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(The Hill)   Trump to GOP lawmakers in April: Hey how about a payroll tax cut? No that's farking stupid. Trump in July: Soo..in the 2nd stimulus..payroll tax cut? Lawmakers: Still no, still stupid. Trump *grabs executive order pen* OK Payroll tax cut coming up   (thehill.com) divider line
    More: Facepalm, Nancy Pelosi, President of the United States, Democratic Party, Chuck Schumer, Tax, Trump claim Coronavirus talks, executive order, payroll tax  
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1696 clicks; posted to Politics » on 07 Aug 2020 at 4:58 PM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-08-07 5:55:22 PM  

SomeAmerican: Yes, because a payroll tax cut will really help out the unemployed.


Didn't you hear? Jobs are up 1.8 million, Trump posted it on the Twitters. Unemployment is no longer an issue. </s>
 
2020-08-07 5:55:34 PM  
The insanity will continue for only ONLY a little while longer HOPEFULLY.  Then we have a little exciting time and eventually a lotta people are going to have to put their noses to the grindstone to save the economy.
 
2020-08-07 6:03:47 PM  

SomeAmerican: Yes, because a payroll tax cut will really help out the unemployed.


It's doesn't really help anyone. The US has millions of newly unemployed, and as you say a payroll tax cut won't make bugger all difference to them. Millions still have their jobs and are unaffected by Covid, so the payroll tax isn't needed to help them, and if they have any sense they'll put the tax saved into their bank in case things turn really bad. It doesn't help employers and it won't really help retailers and manufacturers because most people will probably save the cash rather than rush out and spend it. And the US government will loose billions, at the time they are having to spend billions on welfare, unemployment, bailouts, trying to save companies and jobs etc.
What exactly will this achieve?

Oh silly me. There's an election coming up and his supporters will think "Hey! Tax cut! Yay Trump!"
 
2020-08-07 6:05:38 PM  

freakdiablo: SomeAmerican: Yes, because a payroll tax cut will really help out the unemployed.

Didn't you hear? Jobs are up 1.8 million, Trump posted it on the Twitters. Unemployment is no longer an issue. </s>


Yeah, jobs are up - jobs like "Crack Whore" and "Assistant Crack Whore."
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2020-08-07 6:08:35 PM  
Imagine that, a president can just turn off or turn on a tax at will, on caprice.  Why didn't all those presidents, since the income tax amendment, do that with income tax?

Why did George Washington, lead our state militias against tax evaders in 1794 in the Whiskey Rebellion?

Maybe Trump should tax Tweets if they don't go his way.
 
2020-08-07 6:10:48 PM  
I'm guessing Dotard has never paid a dime in payroll taxes, so who is the shiatbag who keeps whispering this in his ear?
 
2020-08-07 6:31:58 PM  

Saiga410: enact a payroll tax cut by deferring the tax payments and pledging to later sign a bill forgiving the repayments.

That could be legal but it relies on the legislature to do the backfill, which they have signaled a payroll cut is a non starter.  Enjoy the 3 month loan.


Employer: "Here is your regular paycheck, and here is a separate check for the amount of your Soc Sec contribution that I would normally send to the Government. It's only a loan for now unless Congress passes a bill to reimburse me for it, but I've waive your having to repay it, if you will sign this from agreeing to release me from any liability if you or your family contract Covid19 due to your working here ..."

/and make sure you sign it using your blood ...
 
2020-08-07 6:38:53 PM  

Elliot8654: Anyone bother to tell him that the constitution explicitly says he doesn't have the power to do that?

Separation of powers?

Or are his lackeys just rolling over for him like always?


We used to think that presidents couldn't do things like that, then Barack Obama showed us the way when he said he wouldn't enforce immigration laws against certain classes of illegal aliens. Now we know that presidents can selectively enforce any damn thing they want, so welcome to a payroll tax holiday. Next, maybe we'll get half off our income taxes.
 
2020-08-07 6:52:42 PM  

jjorsett: Elliot8654: Anyone bother to tell him that the constitution explicitly says he doesn't have the power to do that?

Separation of powers?

Or are his lackeys just rolling over for him like always?

We used to think that presidents couldn't do things like that, then Barack Obama showed us the way when he said he wouldn't enforce immigration laws against certain classes of illegal aliens. Now we know that presidents can selectively enforce any damn thing they want, so welcome to a payroll tax holiday. Next, maybe we'll get half off our income taxes.


Great. You were whinging about that before now you're ok with it? Even though it was something that was always inherent in executive power? Go whine elsewhere you spineless, unAmerican, traitorous toady.
 
2020-08-07 6:54:51 PM  
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2020-08-07 6:59:11 PM  

madgonad: Parthenogenetic: jake3988: He does not have that power.  Only congress does.  That's pretty explicit in the constitution.

Pffft, he can just suspend the Constitution by executive order.

/he can't do that, right?
//RIGHT?!!

He can do anything that the Senate lets him.

/Trump has provided a valuable lesson on the flaws in our constitution


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2020-08-07 7:08:25 PM  

jake3988: He does not have that power.  Only congress does.  That's pretty explicit in the constitution.  He can delay the collection, but all that would do is make things hella confusing.

