Trump to Suspend Payroll Taxes Till End of Year

[bripat9643]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

I think it's a bad idea. It would take low income people off the tax rolls entirely.

 

[rightwinger]

Social Security and Medicare are marginally funded by payroll taxes.

Cutting that revenue would kill both programs
Just what Republicans want

 

[rightwinger]

Conservatives, of course, will attempt to advance the lie that absent a payroll tax, workers will have ‘more money’ to save for retirement.

Such dishonest sophistry is as idiotic as it is wrong.

Take away that money and employers will just keep it. Workers will have little saved before retirement. Just like before Social Security and Medicare

 

[Missouri_Mike]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

At some point soon this Ponzi Scheme has got to die. We can’t continue to borrow and steal to keep it afloat. The public needs a serious education on this scam. First of all your ROI is 1%. Which is pathetic. Investors jump from high rises if they only get 1% but the government pats themselves on the back for doing so poorly.

So what that leaves us is options and which ones to choose. Current retirees are obviously screwed. We have to keep paying them. Others could be given the chance to opt out. I think the majority would and we could give them a combination of buy outs and short term bonds. That leaves a few staying in to pay for. Younger workers could be given treasury bonds or something they can cash out in say 50 years. Now, what rate do the bonds cash out at? That needs answered.

But basically we start ending this failure systematically. We may have to keep part of the SS tax for current retirees. But with a hard time limit and it ends.

The rest of us get instant raises and can negotiate for our share of what the employer was paying in. It’s a win win.

 

[rightwinger]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

At some point soon this Ponzi Scheme has got to die. We can’t continue to borrow and steal to keep it afloat. The public needs a serious education on this scam. First of all your ROI is 1%. Which is pathetic. Investors jump from high rises if they only get 1% but the government pats themselves on the back for doing so poorly.

So what that leaves us is options and which ones to choose. Current retirees are obviously screwed. We have to keep paying them. Others could be given the chance to opt out. I think the majority would and we could give them a combination of buy outs and short term bonds. That leaves a few staying in to pay for. Younger workers could be given treasury bonds or something they can cash out in say 50 years. Now, what rate do the bonds cash out at? That needs answered.

But basically we start ending this failure systematically. We may have to keep part of the SS tax for current retirees. But with a hard time limit and it ends.

The rest of us get instant raises and can negotiate for our share of what the employer was paying in. It’s a win win.

What do you tell hundreds of millions of retirees And workers who paid in their entire working lives and now have no Social Security or Medicare?

Sorry, but Trump needed to get re-elected

 

[Missouri_Mike]

Conservatives, of course, will attempt to advance the lie that absent a payroll tax, workers will have ‘more money’ to save for retirement.

Such dishonest sophistry is as idiotic as it is wrong.

Take away that money and employers will just keep it. Workers will have little saved before retirement. Just like before Social Security and Medicare

Some may try to but why would you let them.

You could easily have them put your part and theirs into your 401K at least.

 

[Missouri_Mike]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

At some point soon this Ponzi Scheme has got to die. We can’t continue to borrow and steal to keep it afloat. The public needs a serious education on this scam. First of all your ROI is 1%. Which is pathetic. Investors jump from high rises if they only get 1% but the government pats themselves on the back for doing so poorly.

So what that leaves us is options and which ones to choose. Current retirees are obviously screwed. We have to keep paying them. Others could be given the chance to opt out. I think the majority would and we could give them a combination of buy outs and short term bonds. That leaves a few staying in to pay for. Younger workers could be given treasury bonds or something they can cash out in say 50 years. Now, what rate do the bonds cash out at? That needs answered.

But basically we start ending this failure systematically. We may have to keep part of the SS tax for current retirees. But with a hard time limit and it ends.

The rest of us get instant raises and can negotiate for our share of what the employer was paying in. It’s a win win.

What do you tell hundreds of millions of retirees And workers who paid in their entire working lives and now have no Social Security or Medicare?

