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Trump says he may suspend payroll tax himself: Fox News interview

Published 08/05/2020, 08:04 AM
Updated 08/05/2020, 08:15 AM
© Reuters. U.S. President Trump holds a COVID-19 pandemic briefing at the White House in Washington

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he may suspend the payroll tax himself as part of his administration's efforts to help the economy after the coronavirus shutdown, after the idea faced opposition in Congress in talks on the next relief bill.

"Well I may do it myself," Trump said in an interview with Fox News. "I have the right to suspend it, and I may do it myself - I have the absolute right to suspend the payroll."

Latest comments

He passed executive orders in June on Infrastructure and Parks
Wrong we are under Emergency Powers. Yes he can. Just the Infrastructure & Conservation Park executive orders. Read it.
Wrong only Congress can change taxes.
won't the payroll tax suspension affect Social Security
Yes and Trump doesn't care.
Kaveh, obviously, the U.S. government doesn't need tax dollars anymore. Call your buddy Powell!!
How does gov make money if nobody pays tax? Payroll tax is their main income, in theory the expense should be equal or less than payroll tax.
Income tax and payroll tax are different. Income tax is their primary theft mechanism.
It is called printing. Been going on for decades. Ask Japan. Where have you been? Under a rock?
You want true sound money? Gold standard.
He is so rich, the pay is too little to him. The damages already done to US economy.
It is all for himself!!!
Do it please ! Until the masks come off . And sports resume , etc. or indefinitely would be even better
Print into oblivion!!
The dollar is 'gonna be worth less than a peso soon!!
As I type this listening to The Steve Miller Band "Take the Money and Run". You can't make this up!
Bought Gold last year . Biden will win
That will only serve to cause more short falls in trust funds like social secuity and medicare
quit yapping and do it!
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