Payroll Tax Cut Broadcasts
The Payroll Tax, or FICA as it appears on your check stub, is the tax that most Americans pay as their contribution to federal insurance programs like Social Security and Medicare. Their employer pays an equal amount per employee and as such the payroll tax is a partnership between employers and employees that tries to ensure a basic level of income and healthcare coverage for people in their later years. Here we discuss the ramifications of President Trump’s repeated calls for a cut or elimination of the payroll tax.