President Trump's payroll tax deferral is effectively dead.
Pretty much no one, Senate Republicans included, wanted to put a payroll tax cut Trump was pushing for in the next coronavirus relief bill. And Sen. Rand Paul (R-Ky.) seemingly put the final nail in the coffin on Thursday as he told Fox News it's "probably a mistake" to do so.
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But a potential reward for Americans getting back to work — Trump's payroll tax deferral — was also "probably a mistake," Paul said, because it would hurt the Social Security trust it funds. And as Forbes' Andrew Solander noted, Paul's opposition will likely seal the end of the proposition. Kathryn Krawczyk
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