Donald Trump to Suspend Payroll Tax Until End of 2020

How minimal?

 

It will urge people to go back to work and not need taxpayer support. What we really need is people working and earning money to get the economy back into growth and expansion again.

 

If you don't have a job how does stopping payroll taxes help you?

 

Sec. 2. Deferring Certain Payroll Tax Obligations. The Secretary of the Treasury is hereby directed to use his authority pursuant to 26 U.S.C. 7508A to defer the withholding, deposit, and payment of the tax imposed by 26 U.S.C. 3101(a), and so much of the tax imposed by 26 U.S.C. 3201 as is attributable to the rate in effect under 26 U.S.C. 3101(a), on wages or compensation, as applicable, paid during the period of September 1, 2020, through December 31, 2020, subject to the following conditions:

 

It will let people who work and create income keep more of that income so they can spend it and help create new jobs so the people without them who now have more incentive to take one can take one and not have to live off tax payers and help grow the economy and cut government spending,

 

Post 88 if you had been following this argument at all. Like your lack of comments on McCain Feingold, I don't recall any comments I've made on the emouluments clause.

 

100% agree with that. We would have a lot less to argue about if we kept to the constitution and left these issues to the states. Want Universal free healthcare? Knock yourself out California. Want abortion through the 9th month subsidized by the taxpayer? Knock yourself out New York. As long as all the other states get to make their own decisions on these issues...

 

That sounds good, but that doesn't do ish if you don't have a job today and you have bills to pay. If you are receiving unemployment how are you living off the taxpayers?

 

He is not suspending them. He is deferring their collection which means somewhere down the road, unless Congress acts, workers are going to be getting a bill instead of a paycheck.

 

This is the best method in my opinion. We are too ideologically diverse to be under a single controlling system. Consolidation of federal power and the corruption that it brings is what is destroying this nation from the inside out.

 

Maybe you should choose a different diet the one u have wears orange makeup

 

Small effective military to protect our boarders and supplement our allies and enough to do the constitutional requirements set forth in our founding documents. Some issues need to be on a federal level as they impact all Americans — like environmental concerns, trade and the ability to enforce federal law. Nothing more, nothing less.

 

Until cone February and you get a statement for taxes owed.

Horrible idea imho. Hope they allow out out.

 

So I'm guessing that you oppose Sanctuary Cities?

 

Dopey Donald Trump is the Orange Pied Piper of death by debt, leading the gullible into a black hole of massive Government debt from which there is no escape.

Dopey Donald Trump is spending money he does not have.

USA government debt will become a positive feedback loop with interest payments that the government cannot afford because it has reduced and eliminated taxes on the wealthy.

There is no way companies who are doing well should have a payroll tax holiday.

 

When was the last time our federal government did not spend money it did not have?

 

As I understand the EO, it only applies to the worker's withholdings, not the company's responsibility. Also, the CEO's and high wage earners are not getting a break. They still have to pay.

 

If he didn't need Congress to do these things, one wonders why he didn't do them before now since the expanded unemployment benefits and eviction moratorium expired last month.

The idea of cutting revenue and spending money without the legislature would seem to violate the Constitution.

 

Perhaps we should focus on cutting spending, but the cupboard is bare according to Pelosi.

 

What we really need to get people working and earning money is to crush the virus.

 

Not a Constitution violation. It falls under:

26 U.S. Code § 7508A.Authority to postpone certain deadlines by reason of Presidentially declared disaster or terroristic or military actions

 

But if Trump declares Covid-19 a disaster the left will call him a dictator and a super Nazi.

 

I hate tax law, so I will not bother to opine on whether I agree with that limited analysis, but I will denote that law certainly wouldn't apply to the extension of unemployment benefits or the deferment of the eviction moratorium.

The long and short of it is that Trump doesn't really know or care about whether he has the constitutional authority to enact any of these rules, he just wants to make the political appearance of doing such during an election year.

 

Absolutely, why?

 

Silly question but since we are at the "executive order" stage, can Pelosi and company decide they want to negotiate some more, or are we past that. In other words, is CARES 2.0 et al effectively RIP now. Is "this" [the executive orders signed 08-08-2020] the new relief package.