[Alberta's Child]

You don't "deplete Social Security funds" at all with a payroll tax cut. FICA and Medicare taxes go into the general treasury and aren't earmarked for anything. They aren't in some kind of silly "lockbox" at all.

If we are going to be a fiscally irresponsible nation with $23 trillion in Federal debt, we might as well let people keep more of their own money in the process.

[rintintin]

“You don’t “deplete Social Security funds” at all with a payroll tax cut. FICA and Medicare taxes go into the general treasury and aren’t earmarked for anything“

The Social Security financial statement lists its revenue as the FICA tax payments. Reduce those payments and the Finance Statement will record that there’s not enough money to pay retirees. Besides threatening cutbacks in Social Security payments to unemployed seniors, this brilliant tax cut “plan” would be wonderful political grist for the Democrats

Trump has said many times that Republicans have to stop trying to cut Social Security. It’s one of the things that the NeverTrumpers hate about him - and one of the reasons he won states that Romney and McCain and Bush couldn’t. Please don’t fall into the old old pre-Trump Republican habit of attacking Social Security

[FormerFRLurker]

If we are going to be a fiscally irresponsible nation with $23 trillion in Federal debt, we might as well let people keep more of their own money in the process.

So we just give up on fixing the deficit? It's okay if America becomes a Third World nation as you get your tax cut? The piddling amount of money we would get from tax cuts would be swallowed up and then some when the American economy collapses. No nation whose debt exceeds its GDP maintains First World status for long. We needed to start fixing the deficit 10-20 years ago, not cutting revenue while maintaining or increasing spending.