Hey, you know what we need right now? Donald Trump and a whole host of Republicans know just the thing to lift our flagging spirits and keep our minds off of the death and destruction they have wrought. Their priorities are, as always, exactly where they should be.
And businesses, payment processors and economists signaled Sunday in the absence of a guarantee that the payroll taxes actually will be absolved, businesses would be unlikely to alter worker paychecks.
Isberg said it may take months for some businesses to implement a system that can defer payroll taxes for a few months, delaying any potential boost to the economy. “It’s not clear employers broadly will adopt this,” he added. “It’s not clear employees will want to take it even if they qualify.”“I think what most employers are going to do is not pass this on to their employees,” added Josh Bivens, the director of research at the left-leaning Economic Policy Institute.
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