Post by mhbruin on Aug 9, 2020 16:57:37 GMT -8
Trump promised to essentially destroy Social Security if he is re-elected. There are already issues with the solvency of the program (although they can be fixed with a little political will.) A permanent cut in payroll taxes, would almost guarantee the end of Social Security as we know it.
Trump has give Biden a remarkable campaign issue.
"President Donald Trump vowed on Saturday to scrap the payroll tax, a funding mechanism for Social Security and Medicare, if he wins re-election.
'If I'm victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,' Trump said at a press conference announcing executive actions on coronavirus relief. Experts say the move to cut payroll taxes would further erode the shaky finances of both programs."
Source
Trump has put the last nail in his own coffin. Biden just needs to pick up the hammer.
Trump has give Biden a remarkable campaign issue.
"President Donald Trump vowed on Saturday to scrap the payroll tax, a funding mechanism for Social Security and Medicare, if he wins re-election.
'If I'm victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,' Trump said at a press conference announcing executive actions on coronavirus relief. Experts say the move to cut payroll taxes would further erode the shaky finances of both programs."
Source
Trump has put the last nail in his own coffin. Biden just needs to pick up the hammer.
