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."

"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.

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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."

"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)]

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."

"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)]

THIS

Trump continued to make that bullshit claim that China pays the import tariffs and his faithful tards just keep believing that lie.

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."

"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)]

THIS

Trump continued to make that bullshit claim that China pays the import tariffs and his faithful tards just keep believing that lie.

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.

The tax is deferred. What part of "you have to pay it back" don't you understand?

He's a Wall Street cokehead who had a stroke, that's why he slurs, true story.

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.”

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.

THIS

Trump continued to make that bullshit claim that China pays the import tariffs and his faithful tards just keep believing that lie.

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.

It's 7.65%, and in my case it amounts to $10,740 per year or ~ $900 per month.

I'll be happy to take your 7.65% as well if you don't want it. Just let me know and we can arrange a scheduled ABA transfer from your account to mine.

Also, it'll wind up being tax-free, not deferred, because we all know Trump will win.

It's a WIN for the working public...LESS taxes.

If Demonrats were in control they would of raised our taxes 2-3 times in the last 3.5 years.

It's 7.65%, and in my case it amounts to $10,740 per year or ~ $900 per month.

I'll be happy to take your 7.65% as well if you don't want it. Just let me know and we can arrange a scheduled ABA transfer from your account to mine.

Also, it'll wind up being tax-free, not deferred, because we all know Trump will win.

It's a WIN for the working public...LESS taxes.

If Demonrats were in control they would of raised our taxes 2-3 times in the last 3.5 years.

It means bigger paycheck because more take home pay,fewer deductions. It won’t have to be paid back.

THIS

Trump continued to make that bullshit claim that China pays the import tariffs and his faithful tards just keep believing that lie.

My understanding was that Trump says it won't have to be paid back if he is elected as he plans on forgiving it. If he's not elected, it would presumably have to be paid back.

It means bigger paycheck because more take home pay,fewer deductions. It won’t have to be paid back.

Because they are idiots who don't understand how the world works.

The most they have ever imported is some crap off eBay that they pay no tax on.

I on the other hand import fucking CONTAINERS and know exactly who pays the tariffs, ME!

Guess what happens to the price of goods I retail out to the general public, THEY GO UP!