Basically you can go 'you can collect no payroll taxes for the next 3 months' but then 3 months from now, you'd need to play catch-up and collect 3 months worth all at once.

It's just all sorts of stupid.


Consider the timeline, that'll expire after the election.
 
2020-08-07 7:10:54 PM  

Icarus_Rising: Elliot8654: Anyone bother to tell him that the constitution explicitly says he doesn't have the power to do that?

Separation of powers?

Or are his lackeys just rolling over for him like always?

Yeah, the article did. He can defer the deadline for payroll tax payments from employers, but it would take congressional action to forgive those deferments. Other wise employers would have to eventually make those payments, and without some kind of assurance that congress would, in fact, pass a bill forgiving those deferred payments that money is just going to sit in a bank account accruing interest.


The ad writes itself:

"Having experienced four bankruptcies, Trump is familiar with writing checks he couldn't cash.  This executive order was another example of making a promise he has no ability to keep"
 
2020-08-07 7:19:00 PM  
Yes this would kill SS, no it isn't Trump's plan.  Trump doesn't have a plan, he just heard payroll tax cuts once, and thought it sounded good.  This is accidentally getting what Republicans wanted.
 
2020-08-07 7:21:57 PM  

Xythero: Obama was all about the payroll tax, too.  He wasted a lot of political capital enacting it and I didn't even notice it in my paycheck.


My state raised their income tax an equal amount.  They wanted to fill in the pension shortfall but instead wasted it on hookers and blow.   Great times
 
2020-08-07 7:49:31 PM  

Parthenogenetic: jake3988: He does not have that power.  Only congress does.  That's pretty explicit in the constitution.

Pffft, he can just suspend the Constitution by executive order.

/he can't do that, right?
//RIGHT?!!


Umm...
https://www.theatlantic.com/magazine/​a​rchive/2019/01/presidential-emergency-​powers/576418/
 
2020-08-07 7:57:03 PM  
So, how are we going to fund Social Security with no payroll tax revenue? The whole program was structured to NOT be financed through the General Fund.
 
2020-08-07 7:57:58 PM  

Jclark666: [Fark user image image 600x494]


Can't benefit from a payroll tax cut
If you don't have a farking JOB.
 
2020-08-07 7:58:29 PM  

You Are All Sheep: is this the first step to cutting SS?


No.

It's the first step in abolishing it completely.
 
2020-08-07 8:19:44 PM  

AAAAGGGGHHHH: So, how are we going to fund Social Security with no payroll tax revenue? The whole program was structured to NOT be financed through the General Fund.


Lockbox
 
2020-08-07 8:30:33 PM  

Elliot8654: Anyone bother to tell him that the constitution explicitly says he doesn't have the power to do that?

Separation of powers?

Or are his lackeys just rolling over for him like always?


Eh, he kind of does.

He can't change tax law, but the IRS is executive branch. He doesn't have to COLLECT it.

There's an argument there. Dems can argue against it and may very well win but then they're taking Trump to court in an election year, during a pandemic, to raise taxes... It's actually a semi competent plan from the wh. They must be exhausted from actually trying to think.
 
2020-08-07 8:33:00 PM  

FlashHarry: bloobeary: The election is lost, and the republican plan is to drive the country into a second great depression just in time for Biden to get all the blame.

They better hope they don't accidentally win like they did last time, or they're proper farked.


If they win again, they'll use the chaos caused by the second Great Depression to...well, do what their ideological ancestors in Germany did during the first one.
 
2020-08-07 9:00:34 PM  

jake3988: He does not have that power.  Only congress does.  That's pretty explicit in the constitution.  He can delay the collection, but all that would do is make things hella confusing.

Basically you can go 'you can collect no payroll taxes for the next 3 months' but then 3 months from now, you'd need to play catch-up and collect 3 months worth all at once.

It's just all sorts of stupid.


So...it's perfect for this administration and Senate?
 
2020-08-07 9:53:39 PM  

jake3988: He does not have that power.  Only congress does.  That's pretty explicit in the constitution.  He can delay the collection, but all that would do is make things hella confusing.

Basically you can go 'you can collect no payroll taxes for the next 3 months' but then 3 months from now, you'd need to play catch-up and collect 3 months worth all at once.

It's just all sorts of stupid.


Worse still, he plans to follow it up with a full waiver so that there's no catch up. That money not collected would never be collected. And Social Security's Doomsday gets moved from 2032 to 2029 or even sooner.

It's an all around giant middle finger from a tiny orange hand, aimed at everyone's Grandma.
 
2020-08-07 10:06:38 PM  

dylanthomas: freakdiablo: SomeAmerican: Yes, because a payroll tax cut will really help out the unemployed.

Didn't you hear? Jobs are up 1.8 million, Trump posted it on the Twitters. Unemployment is no longer an issue. </s>

Yeah, jobs are up - jobs like "Crack Whore" and "Assistant Crack Whore."
[Fark user image image 425x510]


And being Frank Stallone.
 
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