Trump Calls for Making Permanent Cuts to Social Security Payroll Taxes
President Trump said over the weekend, " If I ' m victorious on November 3rd, I plan to forgive these [payroll
taxes for Social Security] and make permanent cuts to the
payroll tax. " Currently, employers and employees split the 12.4% payroll tax on the first $137,700 of 2020 earnings and also split the 2.9% Medicare tax on all earnings. The self-employed pay the entire tax.Trump not only wants to
Source: Health Care Policy and Marketplace Review - Category: Health Management Authors: ROBERT LASZEWSKI Source Type: blogs