Monday, May 4, 2020

Payroll tax

Back in 2011 President Obama proposed a payroll tax cut and it passed easily. The Senate and the House of Representatives passed a bipartisan deal Friday extending the payroll tax cut and unemployment benefits while also avoiding a Medicare fee cut for doctors for the rest of the year. A majority of House Republicans and Democrats voted in favor of the bill, though 91 Republicans and 41 Democrats in the chamber voted no. Senate Democrats voted overwhelmingly for the bill while Senate Republicans largely opposed it. Trump has proposed a payroll tax cut but democrats oppose the idea. House Democrats on Monday night balked at President Trump’s proposed payroll tax cut designed to help shore up the economy amid the coronavirus outbreak.

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