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Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? | |
| Anonymous Coward User ID: 29910105  United States08/10/2020 02:16 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 6176722 United States08/10/2020 02:18 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] $3.50! |
| Anonymous Coward User ID: 78537041 United States08/10/2020 02:18 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] 7% is a significant raise, even if it is for half a year. That's at least a couple of hundred extra dollars a month for full time lower wage workers. |
| Anonymous Coward User ID: 79203147 United States08/10/2020 02:19 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] He's a Wall Street cokehead who had a stroke, that's why he slurs, true story. |
3643297
 User ID: 76832232 United States08/10/2020 02:39 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77519450 United States08/10/2020 02:58 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)]  If re-elected Trump promises to ELIMINATE it! [link to www.washingtonpost.com (secure)] “If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” Trump said at a news conference in Bedminster, N.J. “I’m going to make them all permanent.” “In other words, I’ll extend beyond the end of the year and terminate the tax,” Trump later added. “And so we’ll see what happens.” |
| Anonymous Coward User ID: 78095249 United States08/10/2020 03:01 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] 7% is a significant raise, even if it is for half a year. That's at least a couple of hundred extra dollars a month for full time lower wage workers. 7% could hardly be considered "gigantic" and you still have to pay it back anyway. Kudlow is either drunk as usual or drunk and lying. |
| Anonymous Coward User ID: 79251009  Germany08/10/2020 03:03 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78095249 United States08/10/2020 03:05 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] If re-elected Trump promises to ELIMINATE it! [link to www.washingtonpost.com (secure)] “If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” Trump said at a news conference in Bedminster, N.J. “I’m going to make them all permanent.” “In other words, I’ll extend beyond the end of the year and terminate the tax,” Trump later added. “And so we’ll see what happens.” Not according to Kudlow. “I think he meant the deferral would be forgiven,” the White House adviser responded. “I think he was saying that the savings on the deferral will be permanent. He did not mean that he was eliminating the Social Security tax.” [link to thehill.com (secure)] These guys need to get their stories and election promises straight. |
| Anonymous Coward User ID: 78095249 United States08/10/2020 03:06 PM Report Abusive Post Report Copyright Violation | |
| Maddrummerboy
User ID: 69764054 United States08/10/2020 03:13 PM  Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? If "they" truly believed the jobs were there to come back to, they would have reduced it to $200 weekly. The majority of jobs are GONE, not to be seen again for the long term. |
| Anonymous Coward User ID: 78449368 United States08/10/2020 03:15 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? Seems Larry was drunk yesterday as well, Thread: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400? Maybe a long weekend bender. |
| Anonymous Coward User ID: 71069920 United States08/10/2020 03:15 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78449368 United States08/10/2020 03:17 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? Even at $400 weekly, our 6 layed off employees are still making more than if they were working. They were at $20-24 hourly. Quoting: Maddrummerboy If "they" truly believed the jobs were there to come back to, they would have reduced it to $200 weekly. The majority of jobs are GONE, not to be seen again for the long term. Meanwhile, how do 35,000,000 people and a bloodless economy survey by deferring a 7% tax for people who have jobs. That would appear to be the strategy now. |
| Anonymous Coward User ID: 78449368 United States08/10/2020 03:18 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? Even at $400 weekly, our 6 layed off employees are still making more than if they were working. They were at $20-24 hourly. Quoting: Maddrummerboy If "they" truly believed the jobs were there to come back to, they would have reduced it to $200 weekly. The majority of jobs are GONE, not to be seen again for the long term. Meanwhile, how do 35,000,000 people and a bloodless economy survey by deferring a 7% tax for people who have jobs. That would appear to be the strategy now. Meanwhile, how do 35,000,000 people and a bloodless economy survive by deferring a 7% tax for people who have jobs. |
| Anonymous Coward User ID: 78449368 United States08/10/2020 03:19 PM Report Abusive Post Report Copyright Violation | |
| Maddrummerboy
User ID: 69764054 United States08/10/2020 03:20 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? Even at $400 weekly, our 6 layed off employees are still making more than if they were working. They were at $20-24 hourly. Quoting: Maddrummerboy If "they" truly believed the jobs were there to come back to, they would have reduced it to $200 weekly. The majority of jobs are GONE, not to be seen again for the long term. Meanwhile, how do 35,000,000 people and a bloodless economy survey by deferring a 7% tax for people who have jobs. That would appear to be the strategy now. Meanwhile, how do 35,000,000 people and a bloodless economy survive by deferring a 7% tax for people who have jobs.  |
| Anonymous Coward User ID: 79250892  Iceland08/10/2020 03:22 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77013986 08/10/2020 03:24 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] Never try to run your low IQ Acorn math on real life economics because you will lose every time. |
| LiteaFart
User ID: 79191264 United States08/10/2020 03:29 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] If re-elected Trump promises to ELIMINATE it! [link to www.washingtonpost.com (secure)] “If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” Trump said at a news conference in Bedminster, N.J. “I’m going to make them all permanent.” “In other words, I’ll extend beyond the end of the year and terminate the tax,” Trump later added. “And so we’ll see what happens.” Then say goodbye to Social Security and Medicaid. The payroll tax is what pays for these programs. |
| Anonymous Coward User ID: 68079391 United States08/10/2020 03:42 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78817686 United States08/10/2020 03:52 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] He's a Wall Street cokehead who had a stroke, that's why he slurs, true story. He was peddling silver lining bullshit in 2008. He is scum. |
