Posted in Common Dreams News Payroll Taxes Politics

Exposing Trump’s Payroll Tax Deferral as ‘wage theft,’ Treasury signals millions of workers will earn less in 2021 under plan

“Like Donald Trump’s other economic executive orders, this will not provide actual relief to workers.” by Julia Conley, staff writer Sunday, August 30 Days after the payroll processor for the federal government—one of the nation’s largest…

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Hundreds of union activists rally at the Minneapolis Social Security Field Office on Wednesday, August 27, 2014. (Photo: AFGE/Flickr/cc)
Posted in Analysis Common Dreams Payroll Taxes Social Security

Social Security actuary says Trump payroll tax cut would effectively destroy program by 2023

“Trump’s disastrous plan to defund Social Security would eliminate retirement and disability benefits by 2023,” said Sen. Bernie Sanders. “That may make sense to the billionaires at Trump’s country club, but it makes zero sense to…

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Posted in Business Common Dreams Coronavirus Economy News Payroll Taxes Public Policy Senior Citizens

‘Stealth Attack on Social Security’: Trump condemned for exploiting coronavirus crisis to push Payroll Tax cut

“This is a Trojan Horse attack on our Social Security system.” by Jake Johnson, staff writer Economists and progressive advocacy groups are warning that President Donald Trump’s proposal to cut or temporarily suspend the payroll tax…

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