Here’s what Trump’s payroll tax deferral could mean for your paycheck
Posted on AllSides August 10th, 2020
From The Center
Workers shouldn’t be waiting for a windfall in their upcoming paychecks, tax policy experts said Monday as they digested news of President Donald Trump’s executive order deferring payroll taxes.
The order might not bump up take-home money all that much per paycheck — and that’s assuming employers even pause the tax withholding from Sept. 1 to the end of the year, as the order instructs.
With stimulus talks stalling on Capitol Hill, Trump signed executive orders Saturday to try to address last month’s ending of supplemental $600 unemployment benefits,looming student-loan...