Trump Wants Payroll Tax Waived Until General Election

Bloomberg News reports:



Donald Trump told Republican senators on Tuesday that he wants a payroll tax holiday through the November election so that taxes don’t go back up before voters decide whether to return him to office, according to three people familiar with the president’s remarks.

Trump spoke to the Republicans at their weekly conference lunch at the Capitol as his administration prepares a package of economic measures to combat the fallout from the coronavirus outbreak.

Trump also pitched Republican senators on economic relief for the travel and hospitality industries, which have been hard-hit by coronavirus-related cancellations, said Senator Lindsey Graham. Graham, a South Carolina Republican, said reaction to the idea of waiving payroll taxes was “mixed.”