Trump’s Payroll-Tax Deferral Plans Spur Confusion

“President Trump’s gambit to defer Social Security payroll taxes for the rest of the year and pressure Congress into forgiving them is turning into a logistical challenge, with its rollout complicated by his own unclear statements about the plan,” the Wall Street Journal reports.

Said Trump: “We’ll be terminating the payroll tax after I hopefully get elected.”

“He then said the government could use general taxes and strong economic growth to cover any shortfall in the Social Security trust fund, which is largely funded by the payroll tax.”

Meanwhile, the AP reports that the U.S. Chamber of Commerce thinks Trump’s plan is unworkable.