What Happens When People Stop Listening to the POTUS

Only Congress has the power to actually reduce taxes — all the President can do is push back their due date. https://t.co/O2rqIzCFHv

— CNN (@CNN) August 19, 2020

Trump's shuffling responsibility off onto others has its limits:

"Many of our members consider it unfair to employees to make a decision that would force a big tax bill on them next year," the US Chamber of Commerce and more than 30 trade associations wrote in a letter to Congress and the Treasury Department.

"It would also be unworkable to implement a system where employees make this decision," wrote the groups, adding many of their members will likely decline to defer the tax.

[The letter from the Chamber of Commerce] noted that workers making $50,000 a year could owe nearly $1,100 in payroll taxes in 2021, while those earning $104,000 could be hit with a tax bill of more than $2,200.

So the plan is that sometime in 2021 Congress retroactively allows the tax cut and the money taken from employees is given back?

Yeah, nothing Rube Goldberg* about that.


*ask your grandpa!  Punks!