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Trump signed an executive action Saturday deferring the employee portion of payroll taxes -- 6.2% for Social Security and 1.45% for Medicare -- for workers making less than $100,000 a year through the rest of 2020.
If he's reelected, Trump said, he plans to forgive the taxes and make permanent cuts to the payroll taxes.
"I'm going to make them all permanent," he said.
Otherwise, presumably, workers would have to pay the taxes at the end of the year.
Coronavirus has already dealt a blow to Social Security's finances. Trump's payroll tax holiday could make it worse
Is Trump deliberately attacking social security and medicare?