Payroll Tax Delay To Boost Take-Home Pay, But Don't Spend It Yet
President Trump wants to give a $100 billion boost to the U.S. economy by hitting the "pause" button on workers' payroll taxes.
That would leave more money in people's paychecks. But the move — which Trump ordered over the weekend — is only temporary. And that could produce headaches down the road for workers, employers and the Social Security system.
Original Article Source Credits: NPR , https://www.npr.org/
Article Written By: SCOTT HORSLEY
Original Article Posted on: August 12, 2020
Link to Original Article: https://www.npr.org/2020/08/12/901416058/payroll-tax-delay-to-boost-take-home-pay-but-dont-spend-it-yet