0 Payroll taxes,

[gab13by13]

Trump is proposing that employees and employers pay 0 payroll taxes the rest of the year. That means Social Security and Medicare will be gutted.

Also, please no nonsense about how the employer pays half the tax, the employer passes off payroll taxes onto its emplyees through lower wages.

If Democrats agree to this I won't bother to vote this year.

By the way, the reason the market jumped up this afternoon is because Trump leaked out that he is going to bail out the shale oil and big banks. Socialism at its finest.

[MontanaMama]

1. Couple things.

1.) You have to vote. Blue. If you don't...well you already know the consequences.
2.) Please don't generalize what employers do regarding payroll taxes. I am an employer and own 2 businesses. I absolutely DO NOT pass off payroll taxes to any of my employees through lower wages. That's just false. Generalizations do not benefit anyone.
3.) It is okay to be deflated and frustrated. Take a break. Get some fresh air and get back in the fight. Staying home on election day is a cop out. Your choice however.

[tosh]

16. This employer agrees on all 3 of your points.

Company share of payroll taxes has definitely NEVER been factored into wage or salary amounts at our biz. For us, wage rates are designed to attract AND RETAIN good staff members.

In fact, I am always shocked at how LOW the Medicare payroll tax rate is. It could be bumped up quite a bit and probably no one would even notice.

[MontanaMama]

22. I absolutely agree with the Medicare payroll tax.

It's very low. Regarding wages...YES. I don't have anybody here making less than $23 per hour along with company matched 401K, paid vacation and health insurance among other benefits tailored for each employee. We have a worker shortage here in Missoula, MT. If I don't create a work environment attractive to my employees, they won't stay...and I need them. Employee turnover is incredibly expensive.

[PSPS]

2. LOL. "If Democrats agree to this I won't bother to vote this year." Thanks, comrade! LOL

[tblue37]

3. But he wants the tax holiday only until November, so it would expire after the election. nt

[3Hotdogs]

4. Remember, Repukes have been trying to eliminate S.S. since 1935.

Now's there chance to make it a reality.

-- Koch brother's wet dream.

[Newest Reality]

5. We all know,

We all know that we need more welfare for more industries in order to fight this virus and save our country for those who have more to continue having more.

Do your share! Get your buckets out and bail as if your life depends on it. Get some long boards and help to PROP UP the Captains of Industry now! If you easily salivate at he word JOBS, (would you like a tissue there?) then think about them.

Zero payroll taxes means more for the more and maybe a little bit for little, insignificant you and me and nothing for those who are not on a payroll. It might mean you can stock up on more toilet paper and sanitizer, at least.

[Wounded Bear]

6. Don't be too quick to harsh on Madame Speaker...

I'm not that opposed to the tax holiday. We do need numerous other measures, too.

Refusing to vote is what Trump wants.

[gab13by13]

11. I apologize, I was being overly dramatic,

I will vote but this pizzes me off. A person making 25k a year will gain 500 dollars spread over the rest of the year. The reason to have 0 payroll taxes is to gut SS and Medicare.

There are other ways to put money in people's pockets, cut everyone a check.

[Wounded Bear]

23. Don't need to apologize to me...

Yes, there are other ways to goose the economy, and Ms Pelosi and Sen Schumer already have a proposed package.

Repubs will be recalcitrant. I'm down with cutting everyone a check, I could use one, for sure. Although, they'll probably leave me out since I don't pay taxes.

[VMA131Marine]

31. Actually, over the remaining 9 months of the year

A person making $25k per year would take home $1160 extra.

I’ll be honest though, if the government can do this, why not just send out $2500 checks to every tax payer making less than $150k. Either way, the government is going to borrow the money.

[CentralMass]

28. The payro;ll tax should not be touched, Thos 3rd way repuplican lite acceptance of proposals like

this is unacceptable. Trying something novel like funding things.

[lagomorph777]

7. Dems aren't stupid enough to agree to this. It's an un-targeted bit of nonsense.

Funding for testing, treatment, sick leave, and other direct personal costs make a lot of sense. Another tax "cut" scam isn't going to fool anybody but Trump's fools.

[Squinch]

8. Dumbest quote of the day: "If Democrats agree to this I won't bother to vote this year."

Way to cut off your own nose, plus both legs and an arm.

I am so tired of people's ridiculous ultimatums, insisting they will do things that will not only make things worse for themselves but also for the rest of us.

[gab13by13]

12. I already apologized, I will vote,

I was being overly dramatic. With that said, any Democrat who agrees to this is helping Trump and the Trump party.

[karynnj]

9. The Democrats need to demand that the SS and Medicare funds be paid out of the general funds

I believe that this is what happened when President Obama did this as a means to stimulate the economy - giving money to all workers - including those at the bottom most likely to spend it.

[gab13by13]

15. I don't like the idea in general, but I agree with your proposal.

I listened to people on CNBC Money talking about the 0 payroll tax and right away they compared Trump's plan to what president Obama did. I heard no mention of the money being paid back.

[kozar]

10. I may be a bit confused here.

But folks like me who are retired, and we paid attention and adjusted our annuities to lower our tax debt. And have gotten to the point of almost zero payroll taxes month to month, so that the Treasury cannot use our money interest free for a year,,and then tell us we have to fill out all the tax forms once a year, so we can feel rich for 3 weeks.
And we all know that in 2021, when tax time rolls around, this GIFT will have to be paid back. you can keep the money now and pay back double later. It is how Repubs fool people.

So I guess we will go from 72 dollars a month in taxes, to zero with this plan?

oh yeah,,,lets all jump on!!


Koz

[gab13by13]

13. When I said I wouldn't vote

I took the emphasis away from the topic of not funding SS and Medicare, and that was wrong on my part.
If the money is going to be reimbursed, which I have not heard, why not just cut everyone a check?

[onenote]

14. The 2 year payroll tax cut of 2011-2012

had no impact on Social Security and Medicare. Why? Because the funds not collected via the payroll tax were made up out of general tax revenues. So it increased the deficit but Social Security and Medicare were unaffected. (Both 2011 and 2012 had trillion dollar plus deficits).

[gab13by13]

17. Deficits mean nothing to Republicans

when a Republican is president. I will calm down until I see the final proposal whether the money will be replaced or not.

Some rich people have already paid in the max to SS and won't be affected.

[subterranean]

18. I don't understand the point of a payroll tax cut.

The problem with the economy isn't that people don't have enough money to spend, it's that they are staying home to avoid being exposed to the virus. A tax cut isn't going to change that.

[Wounded Bear]

24. And it won't help people who get laid off...

and there will be plenty of those.

[Roland99]

19. Well it apparently amounted to nothing. The GOP only meeting didn't reach a solution

[demosincebirth]

20. It's a trap

[Turin_C3PO]

21. I doubt Democrats will vote for that.

If they did, I’d be disappointed too.

[underpants]

26. That might be part of the trick

Propose it. Dems vote against it. Instant campaign slogan.

[GoneOffShore]

25. WTAF? You won't vote? Don't even think that.

That will encourage the further Nazifacation of the US.

[AJT]

27. How will this help hourly workers with no sick leave when they are told to stay home?

[doc03]

29. I just heard on MSNBC the Democrats are on board with it. Why in the hell would

they give him a tax cut that would help his re-election?

[democrattotheend]

30. I don't think it works that way

I recall reading when we had a payroll tax holiday under Obama that it doesn't directly affect Social Security and Medicare, because there is no actual separate account for these programs (though arguably there should be). But some people thought psychologically it would hurt SS and Medicare by undercutting the argument that people earned their benefits by paying in.