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"Payroll Tax Holiday"

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Payroll tax holiday means a bigger paycheck now, but a smaller one later [Video]

Payroll tax holiday means a bigger paycheck now, but a smaller one later

23ABC spoke with the president of the CSUB Small Business Development Center and he says many of our local businesses are choosing not to participate in the payroll tax deferral and here's why.

Credit: 23ABC News | Bakersfield     Duration: 03:02Published
Income tax deferral [Video]

Income tax deferral

Income tax deferral

Credit: WTHIPublished

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Trump's payroll tax holiday offer has few takers on Long Island

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Don't count on a 'Payroll Tax Holiday' at your workplace. Here's why many employers are passing it up.

The IRS told employers they will be required to repay those deferred taxes in 2021 in cases where an affected employee no longer works for a company.
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Trump's payroll tax holiday could shrink workers' take-home pay early next year since employers have to collect twice as much from paychecks

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The White House wants companies to pay for the payroll tax holiday.


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Social Security could be depleted by 2023 if Trump eliminates the payroll tax, chief actuary says

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· The Social Security trust fund would be exhausted by 2023 if payroll taxes were eliminated, the Social Security Administration's chief actuary said in a letter to four Democrats. · Trump has said..
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'It's baffling:' A former top Obama economist rips into Republicans lacking an economy-saving stimulus plan

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· Unemployment remains high and new jobless claims are still above 1 million almost five months into the coronavirus pandemic. · Former top Obama economic advisor Jason Furman says Republicans made..
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Business groups say implementing Trump's payroll-tax holiday would be 'unfair to employees,' warning some workers could be stuck with a $2,200 tax bill next year

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· A coalition of business groups signed a letter saying that Trump's payroll tax holiday order would be "unfair to employees." · "Many of our members consider it unfair to employees to make a..
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The White House is reportedly weighing whether Trump can sidestep Congress and cut taxes on his own

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David Asman calls Trump's COVID relief orders politically smart, says Dems must 'argue against' safety net

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Trump Takes Executive Action on Economic Relief Package

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Trump Signs Payroll Tax Holiday, Extends $400/Week for Unemployed

Working around congressional gridlock, President Donald Trump announced four executive orders to help Americans amid the global coronavirus pandemic, most notably a payroll tax holiday through the end..
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President Donald Trump said he expects to sign orders on Friday or Saturday extending enhanced unemployment benefits and imposing a payroll tax holiday as lawmakers have been unable to reach agreement..
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A payroll tax holiday will put the US back to work

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World virus cases near 15M; Trump says things will get worse

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GOP splits as virus aid package could swell past $1 trillion

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Trump is doubling down on a payroll tax cut which has slim GOP support and would do virtually nothing to help jobless Americans

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The CBO says providing aid to cash-strapped states would deliver a bigger economic boost than Trump-backed tax breaks for businesses

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Trump wants payroll tax holiday to mitigate coronavirus economic pain: Kudlow

White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants a payroll tax holiday for U.S. workers in the hopes of staunching economic pain caused by the coronavirus..
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