It’s Time to Talk About Social Security. No More Waiting.

Even before the pandemic, Social Security’s finances were under growing pressure. The next president and Congress will play a crucial role in what happens next.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-taxes-us, #payroll-tax, #presidential-election-of-2020, #recession-and-depression, #retirement, #social-security-us, #trump-donald-j, #united-states-politics-and-government

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Trump’s Payroll Tax ‘Cut’ Fizzles

Big companies say the president’s directive to delay collection of the tax that funds Social Security is more trouble than it is worth. Federal employees are upset they are stuck with it.

#corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #layoffs-and-job-reductions, #payroll-tax, #social-security-us, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #united-states-economy

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White House Wants Companies to Foot Payroll Tax Bill for Workers

The Treasury Department has not been willing to issue guidance making it clear that companies will be on the hook for deferred taxes, further delaying crucial information for businesses.

#coronavirus-2019-ncov, #corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #payroll-tax, #taxation, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Trump’s Push to Cut Payroll Taxes Opens a Democratic Line of Attack

Because the taxes provide funding for Social Security, Democrats have seized on the issue as they try to erode support for the president among older voters.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-budget-us, #payroll-tax, #presidential-election-of-2020, #stimulus-economic, #taxation, #trump-donald-j, #united-states-politics-and-government

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Trump’s Payroll Tax Holiday Order Gives Employers a New Dilemma

Businesses are grappling with difficult legal and logistical questions about how to respond to the president’s payroll-tax holiday order.

#executive-orders-and-memorandums, #federal-taxes-us, #layoffs-and-job-reductions, #payroll-tax, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

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Trump Sends In the Economic Quacks

Now he’s prescribing hydroxychloroquine to fight recession.

#coronavirus-2019-ncov, #coronavirus-reopenings, #federal-taxes-us, #medicare, #moore-stephen-1960, #payroll-tax, #presidential-election-of-2020, #social-security, #taxation, #trump-donald-j

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Will Trump’s Executive Directives Provide Relief?

Because Congress controls federal spending, at least some of the measures will almost certainly be challenged in court. Or they may become moot if Congress reaches a deal.

#coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #evictions, #executive-orders-and-memorandums, #federal-emergency-management-agency, #federal-taxes-us, #internal-revenue-service, #layoffs-and-job-reductions, #mnuchin-steven-t, #payroll-tax, #pelosi-nancy, #personal-finances, #states-us, #student-loans, #treasury-department, #trump-donald-j, #unemployment-insurance, #united-states-politics-and-government, #wages-and-salaries

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Administration Officials Defend Executive Action on Pandemic Relief

Democrats criticized President Trump’s directives and called on top administration officials to resume talks over a broader agreement.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #executive-orders-and-memorandums, #federal-aid-us, #federal-budget-us, #federal-taxes-us, #house-of-representatives, #kudlow-lawrence-a, #labor-and-jobs, #mnuchin-steven-t, #payroll-tax, #pelosi-nancy, #schumer-charles-e, #senate, #small-business, #stimulus-economic, #treasury-department, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Republicans, Deeply Divided on Virus Aid, Near Agreement on Opening Offer

Republicans said they had reached an agreement in principle on their opening bid for coronavirus relief, but they remain divided. They have yet to even begin negotiating with Democrats.

#coronavirus-2019-ncov, #federal-budget-us, #law-and-legislation, #mcconnell-mitch, #mnuchin-steven-t, #payroll-tax, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Republicans, Deeply Divided on Coronavirus Stimulus, Near Agreement on Opening Offer

Republicans said they had reached an agreement in principle on their opening bid for coronavirus relief, but they remain divided. They have yet to even begin negotiating with Democrats.

#coronavirus-2019-ncov, #federal-budget-us, #law-and-legislation, #mcconnell-mitch, #mnuchin-steven-t, #payroll-tax, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Trump Eyes New Tax Cuts for Next Stimulus Package

The president and his advisers are mulling a variety of deductions and rate cuts meant to help businesses, workers and investors, setting up a clash with Democrats.

#coronavirus-2019-ncov, #corporate-taxes, #federal-taxes-us, #payroll-tax, #recession-and-depression, #tax-credits-deductions-and-exemptions, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Talks Begin on Stimulus Plan as Trump Plays Down Virus Threat

A proposal to eliminate payroll taxes through the end of the year, estimated to cost $700 billion, faces bipartisan opposition, but some version of it could be the basis for a broad agreement to provide aid.

#coronavirus-2019-ncov, #fauci-anthony-s, #federal-emergency-management-agency, #federal-taxes-us, #kudlow-lawrence-a, #mnuchin-steven-t, #paid-time-off, #payroll-tax, #pelosi-nancy, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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