Skip to content
Subscriber Only
Politics
Economics

White House Says No Plan to End Payroll Tax Permanently

  • Economists say any suggestion of abolishing tax ‘fantasyland’
  • Some retiree benefits could disappear in months without tax
Updated on

White House officials said the administration has no plans to do away with the payroll tax despite President Donald Trump saying he would seek a permanent repeal if he wins another term.

Even if Trump were to follow through, the idea of doing away with the tax is unlikely to get much support in Congress because it could drive up the deficit by trillions of dollars to plug a funding gap, or spell the end of some Social Security payments for millions of Americans.