Trump suggests freezing evictions and payroll-tax collection through executive orders

[Yo_Mama_Been_Loggin]

President Donald Trump on Monday raised the possibility of using executive orders to suspend evictions and freeze the collection of payroll taxes, as Democrats and Republicans reported slow progress in their negotiations over another big coronavirus aid package.

“I don’t want people to be evicted,” Trump said, while speaking at a news conference on Monday evening. He said it’s “not their fault” that “they’re thrown out viciously.”

“They oftentimes will go to a shelter with tremendous numbers of other people, and the virus will spread, and we don’t want that.”

He added that he could suspend the collection of payroll taxes through executive order.

https://www.marketwatch.com/story/trump-suggests-freezing-evictions-and-payroll-tax-collection-through-executive-orders-2020-08-03?siteid=yhoof2&yptr=yahoo

Not sure if he can do either but his attempt to suspend payroll taxes will only benefit those who still have a job and likely hurt Social Security.

[highplainsdem]

1. Suspending payroll taxes will definitely hurt Social Security, and will also benefit high earners

more than people with low incomes. Which is exactly why Trump wants to do it.


This article at The Hill explains why Trump thinks he has the power to suspend the payroll tax:


https://thehill.com/homenews/administration/510365-trump-says-hes-considering-executive-action-to-suspend-evictions

Trump also asserted that he had unilateral authority to suspend the payroll tax.

“I can do that also through executive order, so we’ll be talking about that,” Trump said.

Trump’s admission came after conservatives Stephen Moore and Phil Kerpen penned an op-ed in the Wall Street Journal urging Trump to declare a national economic emergency and to direct the IRS to suspend collection of payroll taxes.

They argued that Trump could defer payroll tax payments using the same section of the tax code used by Treasury earlier this year to postpone the 2019 tax filing deadline until mid-July. The move would amount to a deferral, though the two argued that Trump could pledge to sign a bill in the future to forgive the repayments.

[Hoyt]

2. If he can suspend evictions, I'd take him up on it, even if he suspends payroll tax

for awhile.