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Friday, June 25, 2021

Trump Administration Considers A Temporary Payroll Tax Cut

Credit: Wochit News
Duration: 00:32s 0 shares 3 views
Trump Administration Considers A Temporary Payroll Tax Cut
Trump Administration Considers A Temporary Payroll Tax Cut

Several officials from the Trump administration are trying to figure out a solution for the economy.

They are considering a temporary payroll tax cut to encourage consumers to use their money.

According to Business Insider, any discussion is preliminary because it requires Congress to sign off on it.

According to the Center on Budget and Policy Priorities, in 2018, the federal payroll tax generated $1.17 trillion.

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