Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJEEPERS, What a SURPRISE! Look who gets the fattest checks from Trump's "payroll tax cut."

8 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
JEEPERS, What a SURPRISE! Look who gets the fattest checks from Trump's "payroll tax cut." (Original Post)
Miles Archer
Mar 2020
OP
CaptYossarian
(6,448 posts)1. He even looks like the Grinch.
flibbitygiblets
(7,220 posts)3. If the Grinch ate nothing but spam
CaptYossarian
(6,448 posts)4. If that's the Lorax in your message box, you're probably
an expert on Dr. Seuss characters and would know the Grinch's diet.
BlueWeirdo
(9 posts)2. Not those that need it that's for sure.
It's such a terrible idea.
Bernardo de La Paz
(60,320 posts)5. It defunds SSI, doesn't it?
Miles Archer
(24,328 posts)7. Yes.
What Trump is proposing to cut, to be clear, are Federal Insurance Contributions Act payments. As the name indicates, these payments are not general taxes, but insurance contributions, or, in todays parlance, insurance premiums. By law, they can only be used to pay Social Security insurance benefits and their associated administrative costs. Social Security has no borrowing authority. Consequently, Social Security does not and, by law, cannot, add even a penny to the deficit. If Social Security were ever to have insufficient revenue to cover every penny of these costs, those benefits would not be paid.
https://www.rawstory.com/2020/03/trump-is-using-the-coronavirus-crisis-to-to-launch-a-stealth-attack-on-social-security/
https://www.rawstory.com/2020/03/trump-is-using-the-coronavirus-crisis-to-to-launch-a-stealth-attack-on-social-security/
Ilsa
(64,569 posts)6. If a worker cannot report for duty,
how do they benefit from a tax cut during an emergency when they aren't getting paid?
lame54
(40,099 posts)8. Again - trying to exploit a tragedy
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.
