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August 17, 2017
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Labor Headlines

US labour news headlines from LabourStart

An Attack on the Payroll Tax
Updated On: Apr 12, 2017
Apr. 12, 2017  | RETIREMENT | … According to an April 9 report by the Associated Press, the Trump administration and House Republicans are looking at repealing the payroll tax as a way to put several thousand dollars a year more into the checkbooks of working- and lower-middle-class households. This 12.4 percent tax, split evenly between employers and employees, funds Social Security. The self-employed pay the full 12.4 percent tax…. It’s hard to know if this report is an intended leak – an old Washington tradition to float ideas to gauge reaction before taking a public stance, or a serious proposal that would fulfill House Speaker Paul Ryan’s long-held goal of turning Social Security into a hybrid public-private system, where Americans would give some of their savings to Wall Street to invest. Wall St. has long coveted those billions… alternet.org

Teamsters 355 will resume posting on Monday, August 28, 2017.


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