Payroll Tax Cut Out of Next Stimulus Package

In an apparent concession to many, including the Association of Mature American Citizens (AMAC), who felt that a temporary payroll tax cut would unnecessarily damage Social Security’s finances, Treasury Secretary Mnunchin has announced that there will be no payroll tax suspension in the next stimulus package being offered by Republicans. This, and other details about the GOP’s proposed new Economic Relief Package (dubbed “CARES 4.0”) – including potential extension of the Federal unemployment compensation supplement, are included in this ThinkAdvisor article by Melanie Waddell. Click here to read more.

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