” the cut in taxes that finance Social Security and Medicare. “
A bald lie. Those taxes go into the general fund and get spent.
And they included another lie by omission:: payroll taxes are paid 100% by consumers.
Trump’s cut would have saved consumers money.
There is no reason to believe the savings would be passed on to the consumer.
The purpose of the payroll tax cut is to let the employee keep more of his paycheck. That will help motivate people to get back to work after they’ve been collecting $600/week on top of their regular unemployment checks.