Trump pushes payroll tax suspension unlikely to help the unemployed, experts say

Official White House Photo by Andrea Hanks By SHANNON K. CRAWFORD, ABC News

(WASHINGTON) — Instead of sending more direct relief to Americans hit by the economic impacts of the coronavirus pandemic, President Trump has suggested he would prefer temporarily easing the tax burden on individuals and businesses — but experts say those cuts may come with a big price tag for the federal government while doing little to help the over 30 million who have filed for unemployment in the past six weeks.

“I like the idea of payroll tax cuts. I’ve liked that from the beginning. That was […]

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.