Why are the majority of Democrats against tax cuts for the average worker?

[healthmyths]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Senate Democrats pan Trump’s payroll tax proposal as ‘huge mistake’

Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak’s hit to the economy is a “huge mistake” that will take a “wrecking bal…

thehill.com

So what would happen if there was a payroll tax cut? The following example is not specific and is not as of 2020... but it does give an idea.

There are 158,000,000 people employed in America

U.S. total employment and unemployment rate 1980-2028 | Statista

In 2022, it was estimated that over 158 million Americans were in some form of employment, while 3.64 percent of the total workforce was unemployed.

www.statista.com

Average pay per year per employee $47,216
Payroll tax paid by employee per employee at 6.2% is about $2,927.39 per person or for all people --- $462,527,936,000
Payroll tax paid by employer per employee at 6.2% or about $2,927.39 per person or for all people --- $462,527,936,000
Total payroll tax NOT paid into $925,055,872,000.

What Does the Average American Business Look Like? - Small Business Trends

…

smallbiztrends.com

So what kind of economic GDP boost would this nearly $1 trillion mean to the economy?

The December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate taxes were the largest tax cut in United States history. Additionally, since TCJA’s passage, United States multinational enterprises have
repatriated $1 trillion in past overseas earnings that were previously invested abroad.

Two Years On, Tax Cuts Continue Boosting the United States Economy | The White House

December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate ta

www.whitehouse.gov

So what would this $1 trillion do for the US economy? For local/state tax revenues? Property taxes?

 

[Pete7469]

Democrooks oppose anything that would increase prosperity.

They're the party of hate and envy.


.

 

[Mr Natural]

Because that money goes to pay my Social Security and Medicare.

Two programs I paid into all my working days and expect every penny I’m entitled to.

 

[rightwinger]

Payroll taxes fund Social Security

Take away the revenue flow and you destabilize Social Security giving Republicans an excuse to kill it

 

[EvilCat Breath]

Democrats have and will continue to oppose everything Trump does because they have vowed not to normalize his actions as president.

 

[Rambunctious]

Democrats need them some poor and stupid folks to stay in power....

 

[LordBrownTrout]

Cut it down to 2 percent for the employee and employer and 1 percent for the self employed for five years. Doesnt really matter though, we're about to go to a digital one world currency real soon.

 

[busybee01]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Senate Democrats pan Trump’s payroll tax proposal as ‘huge mistake’

Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak’s hit to the economy is a “huge mistake” that will take a “wrecking bal…

thehill.com

So what would happen if there was a payroll tax cut? The following example is not specific and is not as of 2020... but it does give an idea.

There are 158,000,000 people employed in America

U.S. total employment and unemployment rate 1980-2028 | Statista

In 2022, it was estimated that over 158 million Americans were in some form of employment, while 3.64 percent of the total workforce was unemployed.

www.statista.com

Average pay per year per employee $47,216
Payroll tax paid by employee per employee at 6.2% is about $2,927.39 per person or for all people --- $462,527,936,000
Payroll tax paid by employer per employee at 6.2% or about $2,927.39 per person or for all people --- $462,527,936,000
Total payroll tax NOT paid into $925,055,872,000.

What Does the Average American Business Look Like? - Small Business Trends

…

smallbiztrends.com

So what kind of economic GDP boost would this nearly $1 trillion mean to the economy?

The December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate taxes were the largest tax cut in United States history. Additionally, since TCJA’s passage, United States multinational enterprises have
repatriated $1 trillion in past overseas earnings that were previously invested abroad.

Two Years On, Tax Cuts Continue Boosting the United States Economy | The White House

December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate ta

www.whitehouse.gov

So what would this $1 trillion do for the US economy? For local/state tax revenues? Property taxes?
View attachment 366361

Worth noting that REPUBLICAN Charles Grassley supports direct payments over a payroll tax cut. There are several reasons why a payroll tax cut is not a good idea.

A payroll tax cut only helps those who are working. It does not help the unemployed.

The psychological impact of a direct payment is greater than a payroll tax cut. Everyone who receives a $1200 check notices it. A payroll tax cut may or may not be noticed.

 

[LordBrownTrout]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Senate Democrats pan Trump’s payroll tax proposal as ‘huge mistake’

Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak’s hit to the economy is a “huge mistake” that will take a “wrecking bal…

thehill.com

So what would happen if there was a payroll tax cut? The following example is not specific and is not as of 2020... but it does give an idea.

There are 158,000,000 people employed in America

U.S. total employment and unemployment rate 1980-2028 | Statista

In 2022, it was estimated that over 158 million Americans were in some form of employment, while 3.64 percent of the total workforce was unemployed.

www.statista.com

Average pay per year per employee $47,216
Payroll tax paid by employee per employee at 6.2% is about $2,927.39 per person or for all people --- $462,527,936,000
Payroll tax paid by employer per employee at 6.2% or about $2,927.39 per person or for all people --- $462,527,936,000
Total payroll tax NOT paid into $925,055,872,000.

