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Trump Administration Considers A Temporary Payroll Tax Cut

Trump Administration Considers A Temporary Payroll Tax Cut
Several officials from the Trump administration are trying to figure out a solution for the economy. They are considering a temporary payroll tax cut to encourage consumers to use their money. According to Business Insider, any discussion is preliminary because it requires Congress to sign off on it. According to the Center on Budget and Policy Priorities, in 2018, the federal payroll tax generated $1.17 trillion. Low-income Americans pay more of their incomes in payroll taxes because it's a regressive tax.