Trump payroll tax cut would come at a time when Social Security is already facing trouble

President Donald Trump wants the next stimulus package to include a payroll tax cut, with his administration arguing the reduction would help boost economic growth. But a cut to the primary source of revenue for the Social Security program would come at a time when the retirement program is already facing strains.

Payroll taxes fund social insurance programs including Social Security and Medicare, with employers and workers splitting the 15.3% levy. Last year, the tax provided more than $900 billion in funding for the Social Security program, according to the most recent financial report from the Social Security Administration.

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