LCAO Chair’s Letter to the President on the Payroll Tax Cut

The Leadership Council of Aging Organizations (LCAO), a coalition of 69 national nonprofit groups concerned with the well-being of America’s older population, strongly urges you to reverse your August 8th executive action on the deferral of employee Social Security payroll contributions to the end of 2020.  While the stated goal may be to boost the economy and get money into the pockets of workers hurt by the coronavirus, deferring contributions to Social Security will not help the millions of workers who have lost their jobs and it will do nothing for those who have left the workforce because of such reasons as retirement, disability or caregiving.

LCAO Payroll Tax Letter