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Thu Mar 26, 2020, 11:48 AM

House Democrats urged to remove 'insidious attack' on Social Security hidden

within senate coronavirus bill

Published 3 mins ago on March 26, 2020
By Jake Johnson, Common Dreams

“The only way to escape this trap is to avoid stepping into it in the first place. That’s why the House must remove the cut to Social Security’s dedicated funding before this bill passes.”


Progressives are demanding that the Democrat-controlled House of Representatives prioritize removing a little-noticed provision in the massive Senate-passed coronavirus stimulus bill that would allow employers to stop paying into Social Security for at least the rest of the year—potentially threatening the program’s long-term financial health.

“If Trump and Republicans retain power after November’s elections, they will make sure that corporations never repay Social Security.”
—Michael Phelan, Social Security Works

Section 2302 of the nearly 900-page legislation would let companies defer until next year their payment of the employer payroll tax, one of the primary funding mechanisms for Social Security. The bill would require that companies pay 50% of their owed 2020 payroll taxes by December 31, 2021.

While the section has thus far received little media attention, advocacy group Social Security Works said the language authorizes an “insidious attack” on the New Deal-era program and must be stripped out before final passage.

The House is expected to vote on the bill as early as Friday.

https://www.rawstory.com/2020/03/house-democrats-urged-to-remove-insidious-attack-on-social-security-hidden-within-senate-coronavirus-bill/

Why does it take only two days to read a 900 page bill and it took #Moscow Mitch 10 days to dilly daddy around.........................

I swear November 3, 2020 cannot get here fast enough.....................

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Reply House Democrats urged to remove 'insidious attack' on Social Security hidden (Original post)
turbinetree Mar 2020 OP
Hoyt Mar 2020 #1
PSPS Mar 2020 #2
Hoyt Mar 2020 #3
Crabby Pappy Mar 2020 #4
jimfields33 Mar 2020 #5

Response to turbinetree (Original post)

Thu Mar 26, 2020, 11:59 AM

1. Progressives have missed boat on this one. The other way struggling corporations -- big and small --

can avoid paying their share of Social Security tax is to fire your ass.

The Stimulus attempts to remove that incentive by providing a loan to companies -- big and small -- for a year or two to help them with cash flow.

I prefer the latter alternative to canning our butts. So-called "progressives" are wrong on this one.

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Response to turbinetree (Original post)

Thu Mar 26, 2020, 12:03 PM

2. More rawstory BS/click bait. "Jake Johnson" doesn't know how to read. "defer until next year"

It will just be paid next year. Big deal. Won't affect Social Security at all.

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Response to PSPS (Reply #2)

Thu Mar 26, 2020, 12:09 PM

3. I swear to Dog, these so-called "progressives" don't even look for the truth.

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Response to turbinetree (Original post)

Thu Mar 26, 2020, 12:16 PM

4. Fast trials...

Didn't they give the Nazi war criminals "fast" trials and "slow hangings"? Almost seems appropriate.

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Response to turbinetree (Original post)

Thu Mar 26, 2020, 01:01 PM

5. Social security will be low this month with all those unemployed

Companies will not be paying federal, state or social security at all until we open again. Last thing to worry about is extension of small businesses paying social security after we open again.

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