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Remove all federal income tax for 2019. It only helps 53% of families but I'll take it.
stopping payroll taxes provides temp relief to many many more, and more of those who really need it.
The problem with doing that is the politicians can't monetize that for their own personal gains since ther are no kickbacks. This is why the Dems are fighting Trump on it.
Anytime Billions of Dollars move, they must get their slice of it, and payroll taxes doesn't fit that bill even though its the fastest easiest and most effective way to help working families.
It's never been about us though, so don't be naive.
stopping payroll taxes provides temp relief to many many more, and more of those who really need it.
The problem with doing that is the politicians can't monetize that for their own personal gains since ther are no kickbacks. This is why the Dems are fighting Trump on it.
Anytime Billions of Dollars move, they must get their slice of it, and payroll taxes doesn't fit that bill even though its the fastest easiest and most effective way to help working families.
It's never been about us though, so don't be naive.
How does it help people who are home, not working, and not getting paid? The payroll tax cuts only help workers who have some sort of leave that allows them to be paid when they are off work. If they have unpaid leave, they get no pay and thus no relief. I agree with others that some sort of check for everyone, regardless, is going to provide more benefit than a payroll tax cut that is only going to help the people who can actually get a paycheck if they miss work.
"But what about all the retirees who mainly get just Social Security or a Pension", show us where anybody has proposed STOPPING SS checks.
if the level of discourse on Investing or Personal Finance is no better than this moved thread, we might very well be better off with the current at-risk group being most affected.
How does it help people who are home, not working, and not getting paid? The payroll tax cuts only help workers who have some sort of leave that allows them to be paid when they are off work. If they have unpaid leave, they get no pay and thus no relief. I agree with others that some sort of check for everyone, regardless, is going to provide more benefit than a payroll tax cut that is only going to help the people who can actually get a paycheck if they miss work.
there's about 28 million people whose jobs (in 2017/18) didn't get PTO/sick/vacation.
Now, of course we're told that 50% of workers (175MM roughly) don't earn a poverty wage.
Regardless, the issue becomes identifying those who work full time, and should be provided 2-4 weeks paid in order to make sure they don't make the wrong choice - that is to work and risk the health of everyone because they fear not getting the cash/losing the job.
So, take those 28 million, multiply them by a 40% affected rate, pay them at a $30K/year rate for up to 30 days, and *wala*
$28 Billion dollars as a max cost.
So, tell us what part of $8B is needed to get some real medical help/advancement to truly lessen the impact both short and long term.
8B for 1,000 of the very best scientists is $1MM apiece for their salary, facilities, etc. Help me me understand how this isn't enough.
I drive a goodly bit, and fill up 36x a year. at 30 gallons X 18.5 cents, you're talking about saving me $200. In a year.
Yes... and it would lower anything that moved by truck or train. Transportation costs would be lower, but this would only be part of an overall incentive. People drive miles to save pennies for gas or fuel.
Point being, everyday items people use, that has point of use savings and incentives, provides immediate benefit for low income earners exponentially.
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