Radiance3 wrote:
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Due to your ignorance how this budget funding works, you are so confused about the pros and cons of this executive actions on payroll tax cuts.
Here are the facts.
The president in order to alleviate the flights of the working Americans due to C****av***s, has ordered executive action to deferment of payroll deductions until Dec. of 2020. This will provide higher pay checks to the workers to augment their budget shortfalls.
This is temporary. But the funding to replenish the SS and Medicare will come from the general funds and will not affect the elderly retirement on Social Security or Medicare for health benefits. The president will maintain them for life. If the president has plans to make this permanently, I won't approve. But I think if the economy restores to normal, or even better, a continued payroll tax cut is not appropraite. I must remind him not to do it.
Payroll tax cuts for both employer and employee benefit the economy. For employees, they have enough funding to buy essentials or even luxury items, including vacations.
Likewise the corporations or employers, with lesser operating costs, expand their businesses and hire more employees. Or they spend the money in various ways. Spending of money allow an economic growth because it stimulate the growth of the economic activities as well. This is one of the wonders of capitalism that made our country grow at the top all over the world for 244 years.
=============== br i Due to your ignorance how th... (
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Your as out of touch as Trump what about the millions that are unemployed. WTF is it with you people.