The 0% payroll tax for the rest of the year is a ploy to destroy Social Security and Medicare, and

[still_one]

the Democrats should not be fooled by this nonesense

Providing free testing, healthcare support to those affected by the virus, funding for vaccine development, treatments, and health safety are necessary, as well as extending unemployment benefits etc. are all important to get through this crisis, in addition to providing aid to the travel industry, and other industries affected by this.

Reducing interest rates to zero percent, and providing liquidity is also necessary

but the 0% payroll tax will do NOTHING, except harm social security and medicare

[Johonny]

1. A lot of people are going to suffer loss of job, or break up of their part time hours

This does nothing to get them money to stay at home when sick etc...

[still_one]

3. Exactly. Extending unemployment benefits, and providing subsidized healthcare support, etc. is what

is needed

[yellowdogintexas]

2. this reminds me a lot of the Plot to Destroy the USPS

by burdening it with a huge prefunding of benefits with a very short payback time.

I hope the House can keep this from happening

[still_one]

4. I think the Democrats in Congress can do it

[2naSalit]

7. Yup. ...nt

[Bettie]

5. Does this have to go through the House or

is he enacting this fuckery by Exec. Order?

Because I don't think the House will go for this.

[still_one]

6. I don't think they can do this through executive order

[nykym]

8. And if we pay no payroll tax

how will that impact our taxable income?

I really doubt we will be given a pass on paying what the government says is due come tax time.

[SCantiGOP]

9. Interest rates to Zero is a horrible idea

Rates are now near record lows. None of our economic problems are caused by high interest rates and the inability of business to get operating capital.
Cutting rates further will do nothing but give a very small and very temporary boost to the economy. We need to keep some tools to use in case we do fall into a deep recession. If rates are already at zero, our options are very severely limited.

[kimbutgar]

10. If they do that they should lift the cap and make the rich pay more into the system

Lower the withholding rate but eliminate the cap to make up the shortfall.

[ProudMNDemocrat]

11. House and Senate Democrats will put up a fight for sure....

How Republicans can support this is Anti-American.

Democrats will message this for what it looks like...destroy the promise to the Seniors of this country, many of them Trumpers.

[still_one]

12. I agree, they will put up a fight on this

[blueinredohio]

13. Not only will the payroll tax mess with S.S.and Medicare.

Can you imagine what you will be paying in taxes next year at tax time? They're not going to let it go you will pay your share sooner or later. Like the tax cut for the rich, I had to have my withholding raised just to break even.

[still_one]

14. good points