Payroll tax is about ending Social Security, Medicare

Donald Trump and his staff have created a method to destroy Social Security and Medicare. The President signed an order that allows employers to choose the option of not collecting and submitting payroll taxes to the federal government for the rest of the year. These taxes are not part of the federal income taxes paid monthly but they are funds dedicated to pay for Social Security and Medicare.

The payroll tax is 7.65%. If a person makes $15 per hour working a normal year of approximately 2,000 hours their income is $30,000 with a payroll tax of $2,295 which their employer has to match.

The above mandate began this month and ends Jan. 1, 2021. An employee will receive an increase of take home pay of a little less than $200. This is good for them, but terrible for the country. The above named social programs will not receive money used to fund them but the reserve funds the government has borrowed from the trust will have to be used to pay its obligation.

Now comes the problem, Trump has said if he’s re-elected, he will pursue permanently cutting payroll taxes. When this happens the Social Security trust fund will be depleted in 2023 so where will the money come from to pay the recipients?

Republicans have always wanted to destroy Social Security and Medicare with the present White House finally finding a way to do so. The President’s plan outlined above is a boon to the employers of the country because they have to match the employee’s contribution. If a business has 10 employees, they will save $22,950 but consider what large corporations that have 10,000 workers, they increase their profits by $22,950,000’ distributing the wealth our nation to 1 percenters.

Yes, I am retired and receiving Social Security and Medicare, which I spend to live as do millions of other citizens. This money stimulates the economy — elect Joe Biden.

Dave Daugharty

Cheney