Thread by @mindyanns

Here’s a thread on trump’s executive orders -
I owned an accounting , tax & payroll business for 30 years, so I do have some expertise in these matters. What trump calls “payroll taxes” is the $ used to fund Social Security & Medicare.

1/6

Almost all of us have been paying into this fund our entire working lives. It exists to insure that we will have money and medical care when we are too old or disabled to work. When this “tax” gets cut it means there is less money for each of us when we need it.
2/6

The payroll tax “holiday” only affects people who are working. It does nothing to help the millions who are unemployed. The $400/wk. in additional federal unemployment benefits is dependent on already struggling states being able to fund 25% of the payments.
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Since the additional benefits aren’t coming from Federal Unemployment Funds it will require states to set up additional systems to test for eligibility and distribute the funds.
4/6

The “deferred payroll taxes” order is also a blatant political ploy. trump says that if he is re-elected he will forgive the deferred payments, if not, they’ll be due at the end of the year. Doesn’t that sound like he’s trying to buy our votes?
5/6

What is obvious is that trump’s executive orders, no matter whether they are constitutional or not, will do more harm than good.

#DemCast
#VoteBlue
#ExecutiveOrders

6/6

If you'd prefer to read and share this as an article, you can find it here:
demcastusa.com/2020/08/09/the…