The President has signed a set of what he terms "Executive Orders" on the theory that Democrats are so uncooperative that the President simply has to go around them.
So just to be clear, Congressional Rs are ok with the president unilaterally changing the tax laws? Trump says he'll stop collecting payroll tax, plans changes in income & capital gains taxes. And they are ok w/him doing that on his own? Might be a relevant precedent some day.— Ronald Brownstein (@RonBrownstein) August 8, 2020
You can see the procedural moderates on the Dem side getting radicalized in real time https://t.co/Mwc38ppMUR— Benjy Sarlin (@BenjySarlin) August 8, 2020
Republican Senators endorsing the idea that a president can unilaterally change the tax code is a precedent worth filing away, even if it's legally absurd. https://t.co/7ynuakkhyp— Ronald Brownstein (@RonBrownstein) August 8, 2020
For reference; Article I, Section 9, Clause 7: "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time."— David Swerdlick (@Swerdlick) August 8, 2020
President Donald Trump has bypassed the nation’s lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed.
The President has been pressing for a cut in the Social Security payroll tax for quite some time. He found that support for doing so was very thin. He has now vowed that he'd like to make cuts in the tax permanent. Although he doesn't claim he wants to make Social Security and Medicare go away, one kind of follows the other. When you take away the funding mechanism for them, how do you keep them going?
"Trump's executive order, which seeks to defer Social Security contributions, is bad enough," said Nancy Altman, president of Social Security Works. "But his promise to 'terminate' FICA contributions if he is reelected is a full-on declaration of war against current and future Social Security beneficiaries."It could very well be that the President hasn't really thought this all through and will deny it all tomorrow, but it's pretty hard to avoid the conclusion that Social Security and Medicare are in very great peril if the President gets re-elected to a second term.