Trump has caved on his demand that the proposed second coronavirus relief bill provide for a payroll tax cut.Such a cut would of course do little for average working people but would have been a boon to the wealthier.
Trump through his economic advisors ,Larry “blow” Kudlow and the inveterate mouthpiece for the Millionaire class , Stephen Moore , had argued strenuously for this giveaway to the wealthy in typical Republican fashion, even loudly threatening a veto if his demands weren’t met.
Republican Senators afraid of a backlash in an election year never warmed to the idea.Why should they?They already gave the wealthy a huge tax cut back in 2017.Still Trump persisted until today.
Treasury Secretary Steve Mnuchin was delegated to announce the surrender.Such sets the stage for another Socialistic type cash stipend to be sent out.(Republicans are against “Socialism,”except when they’re not)
The debate will now center on how much and who gets it.
Jack @ Politicaldog101
This is how Trump tries to save face buy playing his defeat on this off…
Donald J. Trump
The Democrats have stated strongly that they won’t approve a Payroll Tax Cut (too bad!). It would be great for workers. The Republicans, therefore, didn’t want to ask for it. Dems, as usual, are hurting the working men and women of our Country!