Trumpland.White House officials said the administration has no plans to do away with the payroll tax despite President Donald Trump saying he would seek a permanent repeal if he wins another term.
[...]
"On the assumption I win, we are going to be terminating the payroll tax after the beginning of the new year," Trump said Wednesday.
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Even if Trump were to follow through, the idea of doing away with the tax is unlikely to get much support in Congress because it could drive up the deficit by trillions of dollars to plug a funding gap, or spell the end of some Social Security payments for millions of Americans.
"The idea is drastic and crazy," said Brian Riedl, a senior fellow at the conservative Manhattan Institute. "It is complete fantasyland."
alJazeera
Cleanup on aisle 1. Again.White House press secretary Kayleigh McEnany and a second official, who spoke on condition of anonymity, said Trump is only talking about forgiving the worker payroll taxes he deferred last week with an executive action set to be in place from Sept. 1 to the end of the year.
"What he was meaning yesterday is he wants permanent forgiveness of the deferral," McEnany said at a press briefing Thursday.
Of course that's NOT what he meant.
Although, unless Congress simply rolls over and dies (which will happen if the Republicans take control of both houses), THEY hold the purse strings.Trump has said more than once he wants to end the payroll tax. "If I win, I may extend and terminate. In other words, I'll extend it beyond the end of the year and terminate the tax," he said of the payroll tax on Aug. 8.
Go ahead, MAGAland. Vote for Trump. Kill your Social Security and Medicare, your grandparents, parents, and eventually yourselves.If Congress terminated those levies at the end of this year, the trust funds would have enough money to pay retirement benefits for two and a half years, disability benefits for eight months, and Medicare payments for six months, according to Riedl's estimates.
...hey, do what you want...you will anyway.
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