August 10, 2020

Politico Morning Tax: All about the payroll tax executive order

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Experts say there would still be a slight hit to the Social Security trust fund if the payroll tax payments don’t end up getting excused. That would mean companies would “basically receive an interest-free loan from the government, which means the Social Security program is losing that interest income,” said Steve Wamhoff of the liberal Institute on Taxation and Economic Policy. Read more