Sorry, but Trump needed to get re-elected

I just told you. Are you stupid or something?

 

[Oddball]

Conservatives, of course, will attempt to advance the lie that absent a payroll tax, workers will have ‘more money’ to save for retirement.

Such dishonest sophistry is as idiotic as it is wrong.

Most working Americans live from paycheck to paycheck – the consequence of wages which have remained stagnant for decades. The meager funds not subject to a payroll tax are nowhere near enough to save for retirement, and will likely be used for emergencies, such as car repairs and medical bills.

Social Security and Medicare work – they need to be funded and protected from the likes of Trump.

Social Insecurity gives no better than a 1% ROI....If you add in inflation, that's no better an "investment" than stuffing cash into mason jars and burying them in the back yard....Go piss up a rope.

Oh, and....

 

[rightwinger]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

At some point soon this Ponzi Scheme has got to die. We can’t continue to borrow and steal to keep it afloat. The public needs a serious education on this scam. First of all your ROI is 1%. Which is pathetic. Investors jump from high rises if they only get 1% but the government pats themselves on the back for doing so poorly.

So what that leaves us is options and which ones to choose. Current retirees are obviously screwed. We have to keep paying them. Others could be given the chance to opt out. I think the majority would and we could give them a combination of buy outs and short term bonds. That leaves a few staying in to pay for. Younger workers could be given treasury bonds or something they can cash out in say 50 years. Now, what rate do the bonds cash out at? That needs answered.

But basically we start ending this failure systematically. We may have to keep part of the SS tax for current retirees. But with a hard time limit and it ends.

The rest of us get instant raises and can negotiate for our share of what the employer was paying in. It’s a win win.

What do you tell hundreds of millions of retirees And workers who paid in their entire working lives and now have no Social Security or Medicare?

Sorry, but Trump needed to get re-elected

I just told you. Are you stupid or something?

You told retirees and working Americans......Sorry, but Fuck You

There are no trillions of dollars sitting around to pay them while we wean ourselves off of Social Security and Medicare.

Which insurance companies do you envision to pick up the 65 and older population on Medicare? I’m sure they will line up to get that demographic.

Trump is a callous fool

 

[Missouri_Mike]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

At some point soon this Ponzi Scheme has got to die. We can’t continue to borrow and steal to keep it afloat. The public needs a serious education on this scam. First of all your ROI is 1%. Which is pathetic. Investors jump from high rises if they only get 1% but the government pats themselves on the back for doing so poorly.

So what that leaves us is options and which ones to choose. Current retirees are obviously screwed. We have to keep paying them. Others could be given the chance to opt out. I think the majority would and we could give them a combination of buy outs and short term bonds. That leaves a few staying in to pay for. Younger workers could be given treasury bonds or something they can cash out in say 50 years. Now, what rate do the bonds cash out at? That needs answered.

But basically we start ending this failure systematically. We may have to keep part of the SS tax for current retirees. But with a hard time limit and it ends.

The rest of us get instant raises and can negotiate for our share of what the employer was paying in. It’s a win win.

What do you tell hundreds of millions of retirees And workers who paid in their entire working lives and now have no Social Security or Medicare?

Sorry, but Trump needed to get re-elected

I just told you. Are you stupid or something?

You told retirees and working Americans......Sorry, but Fuck You

There are no trillions of dollars sitting around to pay them while we wean ourselves off of Social Security and Medicare.

Which insurance companies do you envision to pick up the 65 and older population on Medicare? I’m sure they will line up to get that demographic.

Trump is a callous fool

Wait, so we don’t have all this money to wean ourselves off of this scam but we do have trillions to keep it going forever. That’s your fucking come back.

 

[Dont Taz Me Bro]

He has a pen and is not afraid to use it. Like Obama, what congress or the people want, can be circumvented and should given what the dems have been pulling.

Remember that when the next Democratic president decides to use their pen for gun control. Kamala already said she would.

 

[Missouri_Mike]

He has a pen and is not afraid to use it. Like Obama, what congress or the people want, can be circumvented and should given what the dems have been pulling.

