Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
12 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Pay roll tax holiday. (Original Post) Prosper Apr 2020 OP
It's as plain as the nose on his fat face. The whole GOP Walleye Apr 2020 #1
How does it even matter AirmensMom Apr 2020 #2
Although smaller scale, Obama's payroll tax cut didn't impact SS directly Hoyt Apr 2020 #3
What's jeopardizing Social Security right now customerserviceguy Apr 2020 #4
But there is income tax owed on unemployment benefits. stopbush Apr 2020 #6
True customerserviceguy Apr 2020 #8
That was a bill passed by Congress. former9thward Apr 2020 #9
Yes, but the idea came from the Greenspan Commission, and Reagan stopbush Apr 2020 #11
Yes, we need temporary UBI now... JCMach1 Apr 2020 #5
We need Sherman A1 Apr 2020 #7
+1 EarthFirst Apr 2020 #10
Damn straight,...but any floatation device in a stormy JCMach1 Apr 2020 #12

Walleye

(31,062 posts)
1. It's as plain as the nose on his fat face. The whole GOP
Fri Apr 10, 2020, 04:36 PM
Apr 2020

Has had a hard-on for Social Security, since before I knew what a hard-on was.

AirmensMom

(14,648 posts)
2. How does it even matter
Fri Apr 10, 2020, 04:37 PM
Apr 2020

if people aren't working?

I have never seen a more out-of-touch administration in my life! SMDH

 

Hoyt

(54,770 posts)
3. Although smaller scale, Obama's payroll tax cut didn't impact SS directly
Fri Apr 10, 2020, 04:37 PM
Apr 2020

because the “shortfall” was paid by General Fund. Of course, many went berserk because that tied deficits to SS to some degree.

Not really a payroll tax holiday supporter, but it does get money to people easily in short-term.

customerserviceguy

(25,183 posts)
4. What's jeopardizing Social Security right now
Fri Apr 10, 2020, 04:51 PM
Apr 2020

is that payrolls are way, way down. There's no FICA tax on unemployment compensation payments.

Frankly, the plan to have small businesses get forgivable loans with which to keep their workers on a payroll rather than on UC is a good thing for Social Security.

customerserviceguy

(25,183 posts)
8. True
Fri Apr 10, 2020, 05:35 PM
Apr 2020

I used to be a tax accountant in those days, and it pissed me off powerfully that UC got taxed. But, one of the things that did make sense during those years was the Targeted Jobs Tax Credit, which caused employers to hire from groups that have been particularly disadvantaged during the Great Recession, as we called it.

That Federal income tax does not help the Social Security trust fund. Payrolls help the fund, and I don't see a payroll tax cut as any worse than it was when there was one during the Obama Administration.

former9thward

(32,082 posts)
9. That was a bill passed by Congress.
Fri Apr 10, 2020, 06:26 PM
Apr 2020

Reagan could not have signed it into law without it being passed.

stopbush

(24,396 posts)
11. Yes, but the idea came from the Greenspan Commission, and Reagan
Fri Apr 10, 2020, 06:35 PM
Apr 2020

appointed Greenspan to that position.

EarthFirst

(2,905 posts)
10. +1
Fri Apr 10, 2020, 06:31 PM
Apr 2020

This and healthcare is ‘the new normal’ for society.

The rat-fuckers can fuck all; this is our next move to re-secure the economy.

Latest Discussions»General Discussion»Pay roll tax holiday.