Any chance you have the source on hoping to make it a permanent forgivance?
I checked OANN (4 exec orders on covid relief), it just has a clip where he says it's being deferred (until the end of 2020).
FYI ... had the misfortune of reading a legacy media article who quoted a Democrat about how "this is going to make things hard when they get an unexpected bill" -- lol; the vast majority of Americans get refunds every year. IE, it'll likely just reduce your refund, or eliminate it. So, that sounds stupid to me.
I'd be ecstatic if it's just cut and not paid back lol. In any case, it's a no-brainer to pause it while this ****show is going on, good move. But I don't see where there's an expectation of it being forgiven right now.
EDIT: I had to look and find the source video. Found it on Youtube: "President Trump accuses Democrats of "obstruction" after COVID-19 aid talks break down | FULL" by Global News.
Remarks start at 13 minutes, quote at 14:20: "If I'm victorious on November 3rd, I plan to forgive these taxes".
--Added a comment on OANN's article too so the information can actually be put out there, lol.
Fox News (yeah, I know) reported that "Employees would need to repay the federal government once the tax holiday ends without further action." So, it sounds like if you benefit from this, you'll just get screwed next year unless a future order is passed to forgive the payments.
That's an accurate current summary, to my understanding :-). To flesh out the pragmatics, it would really just hurt people's feelings when they see a smaller tax refund.
Fingers crossed - in my linked video above, Trump is on record wanting to forgive those taxes, hopefully a powerful indicator. If nothing else, it will make people wake up that 7.6% is being being straight up jacked out of their paychecks, maybe time to reconsider that one :)
Any chance you have the source on hoping to make it a permanent forgivance?
I checked OANN (4 exec orders on covid relief), it just has a clip where he says it's being deferred (until the end of 2020).
FYI ... had the misfortune of reading a legacy media article who quoted a Democrat about how "this is going to make things hard when they get an unexpected bill" -- lol; the vast majority of Americans get refunds every year. IE, it'll likely just reduce your refund, or eliminate it. So, that sounds stupid to me.
I'd be ecstatic if it's just cut and not paid back lol. In any case, it's a no-brainer to pause it while this ****show is going on, good move. But I don't see where there's an expectation of it being forgiven right now.
EDIT: I had to look and find the source video. Found it on Youtube: "President Trump accuses Democrats of "obstruction" after COVID-19 aid talks break down | FULL" by Global News. Remarks start at 13 minutes, quote at 14:20: "If I'm victorious on November 3rd, I plan to forgive these taxes".
--Added a comment on OANN's article too so the information can actually be put out there, lol.
Fox News (yeah, I know) reported that "Employees would need to repay the federal government once the tax holiday ends without further action." So, it sounds like if you benefit from this, you'll just get screwed next year unless a future order is passed to forgive the payments.
That's an accurate current summary, to my understanding :-). To flesh out the pragmatics, it would really just hurt people's feelings when they see a smaller tax refund.
Fingers crossed - in my linked video above, Trump is on record wanting to forgive those taxes, hopefully a powerful indicator. If nothing else, it will make people wake up that 7.6% is being being straight up jacked out of their paychecks, maybe time to reconsider that one :)