Probably because of this.
Trump Signs Payroll Tax Deferral Executive Order
Thursday, August 13, 2020
Over the weekend, President Trump signed an executive order purporting to defer the payment of the employee’s share of the Social Security portion of FICA (payroll) tax from September 1, 2020, until December 31, 2020. The order is limited to only the employee’s share of the Social Security portion of the payroll tax, which is currently set at 6.2%. The order does not affect the Medicare portion of the payroll tax (1.45%), nor does the order affect the employer portion of the payroll tax, so these will still have to be withheld (where applicable) and deposited on a timely basis. The order also limits deferrals to employees with biweekly, pretax income of less than $4,000, or a similar amount where a different pay period applies. This roughly equates to an annual salary of $104,000. Importantly, the order is not a suspension of the payroll tax (a “payroll tax holiday”), but merely a deferral. The president directed the Treasury to seek ways to implement a full suspension at a later date, including by legislative action.
The order does not dictate how employers are supposed to comply with its terms, although it is anticipated that the Treasury will provide additional guidance relating to compliance. Until additional guidance is issued, an employer is left with three options:
Full article at this web site
https://www.natlawreview.com/article/trump-signs-payroll-tax-deferral-executive-order
Of more concern should be the deficit that will impact the time frame for reduction.
An opinion article that IMO is closer to becomming a reality. Note the word could as in a possibility.
Social Security benefit cuts could be coming — here's who it will affect first
https://www.yahoo.com/news/social-security-benefit-cuts-could-161749521.html