President Donald Trump steps from the podium to allow Vice President Mike Pence to speak in the briefing room of the White House in Washington, Monday, March, 9, 2020, about the coronavirus outbreak. President Donald Trump said Monday his administration will ask Congress to pass payroll tax relief, as he looks to calm financial markets’ fears over the impact of the coronavirus epidemic.
Trump was set to hold a press briefing Monday at 6:30 p.m. after meeting economic advisers on potential plans for an economic stimulus. “At this moment there are 546 confirmed cases of CoronaVirus, with 22 deaths,” Trump tweeted, comparing it to seasonal influenza and the thousands of deaths that causes. “Think about that!”
On Capitol Hill, where many lawmakers are older and have frequent contact with the public, leaders were fielding questions from members and staff about how the complex will be secured. Leaders have so far shown little willingness to close the Capitol, but meetings were scheduled throughout the day to discuss preparations.
Sen. Ted Cruz, R-Texas, and Rep. Paul Gosar, R-Ariz., also placed themselves in quarantine after coming in contact with the same person at the conservative conference. The chairman of the Democratic caucus, Rep. Hakeem Jeffries, said the House’s chief administrative officer and the sergeant at arms are expected to brief Democrats at their regular caucus meeting Tuesday. The discussion was expected to address whether the Capitol will be restricted to visitors, he said.
more concerned about money then people
it's not about money it's about uncertainty
This won't help workers who can't work. It only helps owners of corporations. No different than the Trump tax cuts for millionaires and billionaires. But Trump just handed Pelosi a great tool for leverage. It will have to be Dems who push for protections for workers.
So he wants to cut Social Security. “The federal government levies payroll taxes on wages and self-employment income and uses most of the revenue to fund Social Security, Medicare, and other social insurance benefits.”
I hated getting cuts when I was a kid.
How is this taxcut going to be effective? Even if you cut 50% tax out of no salary because your work place is closed or you’re quarantined, you still don’t have the cash to pay for your food, your rent, your mortgage, your car payment. Some folks don’t have any savings.
Hey realDonaldTrump ! Is this how you're trying to cut Social Security and Medicare? FICA tax? Do you know what you are talking about? morelies morespin maddow
Spend that money on the coronavirus. Dead people can't spend money.
Lives are at stake and he only cares about money. I'm tired of this man.
Bush did this too, and the recession still hit. This is wasteful spending.
What happened to less government interference? I thought the GOP were proponents of laissez faire economics? The market will eventually correct itself.
_Politics A tax cut to calm the market which is upsetting his election bid. But no mention of the cuts to social services and entitlements to pay for it.
He is doing so he can cut Social Security
That wording is worrisome.
What an idiot. How is cutting more taxes going to help anyone that can’t afford to take off work, or go to the doctor. They already earn such a meager income that tax cuts are a mute point. It’s a paycheck or no paycheck situation.
Wait, no discussion how were going to pay for it?
Yeah I'm sure this will help me if I get sick and can't work.
And you will pay that back come tax time
_Politics He is floundering and soon he will be sick himself.
Won't help. I want Reality!
What do you mean payroll tax cut? For who? You already gave cuts to owners! Make sure they pass it down this time!
He can ask all he wants. This is nothing but an election year ploy. It’s going nowhere.
It’s not getting thru the House. No way they take money from Social Security and Medicare to pay for this.
First real test of this administration. Hopefully it turns out right for the good of the nation.
Watch out for this! The taxes will still be due April 15 2021!!!
I am a Trump supporter but I do NOT support tinkering with 'payroll taxes' (ie- SocialSecurity taxes) to offset the economic effects of the coronavirus Seniors are being screwed enough as it is!
Just get the public Coronavirus test kits Don, leave the tax math alone
Cutting the payroll tax will not do a damn thing for people who are ill & are not paid sick days.
TheOnion y’all need to step your game up.
How about funding test kits?
Meanwhile, they’ll also issue bailouts to oil companies turning debt into its own crisis 🤦♂️
How about reducing the self-employment tax?
oh, and i am sure the manipulated, big money markets will spring back so trump can save the GOP day. lot of good it does us regular folks.
Payroll tax cuts? Less taxes payed out of our salary will just be owed back ..not to mention this amounts to cuts in social security. GOPTaxScam TrumpRecession CorruptAndComplicitGOP
I love our president Trump
Only works if you’re drawing a paycheck!
p9cker_girl Spend what you don’t have? How does that work Donald?
Our 'stable genius' prepared us for a health crisis by 1) Reducing national health spending by $15 billion; 2) Shutting down the entire global-health-security unit of the NSC; 3) Cutting 80% of our efforts to prevent global disease outbreaks. To start.
THAT is an office that should close permanently in the next election.
Any talk of tax cuts won't go anywhere real fast if he doesn't include SpeakerPelosi. She controls House where tax legislation must originate.
Heck yeah what’s this about give me give me
Is this how the GOP is going to attempt to cut Social Security? By cutting the payroll taxes that fund it?!
Not to mention basic pronunciations.
And why do we believe the Dems will vote for this?
May help but won’t fix your 401K melt down.
DonaldTrump 'I can solve any problem just so long as that problem can be solved through completely unrelated greed.'
