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Mnuchin threatens to make taxpayers pay back COVID money unless Trump is reelected

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Chris Wallace speaks to Steve Mnuchin (Fox News/screen grab)

Treasury Secretary Steve Mnuchin suggested on Sunday that Americans will have to pay the government back for any payroll tax reduction unless President Donald Trump is reelected.

In an interview on FOX, host Chris Wallace noted that the president’s latest executive action on COVID-19 financial relief is “not a tax cut.”

“It’s a payroll tax suspension,” Wallace explained. “Isn’t there a danger that a lot of businesses won’t pass these saving through to workers because they’re going to hold on to the money because at some point, according to this executive action by the end of the year, those payroll taxes are going to be have to be paid anyway?”

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“Well, the president wanted to do a payroll tax cut,” Mnuchin replied. “We could do the payroll tax deferral. He’s going to go to the American people and tell them that when he’s reelected, he will push through legislation to forgive that so, in essence, it will turn into a payroll tax cut.”

Wallace also wondered if executive action would cause a reduction in Social Security and Medicare benefits.

“That’s not the case,” Mnuchin said without evidence. “There would be an automatic contribution from the general fund to those trusts funds. The president in no way wants to harm those trust funds.”

“We’re already running huge deficits,” Wallace observed. “So how are you going to pay for it from the general fund?”

“You just have a transfer from the general fund,” Mnuchin insisted. “We’ll deal with the budget deficit when we get the economy back to where it was before.”

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Watch the video below from Fox News.


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How Christian nationalism in the US legislates evil and punishes the poor

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On August 26th, during the Republican National Convention, Vice President Mike Pence closed out his acceptance speech with a biblical sleight of hand. Speaking before a crowd at the Fort McHenry National Monument in Baltimore, he exclaimed, “Let’s fix our eyes on Old Glory and all she represents. Let’s fix our eyes on this land of heroes and let their courage inspire.” In doing so, he essentially rewrote a passage from the New Testament’s Book of Hebrews: “Let us fix our eyes on Jesus, the author and perfecter of our faith, who for the joy set before Him endured the cross.”

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2020 Election

Mudslinging, half-truths and a clash of cultures: Here are 7 things to look for in tonight’s Trump-Biden debate

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Well, we can be sure tonight’s debate will be sarcastic, insulting and lively – and a fact-checker’s heaven, starting with why Donald Trump hasn't paid any income taxes recently.

Donald Trump is reported to have spent his prep time coming up with one-line zingers particularly aimed at his opponent’s family and mental acuity, even as Joe Biden seeks to lay blame for coronavirus and economic problems on Trump. Still, the whole event sets up as a clash of cultures more than any debate about who stands where on issues, a showdown of sorts about what sort of country we want.

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‘It was all a hoax’: NYT destroys Donald Trump’s claims of business success in second blockbuster on his taxes

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President Donald Trump's tax returns have resulted in a second bombshell story by The New York Times.

"From the back seat of a stretch limousine heading to meet the first contestants for his new TV show “The Apprentice,” Donald J. Trump bragged that he was a billionaire who had overcome financial hardship. 'I used my brain, I used my negotiating skills and I worked it all out,” he told viewers. “Now, my company is bigger than it ever was and stronger than it ever was.' It was all a hoax," the newspaper reported Monday evening.

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