Tuesday on Fox Business Network’s “Mornings with Maria,” Rep. Roger Williams (R-TX) sounded off on President Donald Trump’s proposal to enact a payroll tax cut and ensure assistance is available to hourly workers amid the coronavirus outbreak which has caused the stock market to crash.
Williams suggested Trump should focus on cutting payroll taxes for employers, arguing doing so would get money in the right hands.
“I’ve always been a proponent of cutting payroll taxes. I think it’s important that right now we focus — I’d like to see him focus on cutting payroll taxes to the employer,” Williams told host Maria Bartiromo. “There is cash flow out there. I’m a main street business owner. Business is still very good. I think, though, if you focus on the employer and cut the payroll tax, along with the employee if you choose to do so, the money will get in the right hands. Business can still expand, businesses can hire, and I think that’s a good way to go if they choose to do that.”
He added, “The economy is good. I mean, I am a small business owner. It’s as good as I’ve ever seen it — I’ve been in business 50 years. So, I don’t think we need to try to tweak something that’s working. I think if we start … shoving more money in the economy, I’m not for bailouts. We don’t need that. The economy is good, the stock market will come back. Let the private sector begin to get it back. Confidence is good, so I wouldn’t overreact right now.
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