| Anonymous Coward User ID: 77519450 United States08/10/2020 03:52 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] If re-elected Trump promises to ELIMINATE it! [link to www.washingtonpost.com (secure)] “If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” Trump said at a news conference in Bedminster, N.J. “I’m going to make them all permanent.” “In other words, I’ll extend beyond the end of the year and terminate the tax,” Trump later added. “And so we’ll see what happens.” Not according to Kudlow. “I think he meant the deferral would be forgiven,” the White House adviser responded. “I think he was saying that the savings on the deferral will be permanent. He did not mean that he was eliminating the Social Security tax.” [link to thehill.com (secure)] These guys need to get their stories and election promises straight. The social Security tax canard was all DNC! Stop buying theiir doom porn. [link to www.washingtonexaminer.com (secure)] One of the great puzzles of politics is why so many are against President Trump's idea of cutting payroll taxes. The puzzle starts from the fact that this is simply the standard Keynesian thing to do to boost demand in a recession, and as President Richard Nixon said more than a generation ago, "We are all Keynesians now." In these terms of the standard macroeconomic models, spending more (perhaps through stimulus checks) or taxing less both blow out the deficit and create that desired demand. We should be equally happy with either, even both. Except we've also got evidence from John Keynes himself. Back when he was first thinking about this, it was pointed out to him that cutting payroll taxes does exactly this: reduces taxes collected and thus expands the deficit. Further, as everyone's paycheck gets prepared once a week (back then, now it's usually every two weeks), it has a nearly immediate effect. The workers get a lift in their incomes to spend. Employers save on the tax costs of employing someone. It both achieves the theoretic goal and is amazingly simple to do. |
| Anonymous Coward User ID: 78817686 United States08/10/2020 03:53 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? it's like saying china is paying the tariffs... Quoting: ^TrInItY^ lol no United States importers are paying the tariffs and passing the cost along to YOU... This people are fucking conmen We can't get any electrical connectors or plugs now. Even if assembled here the parts and/or packaging was made in China. We are so fucked. |
| Anonymous Coward User ID: 79251193  Hong Kong08/10/2020 03:54 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78817686 United States08/10/2020 03:55 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] If re-elected Trump promises to ELIMINATE it! [link to www.washingtonpost.com (secure)] “If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” Trump said at a news conference in Bedminster, N.J. “I’m going to make them all permanent.” “In other words, I’ll extend beyond the end of the year and terminate the tax,” Trump later added. “And so we’ll see what happens.” Not according to Kudlow. “I think he meant the deferral would be forgiven,” the White House adviser responded. “I think he was saying that the savings on the deferral will be permanent. He did not mean that he was eliminating the Social Security tax.” [link to thehill.com (secure)] These guys need to get their stories and election promises straight. The social Security tax canard was all DNC! Stop buying theiir doom porn. [link to www.washingtonexaminer.com (secure)] One of the great puzzles of politics is why so many are against President Trump's idea of cutting payroll taxes. The puzzle starts from the fact that this is simply the standard Keynesian thing to do to boost demand in a recession, and as President Richard Nixon said more than a generation ago, "We are all Keynesians now." In these terms of the standard macroeconomic models, spending more (perhaps through stimulus checks) or taxing less both blow out the deficit and create that desired demand. We should be equally happy with either, even both. Except we've also got evidence from John Keynes himself. Back when he was first thinking about this, it was pointed out to him that cutting payroll taxes does exactly this: reduces taxes collected and thus expands the deficit. Further, as everyone's paycheck gets prepared once a week (back then, now it's usually every two weeks), it has a nearly immediate effect. The workers get a lift in their incomes to spend. Employers save on the tax costs of employing someone. It both achieves the theoretic goal and is amazingly simple to do. Keynes was a literal pederast who commented that he didn't care what happened when the Ponzi scheme collapsed as he would be already dead. |
| Anonymous Coward User ID: 78547930 United States08/10/2020 03:55 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? it's like saying china is paying the tariffs... Quoting: ^TrInItY^ lol no United States importers are paying the tariffs and passing the cost along to YOU... This people are fucking conmen THIS Trump continued to make that bullshit claim that China pays the import tariffs and his faithful tards just keep believing that lie. |
| Anonymous Coward User ID: 77749705 United States08/10/2020 03:56 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] If re-elected Trump promises to ELIMINATE it! [link to www.washingtonpost.com (secure)] “If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” Trump said at a news conference in Bedminster, N.J. “I’m going to make them all permanent.” “In other words, I’ll extend beyond the end of the year and terminate the tax,” Trump later added. “And so we’ll see what happens.” THIS |
| Anonymous Coward User ID: 79146051 United States08/10/2020 03:56 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment in President Trump's executive order will give millions of employed Americans "a gigantic wage increase." Quoting: Anonymous Coward 29910105 "There are roughly 140 million people who are working. There are roughly 15 million or 16 million unemployed. The unemployed is too high. There's a lot of heartbreak there. That's why we want to help them with the unemployment assistance," Kudlow said on ABC's "This Week." "But the 140 million some odd, they're going to get a gigantic wage increase, probably $1,200 between Sept. 1 and Dec. 31. And, again, we'd like to — we will do everything we can to forgive those loans. So I think that's an incentive to work for those who are heroes during the pandemic, and also for the unemployed, it gives them an incentive to come back to work so we can offset some of the excesses of unemployment assistance." Note: The payroll tax deferral puts 7% more in your paycheck and you still owe the tax. It's basically an interest free loan. [link to thehill.com (secure)] He's a Wall Street cokehead who had a stroke, that's why he slurs, true story. Liar  shareblue troll. |
| Anonymous Coward User ID: 78547930 United States08/10/2020 03:56 PM Report Abusive Post Report Copyright Violation | Re: Larry Kudlow says the payroll tax deferral will give employed Americans 'a gigantic wage increase' Is he drunk again? |
| bcjams
User ID: 78109542 United States08/10/2020 03:58 PM Report Abusive Post Report Copyright Violation | |
