Treasury Secretary Steven Mnuchin on Sunday downplayed the GOP’s rejection to including a payroll tax cut in the next COVID relief bill by shifting the blame to House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY).
The benefit of the reduction in the payroll tax only goes to the employed. Those needing the money the most, who will quickly spend it to help the economy, the unemployed and out of work, do not have the paycheck from which to be helped.
Mnuchin needs to be politically dismembered.
His body can walk the streets aimlessly … while his political career should be run through a wood chopper… of course, if this is not acceptable … maybe he would prefer incarceration.
if you’re ever asked for “the Republican Party… in a nutshell!” by a foreign and/or apolitical friend, just point to this obsessive desire to pass a concession that helps people who’ve kept their jobs, but not those who’ve lost them.
Mnuchin went on to tout tax credits that he believes will “incentivize people to get back to work and small businesses to hire people” as well as direct payments that are a “much quicker way of effectively giving everybody a tax cut.”
How are tax credits supposed to help people without a job, genius?
Thinking tax cuts will fix the economy is about as smart as thinking the Coronavirus will eventually just go away and die a peaceful death.