No employee here is even close to minimum wage. This is a non issue. But why did he say hourly? In many places salaried personnel make less than the hourly.
"Hmm, so Trump wants to take some of MY tax dollars and assist hourly workers with it." I obviously wasn't talking about the payroll tax cut.
If you're on salary and already have paid sick leave, paid vacation, employer co-paid health insurance, then your check will increase with a lower payroll tax deduction.
How do you know this based on the linked article that specifically say’s hourly? I don’t like to assume. I would prefer it be in plain English and not use the term “hourly”.
Neither party gives a damn about workers. They spend like thieves with a stolen credit card and pat their own back when they cut taxes a tiny bit. I am not a Trump supporter, but agree with cutting taxes. It should also be combined with deep spending cuts.
Trump is supposed to be making an announcement today with more details. I don't see how the government can finesse cutting some peoples' payroll taxes and not everyone's. That would be an accounting nightmare for companies which have both hourly and salaried employees. Anyway, most salaried employees have paid sick time, but many hourly employees do not. I expect the messaging was just targeted to the segment of the population which will most likely need help if they are asked (or forced) to quarantine for 14 days...but the tax cuts will be across the boards. We shall see. Yesterday's announcement didn't provide details.
Yes. That was Trump's original plan....cut taxes and spending. He didn't do a great job of that when Republicans had the House. Now it's far worse with Nancy at the helm and controlling the purse strings. She won't allow any cuts unless she gets to spend far more than the cuts....and then she'll blame Trump for giving "corporate welfare" (even though the tax cuts help all workers) and for running up the deficit, even though the major shopping and spending spree is on her.
I can't help but agree... even though I laughed when "W" Bush decided to give everybody $600 back in 2008 -- just for the hell of it: https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008 . I thought that was nothing but laughable political-pandering horseshit, but, sure, I took it. Who wouldn't...? Then, miraculously, here came "The Messiah" Obama, and economists declared the Great Recession to be OVER in June 2009. Oh, the Federal Reserve kept grinding on with Quantitative Easings I, II, and III, along with "Operation Twist" and other mummery, but, hey, the stock market was happy -- so, what the hell. Nobody cared. Democrats kept people on unemployment for up to THREE CONSECUTIVE YEARS... lots of welfare for anybody with their hands out. The cattle were quiet in their corral.... Now, here we are, with the Fed "printing" money again (started last September with the "repo crisis"), and we've had FOUR Fed interest rate cuts, which just makes everything that much more unbalanced and out of control again. Maybe we should just go ahead and have a REAL 'crash', bring everything back down to financial REALITY again, make the stocks find their true value again, stop 'printing' money, and let interest rates rise in proportion with the actual demand in the markets -- business and personal -- for CREDIT.
The responsible move is to cut spending, and when the deficit goes down, then consider cutting taxes. Republicans don’t do that because they really just want to cut taxes.
There are pots of pork fat money sitting around D.C. that congressmen allocated and have just sat on forever. The only consistently responsible congressman I've seen is Sen. Rand Paul, and he takes a beating for continuously bringing up the deficit and wasteful government spending.
So you are selling the idea that none of Komrad Bernie's proposed programs is the govt. controlling the means of production? Are kidding me? Re-read the list and imagine yourself in any of those jobs or even a stockholder in any of those companies and get back to us. I agree with you on one thing, they are not socialistic, most are communistic.
He has proposed this 'payroll tax cut', and that will even further weaken government obligations to the Social Security Trust Fund and Medicare. Hey, you've got a house fire starting up because your central bank 'played with matches' ("repo-crisis", interest rate slashes, money 'printing')? Well -- so Trump says, "Hey, let's pour gasoline on the damn thing and really get a blaze going...!"
Dems are open that they want more spending and taxes to pay for it. Republicans lie about wanting less spending, but then cut taxes to make it harder to pay for what we already spend. It’s like having too much credit card debt, and thinking working fewer hours will fix it.
Can't give you MI and PA yet, they haven't held their primaries. NC: Trump - 747,038 Biden - 568,584 Bernie - 318,872 Biden and Trump were supposedly "practically" tied in Texas... Trump - 1,889,006 Biden - 716,030
Wherever and whenever there is Big Bad Government all tax cuts are good. Always resist funding bad things - especially Big Bad things.
The curve from Italy. If we are going to stop it, it needs to be now. https://towardsdatascience.com/covi...hematical-models-and-predictions-7784b4d7dd8d
Can't be having that much of an effect, US-China trade war is hurting farmers, but they’re sticking with Trump https://www.cnbc.com/2019/08/07/us-china-trade-war-is-hurting-farmers-but-theyre-sticking-with-trump.html