Manu Raju
@mkraju
Jul 20, 2020
Senate Finance Chairman Chuck Grassley not a fan of adding payroll tax cut to GOP recovery plan. He said direct payments are more effective. "I think when a person has a check in his hand ... I think that's going to do more economic good than if we dribble out $30 every paycheck"
Manu Raju
@mkraju
"Because people are going to notice it and maybe take some action as a result," Grassley said of checks. Asked if he's open to both stimulus checks and a payroll tax break, Grassley said: "I don't think you can fit them in the approximate" price tag of $1 trillion.
4:13 PM · Jul 20, 2020
Manu Raju
@mkraju
Jul 20, 2020
Replying to @mkraju
Grassley also warned about how the public may perceive such a cut -- since enacting such a tax break would impact the Social Security trust fund. Grassley said that even though Congress would replenish the fund, people would think Washington is "raiding it."
https://twitter.com/mkraju?ref_src=.../iframe/2/twitter.min.html1285306847302422528
Manu Raju
@mkraju
"People would think that we're hurting Social Security funds when we're really not," Grassley said, explaining why he thinks it could be a "public relations problem."
4:13 PM · Jul 20, 2020