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Moore proposed the idea in a weekend Wall Street Journal op-ed, which received backlash from critics who argue such a move should be left to Congress.
“People really do like the idea,” Moore told host Neil Cavuto said. “I can't speak for all the politicians, but it's popular.”
According to Moore, every worker in America would receive an immediate 7.5% pay raise once the tax is suspended.
Moore argued that Trump has the "unquestionable authority" to suspend collection of the payroll tax by an emergency procedure spelled out in the tax code.
“That would mean that employers would no longer withhold that tax from people's paychecks ...," he claimed. "Donald Trump could say, ‘If I'm re-elected, I'm going to forgive that tax.’ So it's sort of a way of cutting taxes without this Congress necessarily authorizing it.”
Moore said the cut would take some pressure off the economy and reduce government spending while putting money directly in the pockets of working Americans.