Suspension of Payroll Tax
Annual Payroll Tax was expected to contribute $1 373 000 000 (1.373 trillion) to America's coffers for fiscal year 2021. If its suspended for 4 months (Sept.1 - Dec. 31 2020) that's $457 666 666 removed from the country's budget. so many 6s. This will obviously not be good for the deficit.
What could POTUS be planning to counter act this? He knows how to manage big money, he's been doing it his whole life. I wonder if this could be the catalyst that re-introduces a modern version of the gold standard?
https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762
https://www.newsmax.com/ralphbenko/economy-trump-coronavirus-gold-standard/2020/03/24/id/959659/
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/trump-gold-standard/
https://www.marketplace.org/2020/07/21/trump-fed-nominee-advances-in-senate-despite-support-for-gold-standard/
https://www.forbes.com/sites/nathanlewis/2019/12/06/the-world-gold-standard-system-will-rise-again—but-not-yet/
https://newspunch.com/trump-gold-standard/
https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/