Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'

[mystery-ak]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
By Alexander Bolton - 03/11/20 03:39 PM EDT


Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Democrats argue that tax cuts won’t help people who miss work because of the coronavirus.

Sen. Ron Wyden (Ore.), the senior Democrat on the Finance Committee, called Trump’s payroll tax proposal a “huge mistake” that would “amount to hundreds of billions of dollars in tax cuts for big corporations.”

more
https://thehill.com/homenews/senate/487091-senate-democrats-pan-trumps-payroll-tax-proposal-as-huge-mistake

[Hoodat]

Democrats are idiots.

[Hoodat]

Sen. Ron Wyden (Ore.), the senior Democrat on the Finance Committee, called Trump’s payroll tax proposal a “huge mistake” that would “amount to hundreds of billions of dollars in tax cuts for big corporations.”

Total projected revenue from corporate taxes for this tax year (before coronavirus) is $284 billion.  So explain to me how a rollback on individual payroll taxes is going to cost the government more corporate tax revenue than corporations were even projected to pay?  Like I said, idiots.

[libertybele]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
By Alexander Bolton - 03/11/20 03:39 PM EDT


Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Democrats argue that tax cuts won’t help people who miss work because of the coronavirus.

Sen. Ron Wyden (Ore.), the senior Democrat on the Finance Committee, called Trump’s payroll tax proposal a “huge mistake” that would “amount to hundreds of billions of dollars in tax cuts for big corporations.”

more
https://thehill.com/homenews/senate/487091-senate-democrats-pan-trumps-payroll-tax-proposal-as-huge-mistake

Anything that Trump proposes that would help this country, the economy and the average American the DEMS oppose.  They are a despicable, deplorable group and I see them as anti-America.