Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Trump can’t do that. It’s going to get tossed out in court immediately. Congress controls taxation and appropriations. No employer is going to stop deducting payroll taxes from their employees because they know that it’s going to get tossed out in court. Same for the $400 unemployment kicker where the states are required to pay 25%. This is political grandstanding instead of actually leading.
Been done several times before, so I guess you're....well......ignorant....of the facts.
As has been said before... it's more important that bad bills do not pass than good ones. I tend to vacillate on this logic because I too have a political point of view.
Trump is losing badly currently among senior citizen voters, who are usually the strongest voting bloc, and he thinks making cuts to the program that basically is the only income for millions of seniors will win him votes? lol.
And it isn't a true tax cut, but a tax deferment. Wait until the shock in taxes people get when they have to pay it all back in 2021. Smaller paychecks.
Trump is losing badly currently among senior citizen voters, who are usually the strongest voting bloc, and he thinks making cuts to the program that basically is the only income for millions of seniors will win him votes? lol.
And it isn't a true tax cut, but a tax deferment. Wait until the shock in taxes people get when they have to pay it all back in 2021. Smaller paychecks.
That's a harsh way to put it, but the more you watch Trump's blundering and the more you understand the simple mindedness of his supporters, you can't reach any other conclusion.
Senior citizens and people approaching retirement age are watching Trump very, very closely on this one. He can't afford to lose ONE of their votes. Consider the number of senior citizen votes in Florida, a state that Trump must win. A state where Biden has a 5 point lead at this point.
Trump is too stupid or deluded by his own self admiration to understand he is playing with fire here. There is a reason why Social Security has long been considered a third rail. Sure, he's trying to backpedal and spin - "oh this is just a temporary cut in the funding stream for Social Security and Medicare". This might serve to pacify his most brainwashed and deluded devotees but he's not fooling anyone else.
Actually the economy is doing better than expected. Economists were estimating 15-20% unemployment but we’re running around 10%.
It’s bad, yes-but $3T bad?!
I understand if they gave the nightmare scenario to make us feel better when we bottomed out at 16%. That said, when more small businesses close, we have evictions start again and the inaction of local governments to have the $100 unemployment to make the state hand out the $400 unemployment; we will have problems with the economy and we will wish that we had passed the 3T bill. Also remember number of states will be hurting due to decreased tax revenue in particular the gas tax stalling construction projects.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
