Trump’s Payroll-Tax Deferral Plans Spur Confusion - News Summed Up

Trump’s Payroll-Tax Deferral Plans Spur Confusion


WASHINGTON—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 Treasury Department faces continued pressure from businesses about the difficulty of implementing the idea. And since Mr. Trump unveiled the concept, he has repeatedly described his own administration’s plans in a way that suggests he is seeking a much more sweeping...


Source: Wall Street Journal August 13, 2020 11:43 UTC



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