Trump's push for payroll tax cut sparks GOP pushback

[left-of-center2012]

Top Republican senators are warning they oppose including a payroll tax cut in the next coronavirus relief bill, even though it's a top priority for President Trump. Senate Finance Committee Chairman Chuck Grassley (R-Iowa) warned on Monday that he believes the move would create a public relations headache for Republicans.

"Go to the fact that Social Security people think we're raiding the Social Security fund. And we are raiding it, but we have always put in general fund revenue in it so it is made whole. But that creates — it might create political problems — but it creates a public relations problem," Grassley told reporters on Monday.

Grassley on Monday said he thought a direct check would have a bigger impact on Americans. "I think when a person has a check in his hand, X number of dollars .... I think that is going to do more economic good than if we dribble out $30 every paycheck because people are going to notice it," he said.

Asked about including a payroll tax cut, Sen. John Thune (S.D.), the No. 2 Senate Republican, told The Hill it would depend on where the “consensus” is, but that he did not personally support a payroll tax cut. “I’m not a fan of that. I’ve made that pretty clear,” he said.

Read more: https://thehill.com/policy/finance/508164-top-gop-chairman-warns-against-payroll-tax-cut-in-next-coronavirus-bill

[napi21]

1. Forget all that s***. With a million+ people unemployed, why do a PR tax cut? Get some

JOBS!!!

[Cicada]

2. Number of workers down 16 million compared to January

The workforce fell about 25 million, and has recovered about 9 million. The payroll tax cut won’t help those 16 million. Maybe 4 million will get rehired in July, but still a huge number won’t get much help from a payroll tax cut.

[onethatcares]

3. I was under the impression

the payroll tax cut, although it is partially directed at workers, really allows the corporations to keep more of their money by not having to match the FICA deductions. Which in turn will continue to starve the social programs the ta s) fund.

With the fact that most people cannot afford a $400.00 car repair, dentist, doctor, vet bill, Social Security is an almost painless way for those citizens that don't have IRAs, any type of retirement plan, or not even a savings account for when they turn 62 (or whatever age) and can no longer work.

We're going to get a taste of that lack of savings when the PPP money runs out or is cut.