A few days ago, President Trump floated the idea of reducing the payroll tax (used to fund Social Security) as a way to keep the economy going. Regardless of the utility of the idea – I think it would ineffectual and reflects an unhealthy fixation on taxes and entitlements – I found this note about Senator McConnell’s (R-KY) reaction deeply amusing:
Senate Majority Leader Mitch McConnell (R-Ky.) has privately told several allies in recent days he personally opposes the payroll tax cut idea Trump has endorsed, according to two veteran Republicans briefed on the discussions who were not authorized to speak publicly.
McConnell has made clear he “detests” pursuing this particular policy, which would probably add to federal debt and deficits, and he has said many conservative GOP senators share his view. Still, he will hear out the White House on Tuesday, they said. [WaPo]
Source: St. Louis Fed
Really, Senator McConnell? You helped pass legislation which increased the deficit by how much, and now you’re worried about the deficit?
Hypocritical at best.
