This would be wonderful! But what about all of us who are now retired and paid taxes all our lives and collecting social security? Where is our relief and how is social security, Medicare and Medicaid going to be funded?? These program are already struggling -- the money is going to have to come from somewhere.
Stocks bounce from worst day since 2008 crisis after Trump floats payroll-tax cut U.S. stocks were sharply higher Tuesday morning, in a partial rebound from Wall Street’s worst one day selloff since 2008, on hopes for fiscal stimulus measures from Washington aimed at helping alleviate the economic impact of the COVID-19 epidemic. ............
.............Stock-index futures found support late Monday after President Donald Trump said in a White House news conference that he would seek payroll tax relief and other measures to help businesses deal with the coronavirus outbreak. Trump said he would announce more details Tuesday, and discuss “a possible payroll tax cut or relief, substantial relief, very substantial relief, that’s big, that’s a big number,†the Associated Press reported. However, administration officials said the White House wasn’t ready to roll out specific economic proposals, CNBC reported early Tuesday, citing administration officials.............
https://www.marketwatch.com/story/after-a-brutal-day-stock-futures-gain-after-trump-floats-cuts-to-payroll-taxes-2020-03-09?mod=home-page