OK, I'll bite. How do tax cuts fund the social and physical public health infrastructure necessary to alleviate the worst effects of a global health pandemic? How do tax cuts pay for research, testing, and vaccination programs? COVID19
Err-can we have testing in the states?
Do us American people really think Congress is going to take a pay cut because of us?
_Politics Trump just doesn't get it. We don't need payroll tax cuts. We need testing kits. This is not about cronies wealth. This is about Americans health.
When one makes Capitalism your God, one downplays a real crisis with a tax cut. Yeah that'll stop the virus. COVID19 TrumpVirus
Cool how about tests and masks?
Wtf ?
Tax cuts can solve anything
Yeah, because money will slow down the virus.....
So the only ones who will have to pay taxes is “the people”
So he's helping himself again.. Always thinking of himself.
Meaning they won't take out SS and Medicare, but you also won't get that amount when you retire. Yay. 😒
People don't need a payroll tax cut (though it could help). What hey REALLY need is guaranteed sick time. This does nothing to help people concerned they'll lose their job if they get sick.
hannaResists911 'let's starve the CDCgov of even MORE money!' Tax the corporations.
How’s it a payroll tax cut going to help if I’m not going to work for 2 weeks to a month? I’m still going to be out all that money.. PLUS insurance will force is to back pay them until we’re all caught back up.. 😵👈
Payroll taxes are among the most regressive taxes, directly taking earned income from workers. Cutting them is a smart move under any circumstance. My books on economics, politics, culture:
The establishment is getting nervous. They will appease the middle class with tax cuts that will ultimately hurt the middle class in the end. Robots are taking jobs technology is growing to the point of eliminating almost all human jobs. Vain accumulation of money hurts everyone.
In light of reports that the Trump administration is considering new tax cuts for major corporations impacted by the coronavirus, we are demanding that the administration prioritize the health and safety of American workers and their families over corporate interests,' Pelosi
How will cutting payroll tax help those who have to stay home? If they don’t work the hours there’s no payroll to tax!!!
Why no earth would you need to display that you were a dentist on that sign? Trolling for patients?
More tax cuts? Hey...doesnt work.
He's still robbing the country blind
The problem is not a lack of a payroll tax cut, the problem is a lack of management from the top, and no matter how many underlings Trump fires or replaces, that underlying problem still remains, And that problem is Trump himself.
throwing darts
So, driving up an already uncontrollable deficit is a way to calm the financial markets? Interesting.🤔
Hell yes!
A Bandaid for a gaping chest wound
Let’s keep increasing the deficit because he’s an incompetent POTUS
A cut in payroll taxes? Hallelujah! realDonaldTrump
Whose the commie now? WhiteHouse
Yes, let’s definitely put the country further and further into debt. We’ve already borrowed $1 trillion to prop up the economy, do we really need to borrow more?
Tax cuts don’t cure diseases
Markets are volatile because of Russia and OPEC. Do better.
So people dying not a concern but when it affects the rich people's money well now something must be done .SMH
How you gonna pay for that?
one trick pony
Right up Trump's alley - he gets to gut Social Security funding and pretend like he's doing us a favor.
This is a BS means of getting more money for his cronies. The markets will recover without it, as soon as Corona dies down.
I don't understand how this is supposed to improve the underlying economy. I mean, I know it's an excuse to weaken any entitlements programs to try to cut them and consolidate wealth with the already wealthy, but this seems like a really bad excuse.
That should stop the spread
IT'S ARE MONEY!!!! IT'S ABOUT TIME!!!!!
I hope it doesn’t pass. People will bank the money. Not go to stores, restaurants or other public gatherings. The money will never be pumped back into the economy.
NOPE!!!!
More tax cuts lol
Now would be the time to consider UBI, $1000 to stimulate the economy would work. Especially considering the world is about to go into a Great Depression.
of course for your own political optics the best time while running $100B a month deficits already & facing a pandemic is another tax cut to limit even more revenues since the next guy can just deal with it all when the self proclaimed 'King of Debt' gets carried out the door
Tax cuts to solve coronavirus pandemic. trump's administration financial geniuses.
Should’ve used that rainy fund for workers vs squander it on Corp tax cuts with the GOP Tax Scan bill
He's only worried about the stock market. TrumpCrash StockMarket CoronavirusUSA
That isn’t the cure
How is Mexico going to pay for the wall if we reduce taxes?
I'm sure they mean payroll cuts for the staff and not themselves. Maybe save some money by paying the secret service bill for the giant family of half siblings to travel the globe.
That's Great news !
Leave it to Don to speak to the economy first.
An how will this help when we lose our jobs to a financial meltdown? Trump knows businesses will begin laying off and shutting down soon
NO MORE TAX CUTS FOR THE RICH!!!
BoSnerdley The idea is to keep our economy going, businesses from shutting their doors or layoffs.
This is ridiculous. Workers need relief, not employers. We need paid sick leave
Watch leftist scum block it
The Republican and trump answer to everything, tax cuts. People are sick! People are dying! People are scared! And all trump has is a tax cut. No vision, no coordination, no clue, no leadership. We may as well hav a reality TV star as President.
Trump trash talk.