What Does the Average American Business Look Like? - Small Business Trends

…

smallbiztrends.com

So what kind of economic GDP boost would this nearly $1 trillion mean to the economy?

The December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate taxes were the largest tax cut in United States history. Additionally, since TCJA’s passage, United States multinational enterprises have
repatriated $1 trillion in past overseas earnings that were previously invested abroad.

Two Years On, Tax Cuts Continue Boosting the United States Economy | The White House

December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate ta

www.whitehouse.gov

So what would this $1 trillion do for the US economy? For local/state tax revenues? Property taxes?
View attachment 366361

Worth noting that REPUBLICAN Charles Grassley supports direct payments over a payroll tax cut. There are several reasons why a payroll tax cut is not a good idea.

A payroll tax cut only helps those who are working. It does not help the unemployed.

The psychological impact of a direct payment is greater than a payroll tax cut. Everyone who receives a $1200 check notices it. A payroll tax cut may or may not be noticed.

The unemployed have unemployment benefits. Its not supposed to help them.

 

[healthmyths]

Because that money goes to pay my Social Security and Medicare.

Two programs I paid into all my working days and expect every penny I’m entitled to.

Your SS/Medicare as mine, IS NOT paid out of a separate fund. Here are the facts:
It is called Mandatory spending...meaning regardless of the source, i.e. payroll taxes, it is an expenditure of the Federal Government.
So the Federal government wouldn't CUT your SS/Medicare payments any more can they CUT their interest payments.
The difference is Payroll taxes make out nearly 33% of revenues... BUT nearly 60% of expenditures.
So if payroll taxes were eliminated for a year, SS/Medicare still would be paid and the revenue side would increase due to the over $1.2 trillion spent by the people/companies/cities,states,etc. the GDP would increase! There is a formula that called "Multiplier effect:
The multiplier to be assigned to a dollar’s worth of retail sales (as measured at the cash register) is 1.188 ($ 1 million + $.188042 million). Every dollar that you spend results in $.188 in industrial output (mostly sales) in the rest of the economy
Each job in auto manufacturing generates 9 additional jobs.. advertising, local McD's etc... which means more jobs, more taxes under individual/other tax returns.
www2.econ.iastate.edu/research/webpapers/paper_13143.pdf

 

[HereWeGoAgain]

Democrooks oppose anything that would increase prosperity.

They're the party of hate and envy.


.

And government dependency....

 

[kyzr]

Which party will save SS and Medicare?
Democrats want open borders and free everything, killing them.
Republicans want to make them go into default sooner with payroll tax cuts.
Someone needs to step up soon.

 

[busybee01]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Senate Democrats pan Trump’s payroll tax proposal as ‘huge mistake’

Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak’s hit to the economy is a “huge mistake” that will take a “wrecking bal…

thehill.com

So what would happen if there was a payroll tax cut? The following example is not specific and is not as of 2020... but it does give an idea.

There are 158,000,000 people employed in America

U.S. total employment and unemployment rate 1980-2028 | Statista

In 2022, it was estimated that over 158 million Americans were in some form of employment, while 3.64 percent of the total workforce was unemployed.

www.statista.com

Average pay per year per employee $47,216
Payroll tax paid by employee per employee at 6.2% is about $2,927.39 per person or for all people --- $462,527,936,000
Payroll tax paid by employer per employee at 6.2% or about $2,927.39 per person or for all people --- $462,527,936,000
Total payroll tax NOT paid into $925,055,872,000.

What Does the Average American Business Look Like? - Small Business Trends

…

smallbiztrends.com

So what kind of economic GDP boost would this nearly $1 trillion mean to the economy?

The December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate taxes were the largest tax cut in United States history. Additionally, since TCJA’s passage, United States multinational enterprises have
repatriated $1 trillion in past overseas earnings that were previously invested abroad.

Two Years On, Tax Cuts Continue Boosting the United States Economy | The White House

December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate ta

www.whitehouse.gov

So what would this $1 trillion do for the US economy? For local/state tax revenues? Property taxes?
View attachment 366361

Worth noting that REPUBLICAN Charles Grassley supports direct payments over a payroll tax cut. There are several reasons why a payroll tax cut is not a good idea.

A payroll tax cut only helps those who are working. It does not help the unemployed.

The psychological impact of a direct payment is greater than a payroll tax cut. Everyone who receives a $1200 check notices it. A payroll tax cut may or may not be noticed.

The unemployed have unemployment benefits. Its not supposed to help them.

We should be helping everyone if possible. Direct payments get more bang to the buck.

