General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo now they want a payroll tax cut.
If it causes such economic wonders, why didn't they do it the first time? Instead, the working class was ignored to give cuts to the Mar a Lago class. Apparently you can't cut a tax base of zero.
pamdb
(1,333 posts)If, god help us, the big orange pustule on the buttocks of humanity does get elected, I can bet that within a month he'll say, "sorry, we can't do that tax cut because, gee, we have
to pay for the coronavirus",
mindem
(1,580 posts)and it came out that Drumph wants to make the payroll tax cut permanent - in other words, gut Social Security. Kudlow's response was that we have a "bold" president. Any democrat that supports this needs to have their ass kicked.
gab13by13
(21,508 posts)Having 0 payroll taxes will cost 1+ trillion dollars. Someone tell me with a straight face that Republicans are going to pay back that 1+ trillion dollars from the general fund.
I will help you kick ass. Social Security works, giving it to Wall Street would certainly kill it.
ibegurpard
(16,685 posts)if we're not going out and not travelling?
spanone
(135,950 posts)OnDoutside
(19,987 posts)spanone
(135,950 posts)OnDoutside
(19,987 posts)kentuck
(111,111 posts)That's where the money comes from.
gab13by13
(21,508 posts)When president Obama did it he replaced the tax cut from the general fund. I watched the press conference and I heard no mention of replacing the money to Social Security or Medicare. The amount lost for having a 0 payroll tax is 1+ trillion dollars, no way Republicans are going to pay that back from the general fund.
misanthrope
(7,436 posts)and start hacking at the social safety net. They will spin anything as an excuse to further advance their dream of making the U.S. resemble lawless states like Somalia.
malaise
(269,328 posts)best book on the subject - neo-liberal cashing in on disasters
Dark n Stormy Knight
(9,776 posts)shock doctrine & disaster capitalism play into this.
https://www.vice.com/en_us/article/5dmqyk/naomi-klein-interview-on-coronavirus-and-disaster-capitalism-shock-doctrine
malaise
(269,328 posts)maxsolomon
(33,473 posts)Now Dems have to be the big meanies who don't want to balloon the Deficit. No fun! I hate taxes! Waaa.
gab13by13
(21,508 posts)Do you want to have 500 - 600 extra dollars this year at the expense of losing Social Security and Medicare?
maxsolomon
(33,473 posts)I thought Repukes were super concerned with the Deficit and Debt, but that was just when a black guy was Presidenting.
They're only concerned with Trump now. They're his creatures.