Once again, Donald Trump is playing a political game to benefit only one person...Donald Trump (and his reelection efforts).
Here is the practical impact of the Trump payroll tax holiday:
"What good does that do people if they just get a temporary payroll tax cut and have to put that somewhere to save it to repay the money in a balloon payment a couple of months from now?" asked Maya MacGuineas, president of the Committee for a Responsible Federal Budget. "That's really done very little to improve the economy." (quote as reported by NPR)
But wait, it gets worse because Donald Trump is making campaign promises he knows he cannot keep because he cannot do it without Congress.
(NPR) 'If I'm victorious on Nov. 3, I plan to forgive these taxes and make permanent cuts to the payroll tax," Trump said. "I'm going to make them all permanent.'
But while the president can delay the collection of taxes, only Congress can eliminate them altogether. There's no guarantee lawmakers would do so. And if they did, that would be a severe blow to Social Security, which the delayed payroll taxes pay for."
Trump knows what he is doing...he wants to fool all of the voters all of the time.
onePolitics-a website dedicated to discussing issues and news in our political world.
All the president is, is a glorified public relations man who spends his time flattering, kissing, and kicking people to get them to do what they are supposed to do anyway.
Harry S Truman
“Pro and con are opposites, that fact is clearly seen. If progress means to move forward, then what does congress mean?”
― Nipsey Russell
The court is really the keeper of the conscience, and the conscience is the Constitution.
William O. Douglas