 

[Slade3200]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Senate Democrats pan Trump’s payroll tax proposal as ‘huge mistake’

Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak’s hit to the economy is a “huge mistake” that will take a “wrecking bal…

thehill.com

So what would happen if there was a payroll tax cut? The following example is not specific and is not as of 2020... but it does give an idea.

There are 158,000,000 people employed in America

U.S. total employment and unemployment rate 1980-2028 | Statista

In 2022, it was estimated that over 158 million Americans were in some form of employment, while 3.64 percent of the total workforce was unemployed.

www.statista.com

Average pay per year per employee $47,216
Payroll tax paid by employee per employee at 6.2% is about $2,927.39 per person or for all people --- $462,527,936,000
Payroll tax paid by employer per employee at 6.2% or about $2,927.39 per person or for all people --- $462,527,936,000
Total payroll tax NOT paid into $925,055,872,000.

What Does the Average American Business Look Like? - Small Business Trends

…

smallbiztrends.com

So what kind of economic GDP boost would this nearly $1 trillion mean to the economy?

The December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate taxes were the largest tax cut in United States history. Additionally, since TCJA’s passage, United States multinational enterprises have
repatriated $1 trillion in past overseas earnings that were previously invested abroad.

Two Years On, Tax Cuts Continue Boosting the United States Economy | The White House

December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate ta

www.whitehouse.gov

So what would this $1 trillion do for the US economy? For local/state tax revenues? Property taxes?
View attachment 366361

You act confused about why the cut is being opposed but it is explained pretty clearly in the article you posted... did you read it?

They are worried about the effects it will have on social security and think it will lean to heavy on Corporations and not enough on people who are out of work because of the Corona virus.

I heard an interview of Mnuchin this morning and he said they are cutting the payroll tax cut from the plan as it takes too long to take effect and given the crisis we are in direct payments to those in need is a better route. I agree.

 

[Norman]

Biden wants to raise taxes. It is never enough for the slave masters.

 

[kaz]

Senate Democrats pan Trump's payroll tax proposal as 'huge mistake'
Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak's hit to the economy is a “huge mistake” that will take a “wrecking ball” to Social Security.

They are vowing to oppose it even though many of them supported President Obama’s decision to cut payroll taxes in 2011 ahead of his 2012 reelection.

Senate Democrats pan Trump’s payroll tax proposal as ‘huge mistake’

Senate Democrats say President Trump’s plan to dramatically cut payroll taxes as a response to the coronavirus outbreak’s hit to the economy is a “huge mistake” that will take a “wrecking bal…

thehill.com

So what would happen if there was a payroll tax cut? The following example is not specific and is not as of 2020... but it does give an idea.

There are 158,000,000 people employed in America

U.S. total employment and unemployment rate 1980-2028 | Statista

In 2022, it was estimated that over 158 million Americans were in some form of employment, while 3.64 percent of the total workforce was unemployed.

www.statista.com

Average pay per year per employee $47,216
Payroll tax paid by employee per employee at 6.2% is about $2,927.39 per person or for all people --- $462,527,936,000
Payroll tax paid by employer per employee at 6.2% or about $2,927.39 per person or for all people --- $462,527,936,000
Total payroll tax NOT paid into $925,055,872,000.

What Does the Average American Business Look Like? - Small Business Trends

…

smallbiztrends.com

So what kind of economic GDP boost would this nearly $1 trillion mean to the economy?

The December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate taxes were the largest tax cut in United States history. Additionally, since TCJA’s passage, United States multinational enterprises have
repatriated $1 trillion in past overseas earnings that were previously invested abroad.

Two Years On, Tax Cuts Continue Boosting the United States Economy | The White House

December 22 marks 2 years since President Donald J. Trump signed the Tax Cuts and Jobs Act (TCJA). TCJA’s pro-growth reforms of individual and corporate ta

www.whitehouse.gov

So what would this $1 trillion do for the US economy? For local/state tax revenues? Property taxes?
View attachment 366361

Democrats want people to be dependent on government. The more able they are to work and pay their own bills, the less dependent on government they are.

Democrats can't have that

 

[kaz]

Because that money goes to pay my Social Security and Medicare.

Two programs I paid into all my working days and expect every penny I’m entitled to.

Social Security and Medicare are welfare programs. You didn't "pay into" them. The money was spent as it came in. None of it was ever saved.

Welfare: Money is collected from taxpayers and paid to people who don't work

Social Security and Medicare: Money is collected from taxpayers and paid to people who don't work.

Now if you didn't save enough and you feel justified being on welfare, that's fine. But you can't claim when zero of the money you are receiving was money saved from your paycheck that it's not welfare

 

[kaz]

Payroll taxes fund Social Security

Take away the revenue flow and you destabilize Social Security giving Republicans an excuse to kill it

I wish. But you're delusional, they will never do that