Remember that when the next Democratic president decides to use their pen for gun control. Kamala already said she would.

We don’t have to wait. It already happened with illegals.

 

[mikegriffith1]

These are the kinds of silly, unrealistic ideas that might enable Biden to win the election. Of course we are not going to abolish the payroll tax. How would we fund Social Security?

 

[kyzr]

These are the kinds of silly, unrealistic ideas that might enable Biden to win the election. Of course we are not going to abolish the payroll tax. How would we fund Social Security?

Unless they are "fixed" Medicare will be bankrupt in 2026, and Social Security "insolvent" in 2037, paying only 92% of promised benefits. Those assumptions are based on current payroll tax rates.

In the debates, someone needs to ask Trump and Biden WTF they would do to "fix" SS and Medicare before they go bankrupt.

 

[BS Filter]

And the moonbats start the lies.....
The President was very clear that Social Security and Medicare will still be funded.

How?

Go ask Facebook fact checkers.

 

[BS Filter]

And the moonbats start the lies.....
The President was very clear that Social Security and Medicare will still be funded.

I don't trust anything liars say.

Yet, you're voting for Biden. Liar.

 

[rightwinger]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

At some point soon this Ponzi Scheme has got to die. We can’t continue to borrow and steal to keep it afloat. The public needs a serious education on this scam. First of all your ROI is 1%. Which is pathetic. Investors jump from high rises if they only get 1% but the government pats themselves on the back for doing so poorly.

So what that leaves us is options and which ones to choose. Current retirees are obviously screwed. We have to keep paying them. Others could be given the chance to opt out. I think the majority would and we could give them a combination of buy outs and short term bonds. That leaves a few staying in to pay for. Younger workers could be given treasury bonds or something they can cash out in say 50 years. Now, what rate do the bonds cash out at? That needs answered.

But basically we start ending this failure systematically. We may have to keep part of the SS tax for current retirees. But with a hard time limit and it ends.

The rest of us get instant raises and can negotiate for our share of what the employer was paying in. It’s a win win.

What do you tell hundreds of millions of retirees And workers who paid in their entire working lives and now have no Social Security or Medicare?

Sorry, but Trump needed to get re-elected

I just told you. Are you stupid or something?

You told retirees and working Americans......Sorry, but Fuck You

There are no trillions of dollars sitting around to pay them while we wean ourselves off of Social Security and Medicare.

Which insurance companies do you envision to pick up the 65 and older population on Medicare? I’m sure they will line up to get that demographic.

Trump is a callous fool

Wait, so we don’t have all this money to wean ourselves off of this scam but we do have trillions to keep it going forever. That’s your fucking come back.

No scam, hundreds of millions of retirees have relied on it for 80 years. Medicare is the backbone of senior health insurance.

 

[rightwinger]

Unless they are "fixed" Medicare will be bankrupt in 2026, and Social Security "insolvent" in 2037, paying only 92% of promised benefits. Those assumptions are based on current payroll tax rates.

Exactly
So how fast do they go bankrupt if Trump strips away the payroll tax?

It needs to be increased, not cut

 

[Crepitus]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

It's almost like he doesn't want to win. We all know that's where the retired folks get their SS. He will alienate them all.

 

[rightwinger]

LOL. Is he for real? Does he honestly believe people are going to fall for this ruse? This will NEVER get through Congress. Even if he were to get another Republican majority in the House it will never pass. How will Social Security and Medicare be funded without this tax? We already have massive deficits.

Trump vows to permanently end payroll tax in 2021 if he’s reelected

WASHINGTON — President Trump on Wednesday vowed to permanently abolish the payroll tax at the beginning of 2021 if he is re-elected in November. “On the assumption I win, we are going t…

nypost.com

It's almost like he doesn't want to win. We all know that's where the retired folks get their SS. He will alienate them all.

He will lay some of that Trump math on Seniors

Eliminate payroll taxes while he increases benefits