Trump Floats Insidious Plan to Loot Social Security and Medicare to Shore Up His Own Sagging Political Fortunes; Cutting Social Security Payroll Tax (FICA) Until End of 2020 Would Accelerate Insolvency of Social Safety Net, Triggering Crisis Before 2026 for Medicare and Before 2035 for Social Security; Currently, FICA Takes 6.2% of Total Pay for Social Security and 1.45% for Medicare, Plus 0.9% Medicare Surtax for Incomes over $200,000; Employers’ Share of FICA Is 6.2% Of Pay and 1.45% for Medicare
United Front Against Austerity|Tax Wall Street Party American System Network|Tuesday, March 10, 2020 Pelosi, Schumer, Biden, and All Democratic Leaders Must Immediately Condemn and Repudiate Any Tampering with Payroll Tax; Any Consideration of Payroll Tax Cut Will Bring the Foul Stench of Austerity Upon the Party, Redounding Only to Trump’s Benefit! Instead, Congress Must and […]
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