Trump Calls for Payroll Tax Cuts
Due to Coronavirus The president is hoping to ease
economic pain caused by the
coronavirus pandemic. The tax cut would be implemented
in the latest phase of the
coronavirus relief package. President Trump,
via Twitter President Trump,
via Twitter The $2.2 trillion economic stimulus package
that was passed last month allows employers
to defer their tax payments, but the CARES Act does not allow
employers to actually cut their levies. Trump also hinted at possible tax cuts at
the White House coronavirus task force
briefing on Thursday night. President Trump,
via statement