Social Security Tax Cut Dropped as New COVID-19 Aid Package Readies

Social Security Tax Cut Dropped as New COVID-19 Aid Package Readies

WASHINGTON (AP) – The White House has dropped a bid to cut Social Security payroll taxes as Republicans prepare to unveil a $1 trillion COVID-19 rescue package.

The tax cut had been opposed by top Senate GOP allies. The legislation comes amid alarming developments on the virus crisis.

Senate Majority Leader Mitch McConnell’s package is an opening GOP bid in talks with top Capitol Hill Democrats in a negotiation that could be rockier than talks in March that produced a $2 trillion rescue bill.

GOP senators and President Donald Trump are at odds over priorities, and Democrats said the Republicans’ proposals are not enough to stem the health crisis, reopen schools and extend aid to jobless Americans.

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