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

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.

Crossing fingers.a reply to: Deplorable

a reply to: Deplorable



Can't argue with more money!

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.

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?

a reply to: Deplorable
What will the Democrats have to say about it?

a reply to: chr0naut

The money is a scam- that print it from thin air and it's at a breaking point.
More money in the pockets of the working class would be a nice way to ride it to the bitter end.

a reply to: Deplorable

They should tax capital gains, not living wages or other neccessities.

The tax should come from profit. That means that if the government can increase everyone's profitability, then the government gets a stronger economy and more money.

originally posted by: butcherguy
a reply to: Deplorable
What will the Democrats have to say about it?

Ooooo ... that's an interesting thought!!

That would go a very long way in gaining approval from the waning ones on the right (we know you exist, you've posted on here) and gaining approval from the left leaners. However, the pessimist in me is yelling, "If it SOUNDS too good to be true, then IT PROBABLY IS." I'd be damn surprised if this actually goes any further than just a pitch, the government is NOT going to give up that much revenue just like that.

a reply to: a325nt

Meh that’s bullcrap, we were born into this system, we don’t have a better one, just the losers beg for anarchy. If such a thing existed it would not last long we would be killing people in the thousands begging for this system to come back would be common place.. remember the good ole days

Playing my video game

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.

originally posted by: butcherguy
a reply to: Deplorable
What will the Democrats have to say about it?

Of course the deranged Dem cult is against it.

Dems condemning Trump's proposed payroll tax cut after previously supporting Obama's

www.foxnews.com...

originally posted by: chr0naut
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?

Social Security and Medicare which, let's be rational here, will have significantly less immediate importance if Coronavirus is as brutal against elders and the chronically afflicted as experts are saying it seems to be. Meanwhile, the consumer confidence and spending driven stock market has absolutely immediate importance now and later to anyone with gainful employment as well as *most* retirees.

a reply to: Deplorable

I’m going to pass on this one.
It sounds good in theory but not in practice.

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

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

originally posted by: AugustusMasonicus

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

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

A country has to have gains before they can be taxed, no?

originally posted by: burdman30ott6
A country has to have gains before they can be taxed, no?

I suppose they could start by trying to tax Peter Jackson on his profits from that film series about midgets who love jewelry.

originally posted by: burdman30ott6

originally posted by: AugustusMasonicus

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

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

A country has to have gains before they can be taxed, no?

Actually, NZ is REALLY business-friendly and practices free market capitalism.

Something some of their citizens don't seem to understand, although they have no problem bragging about their freedom index as a country.

originally posted by: chr0naut
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?

Same place the liberals want to get the 31 billion...I guess.