Trump insistent on payroll tax cut via executive action despite lack of interest from employers
by Nihal Krishan, Economic Policy Reporter |
| September 21, 2020 06:29 AM
President Trump is insistent on pushing payroll tax cuts through executive action, according to a top adviser, even though employers have expressed little interest in the arrangement and it has allowed Joe Biden to attack him as undermining Social Security.
"He really wants to keep pushing the payroll tax cut," said Stephen Moore, an outside economic adviser to Trump.
"Trump's really frustrated that people don't get this and aren't taking full advantage of it. He truly feels it could be a big boost for everyday people and the economy at large," Moore told the Washington Examiner. Moore met with Trump and multiple senior White House officials on Wednesday.
Trump, in August, created a way for employers to suspend payroll taxes for workers under a certain income threshold and has said that he hopes to get Congress to pass legislation to forgive the tax liabilities. The program has proven difficult and risky to administer, though, and virtually no companies have opted for it.
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