Trump Promises to Terminate the Payroll Tax That Funds Social Security and Medicare After He Is Re-Elected

President Donald Trump promised a massive cut to the federal budget at his White House press conference on Wednesday, one that would gut the funding for core safety net programs like Medicare and Social Security.

During a discussion of his attempts ongoing relief during the coronavirus pandemic, Trump repeatedly promised to “terminate” the federal payroll tax, also known as the Federal Insurance Contributions Act (FICA) tax, staring in 2021 if he is re-elected. That tax, which
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