Wednesday , July 3 2024
Home / Mike Norman Economics / Trump admin discussing temporary payroll tax cut

Trump admin discussing temporary payroll tax cut

Summary:
Can't wait to see the political left  k/year tuition student loan funded liberal art trained morons come out against this... can hear them now:  "deficit too big!!!" It is doubtful the Democratic-controlled House would even pass a payroll tax. The 6.2% tax helps to fund Medicare and Social Security, two massive programs Democrats have repeatedly warned against altering.  Rep. John Larson, D-Conn., has proposed a plan to raise the payroll tax to keep Social Security solvent. White House reportedly looks at payroll tax cut as a way to stop an economic downturn https://t.co/A7G0rrTyyU — CNBC (@CNBC) August 19, 2019 Double triggers...

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Theory and reality in economics

Angry Bear writes For Some Reason AB was down. Anyone care for an Open Thread?

Bill Haskell writes Now he says the press is failing our democracy.

Matias Vernengo writes Podcast with about the never ending crisis in Argentina


Can't wait to see the political left  $50k/year tuition student loan funded liberal art trained morons come out against this... can hear them now:  "deficit too big!!!"

It is doubtful the Democratic-controlled House would even pass a payroll tax. The 6.2% tax helps to fund Medicare and Social Security, two massive programs Democrats have repeatedly warned against altering. 
Rep. John Larson, D-Conn., has proposed a plan to raise the payroll tax to keep Social Security solvent.

Double triggers...

Trump admin discussing temporary payroll tax cut

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *