Last week, President Donald Trump nuked the Democrats, after they refused to come to an agreement to extend virus relief. Trump issued four executive orders that left Democrats stuck and babbling as to how to respond since they couldn’t really challenge them legally and they were popular with Americans.
-Suspend Payroll Tax through remainder of 2020, for those making less than $100,000.00, retroactive to August 1st. If reelected, his intent is to make these payroll tax cuts permanent.
-Continue the moratorium on evictions, while providing financial assistance to renters.
-Extend unemployment benefits at a rate of $400.00/week, $200.00 less than previous plan. This gets rid of the “stay home” incentive by making work more attractive.
-Defer Student Loan Payments.
Challenging them would be very bad optics of denying Americans relief.
That left Joe Biden ‘stuck between a rock and a hard basement,’ as we reported at the time, citing Josh Blackman’s term in Reason for the position within which Biden found himself.
So how is Joe going to dig himself out of that predicament?
Lie about what the president actually said, apparently.
Donald Trump said that if he’s re-elected, he’ll defund Social Security.
We can't let that happen.
— Joe Biden (@JoeBiden) August 10, 2020
That of course is not what he said. He said he would be deferring the payroll tax through December. That puts money in pockets now when it is most needed, it puts money in the pocket of the employers who then can use it to retain your job or hire other people. This is for those under $100,000 so no, it’s not helping the rich which is what Democrats falsely say about virtually everything.
Democrats blocked or delayed relief multiple times already.
Not only that Democrats and Biden specifically are hypocrites considering what they have said about payroll cuts in the past under Barack Obama.
According to Stephen Kent who consults for a bipartisan employment policy group:
Payroll taxes are the largest taxes two thirds of Americans pay. They’re regressive (income above $137,700 is exempt), and they’re distortionary, meaning they artificially raise hiring costs and undermine job growth, which we desperately need now. Cutting them puts more money in the pockets of more workers than any other tax cut, and boosts job and economic growth, which is why previous presidents enthusiastically cut or suspended them during downturns, including George W. Bush and Barack Obama.
Yes, Biden is attacking Trump although Biden himself has touted the benefit of a payroll tax cut in the past.
Joe Biden, who personally negotiated Obama’s payroll tax cut legislation, repeatedly extoled the benefits of a payroll tax cut, writing in a 2011 op-ed that it was “just plain wrong” that it would threaten Social Security. pic.twitter.com/FI9JKpP3sL
— Steve Guest (@SteveGuest) August 9, 2020
There’s more. While he doesn’t want to give Americans that relief, he managed to avoid paying payroll taxes, apparently not giving a darn about Social Security, by his own rules.
My @WSJopinion op-ed highlights how @JoeBiden and @DrBiden dodged over $500,000 in payroll taxes — yet now object to giving Americans a fraction of the same payroll tax relief… https://t.co/mM9tJyf5zM
— Chris Jacobs (@chrisjacobsHC) August 10, 2020
Not to mention how he’s tried to cut Social Security in the past.
— Daily Caller (@DailyCaller) August 11, 2020
So yes, Joe Biden, please do go down this road and get destroyed over it.