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Trump pitched 0% payroll tax rate for the rest of the year

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posted on Mar, 10 2020 @ 08:24 PM
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originally posted by: Deplorable
Here's something I just stumbled across:

Link


President Donald Trump, in a meeting with Republican lawmakers on Capitol Hill Tuesday, pitched a 0% payroll tax rate that would last through the rest of this year, a White House official told CNBC.

and

There was also discussion of making the payroll tax rollback permanent, said the official

Best news I heard all day.


So, in other words, it would last just long enough to help Trump get re-elected.

But how would it, in any way shape or form, help the country get through the COVID-19 outbreak?

Would it reduce the number of people who are likely to get the virus? No.

Would it accelerate the creation of medical treatments or vaccines? No.

Would it make more emergency hospital beds and ventilators available in a couple of months when the peak of the epidemic hits? No.

Would it provide treatment for the people who still don’t have health insurance or who have insurance that wouldn’t cover this? No.

Would it help the millions of people who live paycheck to paycheck and will have to take time off to take care of their kids when schools close? No.

Would it provide immediate support for all of the people who are about to get laid off because they work in the travel, restaurant, public event, and other sectors of the economy? No.

Would the increased economic demand that this would create actually increase supply when the workforce is occupied with dealing with sickness, quarantine, etc. and unable to actually produce or transport anything, actually have a stimulus effect on the economy? No, it will just ramp up inflation.

Can anyone explain exactly how this would be expected to have a positive effect on the public health situation?




posted on Mar, 10 2020 @ 08:25 PM
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How about anyone who makes less than 500k gets no tax....



posted on Mar, 10 2020 @ 08:27 PM
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a reply to: 1947boomer

It would offset losses businesses are taking right now because of the virus.

The EMPLOYERS.

You know... the economic effect of the virus.

Think much?

/facepalm



posted on Mar, 10 2020 @ 08:29 PM
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originally posted by: Xtrozero
How about anyone who makes less than 500k gets no tax....


How about anyone who makes money pays the same tax rate.

You know... economic equality.

Isn't the left all about equality?



edit on 10-3-2020 by Lumenari because: (no reason given)



posted on Mar, 10 2020 @ 08:32 PM
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Why am I not surprised to see people actually upset over the idea of people keeping more of what they earn.

It just goes to show that leftists and the leftist ideology is just a front for communism.



posted on Mar, 10 2020 @ 08:37 PM
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originally posted by: AugustusMasonicus

originally posted by: chr0naut
They should tax capital gains...


Sort of like how New Zealand, your home country, doesn't?


We do, but we actually hide it, so the overseas investors won't get too skittish.

Capital gains tax NZ: What to know - Canstar Blue



posted on Mar, 10 2020 @ 08:43 PM
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a reply to: chr0naut

It's only on real estate, which I knew already. Most capital gains in the United States are on stock sales.



posted on Mar, 10 2020 @ 08:45 PM
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originally posted by: DBCowboy
Why am I not surprised to see people actually upset over the idea of people keeping more of what they earn.

It just goes to show that leftists and the leftist ideology is just a front for communism.




Maybe because we’ve learned to NEVER! trust ANY government official claiming to want to “help” us?

Maybe because we’ve learned that when they offer to let us keep more of our money, today, it’s because that have already figured out how to take it all back, and more, Tomorrow!

How many times do we need to be fooled this way before we learn?



posted on Mar, 10 2020 @ 08:46 PM
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originally posted by: Lumenari

originally posted by: Xtrozero
How about anyone who makes less than 500k gets no tax....


How about anyone who makes money pays the same tax rate.

You know... economic equality.

Isn't the left all about equality?




If you want equality how about we all pay the exact same amount? Its like one person buys a loaf of bread for 1 buck while another pays 100 bucks for the same loaf.



posted on Mar, 10 2020 @ 08:49 PM
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a reply to: 1947boomer

He’s running unopposed

He certainly doesn’t need ‘help’ to win re election



posted on Mar, 10 2020 @ 08:50 PM
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Trump pitched 0% payroll tax rate for the rest of the year


Anything to help his e-election in the midst of a pandemic he is too incompetent to address.



posted on Mar, 10 2020 @ 08:52 PM
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originally posted by: Xtrozero

originally posted by: Lumenari

originally posted by: Xtrozero
How about anyone who makes less than 500k gets no tax....


