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re: Biden says payroll tax cuts are a BIG MISTAKE.
Posted on 9/15/20 at 2:14 pm to Floating Change Up
Posted on 9/15/20 at 2:14 pm to Floating Change Up
quote:
This is correct. But trump has repeatedly said that he wants those to be not paid back if he is re-elected.
It's not up to him, congress has to pass it.
1
Posted on 9/15/20 at 2:15 pm to thunderbird1100
quote:
It's not up to him, congress has to pass it.
And they will. That is the bet. The political pressure will be too great.
Posted on 9/15/20 at 2:17 pm to GumboPot
quote:
Pretty sure the second part is right.
It's only right if Biden is elected. Trump will forgive those taxes.
Isnt this a HofR issue...and the problem is that Trump via EO can install the payroll tax cuts but only as a deferral. the HofR has to initiate complete forgiveness ...and Nancy is down with that. So for the funds not be paid back....the House would needb to b go R
Posted on 9/15/20 at 2:17 pm to GumboPot
quote:
And they will. That is the bet. The political pressure will be too great.
Maybe, maybe not. Nobody knows what a few months now from will look like. Either way I still think it's a brilliant move politically, but obviously very illogical in implementation from the start since hardly anyone is participating. Ultimately if it gets forgiven it's just a tax break when filing next April for grand majority of people.
Posted on 9/15/20 at 2:18 pm to GumboPot
quote:
The political pressure will be too great.
Trump doesn't have the political capital in Congress to put any pressure on Pelosi or her Ds in the House....he hasn't since 2018. I'm not sure why you expect that to change after the election unless you think the GOP turns the House....which I think is a really long shot.
Posted on 9/15/20 at 2:23 pm to LSU316
quote:
Trump doesn't have the political capital in Congress to put any pressure on Pelosi or her Ds in the House....he hasn't since 2018. I'm not sure why you expect that to change after the election unless you think the GOP turns the House....which I think is a really long shot.
If and when Trump wins reelection he will have the political capital. Presidents get a full tank of political capital after winning an election/reelection.
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