Trump Flip-Flops On His Payroll Tax Cut Flip-Flop

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Trump Flip-Flops On His Payroll Tax Cut Flip-Flop
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Do you have whiplash yet?

: “Payroll tax is something that we think about, and a lot of people would like to see that, and that very much affects the workers of our country.”The last time payroll taxes were cut was in 2011 and 2012, as the Obama administration wanted to encourage consumer spending during the recession. a capital gains tax cut through executive order⁠—a move that would be challenged in court by Democrats, who warned it would be illegal without Congress’ approval.

If Trump’s capital gains tax cut goes into effect, the government would forfeit $100 billion in revenue over a decade, which would mainly benefit the wealthy.

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