So how is a tax cut going to help us with Covid-19?

[Norbert]

I saw trump's tax cut solution this morning and I was floored, especially since I am still waiting for the last one to help me.

I am so glad we have Speaker Pelosi and not Speaker Ryan now.

[exboyfil]

1. It is the only play in their playbook

Well I guess socialism to protect the wealthy or needed voters as well.

[Sherman A1]

4. Precisely

When your only tool is a hammer 🔨, everything looks like a nail.

[mitch96]

7. throwing the dog a bone won't keep him fed............. nt

[hlthe2b]

2. "Let the starving EAT TAX FORMS.

Can't get healthcare, lost your job, losing your home, family members sick, can't buy food?


Don't worry. All those STILL working will have less withholding from their pay. Problem solved!

Let them eat cake!

[Loki Liesmith]

3. It's to help the economic slowdown that's already started.

It could actually have some impact but that will mainly be on the margins.

[no_hypocrisy]

6. Also, a payroll tax cut means a few more dollars when you're paid, but

you still have to cough up the money the next April 15.

[exboyfil]

8. Depends on how they structure it

They can waive a percentage of the Social Security withholding thus depleting the Trust Fund faster. Then on the backside when the Trust Fund is gone the benefits are reduced by a 1/3rd if the law is not changed. We should make voters aware of that. Someone (ie the middle class) gets to pay in the end anyway. Of course the Trump voters will probably be dead by then anyway given their higher age demographic.

[lastlib]

9. It's not, but that's never stopped them before.

It's the only play they know. They have NO ideas except tax cuts for rich people.

[Brother Mythos]

10. Wow. Now I wonder how long it will be before we're told "More Guns is the Answer."

[Chainfire]

11. Just a smoke screen

To cover the coming bailout of the markets.

[MissMillie]

12. Well, you gotta know he's scared

when he starts handing out the tax cuts to working people.

I'm sure he's hoping it's going to get him re-elected.

But I'm also sure it's going to mean short-falls in the revenue that pays for SSI and Medicare. He's already said he's going to cut those programs. This will give him license to cut them even deeper.

[beachbumbob]

13. this "taxcut" was going to be offered by trump/gop anyway as a bribe to middleclass AND force

democrats to deny based on exploding the deficit more. The crashing market made them play it sooner as a way for market to find "good news" to rally around. Of course it has nothing to do with coronavirus OR the market forces on crashing the market.

The dems need to double down, throw more taxcuts out there and make trump and GOP deny them. If they don't,well its a win for dems for sure in spite of massive deficits it will cause. That can be fixed after biden and democrats take over congress and the whitehouse

[Captain Zero]

14. And he wants to cut the tax that FUNDS SOCIAL SECURITY TRUST FUND !! Get it now?

They call it the payroll tax. They want to attack social security from every angle.
It will be the second time in this administration.

Also he is USING this virus crisis to do it.
He mentioned back in Nov/Dec that he was already thinking of this.
As a stimulus.

Why can't we all get together with messaging.
NO to Defunding Social Security !!

Probably because many at first glance do not get what it is...

He cut this once before for us peons when he gave the tax cut to the rich. It was to bump up peoples paychecks and make them think they got a tax cut like the rich, so it did that but was also a 9 month cut to the FUNDING OF SOCIAL SECURITY.
This shit needs to stop.

[Ferrets are Cool]

15. So we can buy more toilet paper?

[Wounded Bear]

16. When your only tool is a hammer, all your problems start to look like nails...

The financial hit is bad and something needs to be done, I guess, but no, it doesn't make the virus go away.

[ooky]

17. Well, it makes no sense, and coming from him I can only assume it is more

of his no substance bluster, another desperate attempt to stop the selling. He has no idea what to do and just continues to throw unrelated stuff at it hoping something will stick. My guess is after "he meets with Senate Republicans" it will be nothing. This man is incapable of effective ideas or solutions.

[Liberal In Texas]

18. It's not. It's an attempt to shore up the plunging stock market.

Because Deadbeat Donnie has made the Dow Jones some kind of barometer of his presidency.

[Dem2]

19. Give us free insurance through the ACA

Then people will feel more comfortable when they inevitably have to take time off work.

Pay people's mortgages like they're doing in Italy, then people will feel less obligated to work after they get sick.

In my family, this is: my brother, my cousin, my niece and nephew.