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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
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Old 03-11-2020, 12:50 PM   #1
Jim in CT
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Join Date: Jul 2008
Posts: 20,428
Why do democrats oppose Trumps payroll tax holiday?

Payroll tax is about 14%, employer pays half, employee pays half. Those who are self employed pay the whole 14%.

In 2010, Obama proposed to cut payroll tax rates, and democrats thought it was a swell idea.

Today, Trump wants to temporarily eliminate the tax, and the democrats are vehemently opposed, though i didn’t see any articles that specified why.

A payroll tax holiday would boost everyone’s take home pay, especially those who are self
employed.

There are some things big sides agree on, like some
kind of income protection for those who can’t work from home. Glad no one disagrees on that.
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Old 03-11-2020, 03:17 PM   #2
wdmso
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Again the 2 are not remotely the same...

And the 2 rationaleis are even further apart
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Old 03-11-2020, 08:37 PM   #3
Jim in CT
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Quote:
Originally Posted by wdmso View Post
Again the 2 are not remotely the same...

And the 2 rationaleis are even further apart
didn’t come close to
answering my question.

in both cases, cutting payroll taxes was proposed to help bolster the economy. Are you suggesting that cutting this tax makes sense to
offset the large scale effects of a recession caused by mortgage defaults, but cutting the same tax isn’t likely to help bolster an economy hurt by a virus? Id be very happy to hear you explain that.
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