How about anyone who makes money pays the same tax rate.

You know... economic equality.

Isn't the left all about equality?




If you want equality how about we all pay the exact same amount? Its like one person buys a loaf of bread for 1 buck while another pays 100 bucks for the same loaf.


How about that's the stupidest idea I've read online this year so far?

How is that in ANY way equality?

So the person that makes 40K a year owes $50,000.... and the person that makes 1 Million a year owes $50,000?

How about we all pay the same percentage?

You know, not punish the successful and reward failure.

Think before hitting the reply button please.

/facepalm

edit on 10-3-2020 by Lumenari because: (no reason given)



posted on Mar, 10 2020 @ 08:53 PM
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originally posted by: Liquesence

Trump pitched 0% payroll tax rate for the rest of the year


Anything to help his e-election in the midst of a pandemic he is too incompetent to address.


Trump needs help with his re-election?

Why?

He's got Biden and Bernie.

All the help he'll ever need.




posted on Mar, 10 2020 @ 08:59 PM
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a reply to: Lumenari

If the payroll tax cut is a response to Corvid, then according to him it will be gone by "the warm weather," so extending it throughout the year and past the election, only seeks to gain support from people because "yeah more money 'murica."

It's not about the virus, it's about shoring votes for the election, which is why the extension is proposed.

Not too hard to see.




He's got Biden


To beat him like a drum.
edit on 10-3-2020 by Liquesence because: (no reason given)



posted on Mar, 10 2020 @ 09:01 PM
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originally posted by: mtnshredder

originally posted by: chr0naut

originally posted by: DBCowboy
a reply to: Deplorable



Can't argue with more money!




Money talks, but it doesn't listen.



You have to ask, though, where all the extra money that the government doesn't get from payroll tax anymore, is going to come from?

What if we stopped paying billions of dollars into welfare for illegals? It wouldn’t hurt if the House stopped spending millions of dollars on manufactured hatred, that money could go to better causes, like the situation we’re in now.


No, the situation you are in now is that the rich people rule you and they have always done so and they want to protect their money from you, but always be able to get money from you.

Just stop paying welfare to non-citizens who make no attempt for years to become citizens. That is the solution to that.



posted on Mar, 10 2020 @ 09:02 PM
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originally posted by: infolurker

originally posted by: DBCowboy
a reply to: Deplorable



Can't argue with more money!



Hell, I wish they would make it permanent and just do national sales tax for revenue.


Woah there! Not so fast. You do realize only business pay payroll tax and this does not mean "personal income tax" right? I agree with you but dont want you to think this is anything other than what it is.



posted on Mar, 10 2020 @ 09:04 PM
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originally posted by: AugustusMasonicus
a reply to: chr0naut

It's only on real estate, which I knew already. Most capital gains in the United States are on stock sales.


But profit is profit. It is clean unencumbered money.



posted on Mar, 10 2020 @ 09:04 PM
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originally posted by: Liquesence
a reply to: Lumenari

If the payroll tax cut is a response to Corvid, then according to him it will be gone by "the warm weather," so extending it throughout the year and past the election, only seeks to gain support from people because "yeah more money 'murica."

It's not about the virus, it's about shoring votes for the election, which is why the extension is proposed.

Not too hard to see.



It's not to hard to see if you live in Narnia, I guess...

To actual Americans, it means more money in their pockets.

God forbid a President allows us o keep more of our own money, AmIRight?

On a side note, a fun fact for you....

Trump so far, running unopposed in this primary, has gotten the most votes in history for a Republican.

So when he wins the popular vote too, are you going to keep up with your argument that the popular vote matters?

Well, except in the Democratic primaries, of course.

Where the "will of the People" doesn't seem to matter at all.




posted on Mar, 10 2020 @ 09:06 PM
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originally posted by: infolurker

originally posted by: DBCowboy
a reply to: Deplorable



Can't argue with more money!



Hell, I wish they would make it permanent and just do national sales tax for revenue.


A national consumption tax would tax all monies equally black market, day workers and drug and sex monies. I've been in favor for a national sales tax on non essential for years.



posted on Mar, 10 2020 @ 09:08 PM
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a reply to: Lumenari

“Popular vote”

They won’t be mentioning those words ever again after this November

The ‘popular vote’ is most definitely President Trump’s this time around



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