Washington Times: Trump Says He’s Considering Cut in Payroll Taxes, Calls on Fed to Cut Rates

Cutting payroll taxes that fund Social Security programs “should not be cut except in extreme situations,” said Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy.

In 2011 and 2012, Congress and President Obama reduced the part of the payroll tax paid directly by employees from 6.2% to 4.2%.

“The last Social Security payroll tax cuts were enacted during cataclysmic economic conditions inherited by President Obama and were opposed by many congressional Republicans,” Mr. Wamhoff wrote in a blog post Tuesday. Read more

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