Looks Like Biden Can't Remember How Much He Loves Payroll Tax Cuts
Bronson Stocking
Posted: Aug 09, 2020 5:45 PM
Former Vice President and presumptive Democratic Presidential Candidate Joe Biden is a big fan of payroll tax cuts, at least he was until Trump deferred payroll taxes on Saturday. Unable to do much from his basement in Delaware, Biden is complaining about the executive action President Trump undertook to provide relief to millions of Americans in the midst of the Wuhan coronavirus pandemic.
In one of four executive orders signed on Saturday, President Trump deferred payroll taxes for American workers with bi-weekly incomes of less than $4,000 on a pre-tax basis. The deferral begins on September 1 and runs through the end of the year. The deferral puts more money directly in the pockets of American workers.
In a 2011 op-ed, then-Vice President Joe Biden was extolling payroll tax cuts as "real money for real people," calling the cuts "extra money" that Americans "can use to help with bills and groceries, or even to upgrade appliances or make their home more energy efficient." Biden wrote that payroll tax cuts will fuel the economy, "spurring growth and creating jobs."
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https://townhall.com/tipsheet/bronsonstocking/2020/08/09/biden-loved-payroll-tax-cuts-until-trump-did-them-n2573989
