The Trump Administration's Favorite Stimulus Plan Would Leave Social Security Retirees in the Lurch
The Trump Administration has repeatedly expressed support for a second COVID-19 stimulus payment, which is good news for those hoping for more government money to help them cope with the 2020 recession. Unfortunately, the President's most favored proposal for coronavirus stimulus money would provide no help at all to the vast majority of Social Security retirees. Here's why.
President Trump has expressed some support for a variety of different stimulus proposals, including a plan to offer tax credits for travel. But the plan he's been most consistently in favor of is a payroll tax holiday. In fact, the President has long urged Congress to reduce payroll taxes temporarily or even eliminate them entirely. He's even gone so far as to say that he won't sign another coronavirus stimulus bill that doesn't slash these taxes.
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Source Fool.com
