Fmr. Obama Economist: Trump’s Coronavirus Payroll Tax Cut Not The Answer | The Last Word | MSNBC

The Former Chairman of the Council of Economic Advisers for President Obama Austan Goolsbee, now an Economics Professor at the University of Chicago, explains why President Trump's proposal for a payroll tax cut will not help counter the coronavirus economic damage. Aired on 3/9/2020.
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Fmr. Obama Economist: Trump's Coronavirus Payroll Tax Cut Not The Answer | The Last Word | MSNBC

62 comments

    1. Anyone know how many in that room attended the recent CPAC conference, flew on AF-1 and Mar-a-largo this past weekend?

    2. @Just Say’n They’re doing it in Great Britain and at university in Washington for health care workers.

  1. It’s funny how we haven’t heard talks about trump declaring a national emergency for what seems like a real national emergency ….. I guess refugees are more of a threat for the United States…….

    1. This refugee has a name. Think of it, it invades, uninsured, looking for a place to live and will be a drain on the economic future of the country. The first to walk through, over ,and around the privileged wall . Who’s going to pay for this ?? As was stated, the tax relief is only for people who may [ companies], fall into that category. And the rest?????

    2. @Waynem Lambert I’m a kid, but you’re the one scrambling around at the last minute amongst the heathens trying to stop people from stealing… hahaha ok lamb, keep being a sheep, you’ll be ok, Ill see you on YouTube here soon, like black Friday everyday for months. You’ll be the one standing there crying. 🤗😷😷😷😤😂

    3. Aaron Weiser mmm you must have missed his Tyra in the Oval Office, the 1 that he said “ I will shut it down and be proud of it “. Please explain why their is close to 400 bills sitting on McConnells desk (mostly bi partisan) that he won’t even bring up for debate.

  2. If Trump throws you a payroll tax cut bone you better save it for the medical expenses you’re going to incur once you get infected.

    1. If tRump says something, I don’t believe it. After 17,000+++ lies, who could possibly trust this fake president and con, tRump? *Get the lying psychopath nut of the WH and the country.*

  3. That was a briefing. Trump made an appearance, then Pence tried to convince everyone Trump handled the entire situation masterfully.

  4. Reducing FICA taxes when there is a shortfall exacerbates benefit cuts in future years. Trump will sell the country short to favor his re-election.

    1. Oh no, whatever will people do with lower benefits. If only they were able to save significantly more than the benefits they’d get somehow.
      Unfortunately everybody knows that government is extremely efficient, so any tax dollar that you pay in is guaranteed to come back as more than one dollar “in future years”.

    2. 85% of social security comes from payroll taxes, not from the federal government. Trumps only motive is for re-election and pandering to special interests.

  5. A payroll tax cut will not work. It’s more than ridiculous. Yet again this “businessman” shows his ignorance of economics. He’s the biggest loser of all time.

  6. Sure, blame the stock market crash on “fake news”. The messenger gets the blame, not the guy that knocked the foundation out from under the economy while happily giving tax breaks to his buddies and running up the national debt to unheard of levels. The guy that went bankrupt half a dozen times is now bankrupting the US economy and perhaps the world with his ignorance of economics.

  7. Trump’s budget cut the Infectuous Disease Rapid Response Reserve Fund, the Public Health Preparedness and Response Funds, Hospital Preparedness Program and the Epidemiology and Labatory Capacity Program. He even can’t get the right people to replace his bunch of unqualified personnel.

    1. Katherine Jones, Production constraints and bureaucracy also the U.S. Quarantine system was effectively destroyed in the 70s and 80s by ACLU court actions.

  8. NEWS FLASH: it won’t slow down with warmer weather. This isn’t N1H1. And the virus is busily spreading right now in Australia where it is currently hot.

    1. thanks pal, not exactly what we wanted to hear but never the less what we need to know, much appreciated

  9. Goolsby is right and he knows what he’s talking about.
    1. Paid leave.
    2. Makes testing mandatory and free.
    3. Student debt forgiveness.
    4. Expand Medicaid and Medicare for the next year.

    1. @TheMaryam1891 of course, they’d be Bankrupt without him, but that’s not the only issues at hand.

  10. He’s trying to buy the average American. Not working with me. He needs to do his job or get out of the way.

    1. Hmm, he hasn’t done his job so far. I can’t see something as trivial as a pandemic making him start to do it now.

    2. Nothing from nothing leaves nothing. If you don’t go to work it doesn’t matter what the tax rate is

  11. Now we know if any facts or information this fake potus doesn’t like he will angrily deny it as fake news or hoax, and we can write a book on all his denials,.

  12. This cad wouldn’t promote paid leave as his many businesses would have to give something back to the hard-working people who work for them…

    1. He has a bigly vocabulary and has the best words. The best! Perfect! Many people are saying. Believe me.

  13. As per “sick leave”, what we need is exactly what the of Governor of New York has recently had a Bill signed called the Sick Leave Bill, if quarantined, your job will pay you sick leave while your quarantined! This Bill should be for every state in the U.S.! We all have mortgages, rents, bills, food, etc. to pay or buy! We shouldn’t have to worry while being quarantined that we could be made homeless because we have no money coming because of the Coronavirus also known as COVID-19. I hope & pray the Governor Newsom of California does the same as the Governor of New York did for his state! On the other hand, President Trump can do something about this for the entire U.S.!

