 at 7:53 am to Chinese Bandit
quote:
“(The payroll tax) helps in all red places but not all blue places,” said the source.
Well the blue places are filled with welfare queens, illegals, and homeless who don't pay taxes in the first place.
Posted on 3/11/20 at 7:54 am to LoneStar23
It's amazing in our "strongest economy ever" we can be reduced to Venezuela, our shelves lacking many items, so quickly.
Posted on 3/11/20 at 7:54 am to LoneStar23
I wish they’d permanently eliminate payroll tax. Go ahead and take out the income tax as well.
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