One Trump campaign advisor said the president would consider ‘terminating the payroll tax permanently,’ a proposal that would likely cause bipartisan outcry.
that the payroll tax funds Social Security and Medicare, broadly popular programs the defunding of which would doubtless damage Trump politically.that Trump “will protect Social Security and Medicare,” claiming that the deferral, not a payroll tax cut, is what “will be made permanent. It will be forgiven,” which CNN host Dana Bash argued is “not what the president said at all.
”“Here’s the problem: payroll taxes go exclusively to fund Medicare and Social Security, however much they dislike those payroll taxes, Republicans have always opposed replacing them with general tax revenues,”Patrick Chovanec, an adjunct professor of international and public affairs at Columbia University. He notes that even with Congress signing on to a payroll tax holiday, it would “create a hole” in funding Medicare and Social Security, which Republicans would normally be reluctant to fill.
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