Trump Payroll Tax Cut 2020
In 2020 the.
Trump payroll tax cut 2020. According to trump however any new relief package needs to include a provision to allow workers to save 7 65 of their pay through a payroll tax cut and potentially a broader cut for employers. Trump s payroll tax cut could save me 21 000. Though president donald trump has championed a payroll tax cut to help workers keep cash in their pockets congress has been lukewarm on the idea.
7 65 of your pay up to 137 700 in 2020 gets taken out of your paychecks which includes the 6 2 tax for social. President trump on friday doubled down on calls for a payroll tax cut through the end of 2020 arguing the move could be really meaningful and help to stabilize the economy amid the. President donald trump is pushing congress to include a payroll tax cut in the next economic relief package.