House Democrats urged to remove 'insidious attack' on Social Security hidden
within senate coronavirus bill
Published 3 mins ago on March 26, 2020
By Jake Johnson, Common Dreams
“The only way to escape this trap is to avoid stepping into it in the first place. That’s why the House must remove the cut to Social Security’s dedicated funding before this bill passes.”
Progressives are demanding that the Democrat-controlled House of Representatives prioritize removing a little-noticed provision in the massive Senate-passed coronavirus stimulus bill that would allow employers to stop paying into Social Security for at least the rest of the year—potentially threatening the program’s long-term financial health.
“If Trump and Republicans retain power after November’s elections, they will make sure that corporations never repay Social Security.”
—Michael Phelan, Social Security Works
Section 2302 of the nearly 900-page legislation would let companies defer until next year their payment of the employer payroll tax, one of the primary funding mechanisms for Social Security. The bill would require that companies pay 50% of their owed 2020 payroll taxes by December 31, 2021.
While the section has thus far received little media attention, advocacy group Social Security Works said the language authorizes an “insidious attack” on the New Deal-era program and must be stripped out before final passage.
The House is expected to vote on the bill as early as Friday.
https://www.rawstory.com/2020/03/house-democrats-urged-to-remove-insidious-attack-on-social-security-hidden-within-senate-coronavirus-bill/
Why does it take only two days to read a 900 page bill and it took #Moscow Mitch 10 days to dilly daddy around.........................
I swear November 3, 2020 cannot get here fast enough.....................
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