Trump's Social Security payroll tax holiday is the first shot in a class and generational war

[Zorro]

Trump says he’ll eliminate Social Security tax next year, should he be reelected — and that would likely mean the end of the federal entitlement system as we’ve known it

President Trump’s memorandum to Treasury Secretary Steven Mnuchin ordering that he suspend Social Security taxes for some employers and their employees for the rest of this year makes no sense if the goal is to offset economic damage from the coronavirus pandemic.

But it makes a lot of sense if it is to undermine Social Security and stir up class and generational warfare, which is clearly the goal of both Trump and his close ally, Stephen Moore, who has railed against the whole idea of Social Security for years.

Step back and look at the big picture — and listen to Trump say that he’ll eliminate Social Security tax next year should he be reelected — and you realize that if Trump prevails, it would likely mean the end of Social Security as we’ve known it.

“What President Trump has been calling a Social Security ‘tax holiday’ can easily turn into a permanent vacation,” says William Arnone, chief executive officer of the National Academy of Social Insurance.

https://www.washingtonpost.com/business/2020/08/10/social-security-payroll-tax-cut/

[SheltieLover]

1. K&R!

And putin pats him on the head & smiles...🤬

[MiniMe]

2. It's another thing that can't be done at the drop of a hat

Payroll programs need to be rewritten, and that takes time, and testing to make sure it is right.