Trump has proposed eliminating payroll taxes that fund Social Security and Medicare beginning through the end of the year. The Institute on Taxation and Economic Policy, a nonpartisan think tank, estimates the proposed payroll tax holiday would cost $843 billion and 65% of its benefits would go to the richest 20% of taxpayers. Read more
March 25, 2020
Investment News: Recession could hit Social Security financial outlook
Institute on Taxation
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