Don't Qualify for President Trump's Payroll Tax Deferral? Boost Your Paycheck This Way Instead.

Thanks to President Trump's recently signed executive order, workers earning $104,000 a year or less, or $4,000 or less per bi-weekly pay period, will be entitled to a payroll tax deferral that boosts their paychecks starting in September through the end of the year. The tax in question that's being deferred is the 6.2% of wages employees typically have to pay toward Social Security, and not having to pay it will give workers more money to spend in the near term. Why did the president choose to defer payroll taxes?