قالب وردپرس درنا توس
Home / US / Trump’s payroll tax defaults plan confusion

Trump’s payroll tax defaults plan confusion



WASHINGTON g President Trump’s gambit to defer Social Security payroll taxes for the rest of the year and pressure from Congress to forgive them is turning into a logistical challenge, with his participation complicated by his vague statements about plan.

The Treasury Department faces constant pressure from businesses regarding the difficulty of implementing the idea. And since Mr. Trump unveiled the concept, he has repeatedly repeated his administration’s plans in a way that suggests it is seeking a much broader tax elimination.

“We will complete the payroll tax as I hope we will be resolved,” he told the White House on Wednesday, following two similar comments over the weekend about making permanent pay cuts. He further said that the government can use general taxes and strong economic growth to cover any shortfall in the Social Security trust fund, which is mainly financed by the payroll tax.

White House officials said Sunday, Tuesday, and again late Wednesday that Mr. Trump is not saying he wants to end the entire payroll tax. Instead, they say, he is proposing something much more modest: forgiving payroll taxes delayed this year as a result of executive action.

“The president is very clear on this issue, that he demands a permanent apology for the postponement,”

; White House press secretary Kayleigh McEnany said Thursday. “That’s as far as he’s gone.”


Source link