codfish

Is Trump grabbing onto the third rail of American politics?

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"With less than three months to go in an election year, President Trump, clearly trailing in the polls, has touched the so-called “third rail” of American politics: Entitlements. Reviving an idea that he backed away from only a few weeks ago, he said over the weekend that he wanted to eliminate the payroll tax for the rest of 2020, and perhaps even beyond that. 80% of older Americans can't afford to retire - COVID-19 isn't helping More than 25 million older Americans are financially insecure - living at or below the federal poverty level." food for thought?:)

 

"Then there is this—and this is the big one: Trump (and many of his supporters who cheer his every utterance) doesn’t seem to get that Social Security and Medicare—critical safety nets for tens of millions of Americans—are financed by payroll taxes. He’s proposing —to use his word—“terminate” financing for these programs?

Or perhaps Trump does know. After all, one of his longtime economic advisers, Stephen Moore, has been arguing against Social Security for years—and has the president’s ear."

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The executive branch has no authority over taxation or entitlements.  And that's pretty much that.

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Political ploy or not Trump's EO's will resonate positively with all Americans. The only people pissed are Democratic communists who are hell bent on destroying America just because Orange Man Bad.

Third rail??? What a laugh.

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13 mins ago, codfish said:

"With less than three months to go in an election year, President Trump, clearly trailing in the polls, has touched the so-called “third rail” of American politics: Entitlements. Reviving an idea that he backed away from only a few weeks ago, he said over the weekend that he wanted to eliminate the payroll tax for the rest of 2020, and perhaps even beyond that. 80% of older Americans can't afford to retire - COVID-19 isn't helping More than 25 million older Americans are financially insecure - living at or below the federal poverty level." food for thought?:)

 

"Then there is this—and this is the big one: Trump (and many of his supporters who cheer his every utterance) doesn’t seem to get that Social Security and Medicare—critical safety nets for tens of millions of Americans—are financed by payroll taxes. He’s proposing —to use his word—“terminate” financing for these programs?

Or perhaps Trump does know. After all, one of his longtime economic advisers, Stephen Moore, has been arguing against Social Security for years—and has the president’s ear."

Well at least your are off your phoney COVID post and have moved on

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18 mins ago, Riverboat33 said:

Trump said he would not cut SS or MC.  I believe him.

 

I don't believe you.

Trump has never lied, so we have that. 

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"Currently, all employees and employers pay a 6.2% payroll tax on wages capped out at $137,700. Right now, an employee earning $50,000 per year would pay $3,100 in payroll tax. That money goes toward specific programs such as Social Security, health care, unemployment compensation and workers’ compensation. Workers also pay a Medicare tax of 1.45%." more food for thought:)

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35 mins ago, codfish said:

"With less than three months to go in an election year, President Trump, clearly trailing in the polls, has touched the so-called “third rail” of American politics: Entitlements. Reviving an idea that he backed away from only a few weeks ago, he said over the weekend that he wanted to eliminate the payroll tax for the rest of 2020, and perhaps even beyond that. 80% of older Americans can't afford to retire - COVID-19 isn't helping More than 25 million older Americans are financially insecure - living at or below the federal poverty level." food for thought?:)

 

"Then there is this—and this is the big one: Trump (and many of his supporters who cheer his every utterance) doesn’t seem to get that Social Security and Medicare—critical safety nets for tens of millions of Americans—are financed by payroll taxes. He’s proposing —to use his word—“terminate” financing for these programs?

Or perhaps Trump does know. After all, one of his longtime economic advisers, Stephen Moore, has been arguing against Social Security for years—and has the president’s ear."

Let’s us know when he announces cuts to ss/medicare. 

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6 mins ago, SallyGrowler said:

i think codpiece tried to grab the third leg of politics... ooogah!

Do ya think we can give the 25 million to SS?

2016-11-18T23-32-22-633Z--1280x720.jpg

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1 hour ago, codfish said:

"Currently, all employees and employers pay a 6.2% payroll tax on wages capped out at $137,700. Right now, an employee earning $50,000 per year would pay $3,100 in payroll tax. That money goes toward specific programs such as Social Security, health care, unemployment compensation and workers’ compensation. Workers also pay a Medicare tax of 1.45%." more food for thought:)

so they'll keep their money now instead of having to wait until they're practically dead to get it.

 

hey......let's wait til we're 80 to invest money for retirement.

 

dumb ****s.

 

 

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