    1. The best PROVEN defenses against poverty are: 1) Graduate High School, 2) Don’t have children until you are married, 3) Get a college degree, 4) Get a salaried job. If you have to, like I did, work 3 jobs, go to night school, get an entry level job, get good at it and move up. Daddy Government ain’t gonna save you! SAVE YOURSELF!

    2. Yes, I’m sure you are very clever and hard working. BUT is anyone going to pay you when you are told not to go to work ?

  14. Don’t forget Trump University
    defrauding hardworking people of thousands of dollars and his laughable lawsuit
    against journalist Tim O’Brien who claimed Trump was not a billionaire and he
    lied about his fake wealth. Trump sued O’Brien, claiming harm to his business
    and seeking $5 billion in damages. Trump spent more than $1 million in legal
    fees over the course of five years. He conceded, under questioning from
    O’Brien’s attorneys during a deposition, that he had “consulted his own
    feelings to determine his net worth.” 
    Needless to say, he lost the suit proving Trump is not a billionaire. That’s
    true and we can’t forget that the court ordered him to pay back $25 million
    dollars for misleading Trump University. If we study his pattern of corruption
    and lies, he has deceived and manipulated the banks, investors, and the general
    public all for money and power. He never cared about the losses of his
    investors for all his failed businesses like casino, airline, real estate,
    university, and marriages. Some may say, its history and no one has a perfect
    history. Well, you can only change if you have self awareness and like all
    narcissist, Trump can never change because he doesn’t have morals. He is about
    branding on fake persona for attention, fame, fortune, and power. He is the
    master of manipulation, not inspiration. Please take this dude straight to
    prison… I am sure that if the devil existed, he would want us to feel very
    sorry for him.” “If… you find yourself often pitying someone who consistently
    hurts you or other people, and who actively campaigns for your sympathy, the
    chances are close to 100 percent that you are dealing with a sociopath.”―
    Martha Stout, the Sociopath Next Door. The trump trolls are triggered and ready
    to go 😂😂😂😂 the most hated
    man in America is IMPEACHED imbecilic paedophile trump aka individual 1…thank
    God America has WOKE up and will get trump out… IMPEACHED imbecilic paedophile
    trump aka individual 1 according to trump is Mr. “very stable
    genius,” “great & unmatched wisdom,” “very, very large
    Abrain,” “highest IQ, “best words,” “the chosen
    one,” & even “the super genius of all time.” & now, regarding
    COVID-19, he is even better than all the doctors/CDC. OMG, what “a very
    stable genius!” 🤔🤨😉😆😜

     

    You want to help, cure,
    restore, repair, protect, defend, and fight before it’s too late. You want to
    save people, animals, groups, and causes from harm and injustice. You want to
    kick a** to make things better. And the narcissist may be your biggest
    challenge yet. But the secret is out: You can’t cure the narcissist, and you
    usually can’t ever teach them even the basics of empathy. Also, narcissists are
    cowards (bone spurs) and tend to run in packs. Also, people who fall under the
    diagnosis of Anosognosia or considered affected by the Dunning-Kruger Effect
    fall for Trump/malignant narcissists.

    4.  You Are a Rescuer

     

    People with low self-esteem,
    often as a result of abusive or devaluing childhood experiences, including physical
    and sexual violation, are vulnerable to narcissists. You have been taught that
    you don’t deserve decency, affection, boundaries, stability, or unconditional
    love. You may have never seen a real-life example of kindness, let alone love,
    and yet you deserve both things as much as anyone does. Narcissists pray on
    vulnerable people, who will bend to their will but preferably also elevate them
    in some way—by being good-looking, rich or at least good earners, intelligent,
    professionally accomplished, charming, and so on.

    3.  You Struggle with Low Self-Esteem

     

    As a person highly aware of
    others’ experiences and emotions, you are exceptionally attuned and in some
    cases more vulnerable to exploitation by people who lack empathy—a state of
    being that for most of us, and especially you, is difficult to comprehend.

    2.  You’re an Empath

     

    If you were raised by one or
    more narcissist parents/stepparents, that makes you more susceptible to falling
    into further relationships with narcissists.

    1.  You Were Raised by Narcissists

     

    Wondering why you fell for a
    narcissist, or if you’re the type who might attract or be attracted to them? If
    you’re part of the club, it’s no surprise that you may not want to be a member,
    but it doesn’t reflect badly on you. Some of the strongest, smartest, most
    compassionate people end up snagged in the narcissist’s web, only to find a way
    out. And if you’re lucky enough to have avoided it, this might help you keep it
    that way. Here are four common personality types who are more likely than most
    to fall for narcissists.

    1. “I am the chosen one ” yeah chosen to be kicked out of office. Chosen to go down with the virus. He needs to get out of the way AND get out of the office

  15. *WHO WOULD EVER HAVE THOUGHT* The Republicans answer to CV19 is a tax cut.

    They LITERALLY have no other thing in their heads, do they? If you brake your leg – TAX CUT. If your wife leaves you – TAX CUT. If your dog dies – TAX CUT.

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