The Dems are already working on a “fix” for this.
- Exempt the first $25-30K of income from payroll taxes altogether
- Apply FICA to very high levels of income beyond the current $113K cap (perhaps to every last dime)
This would leave low income people paying NO payroll tax, middle-income people a reduced rate, and those Eeeeeeevil Rich get soaked. Politically they think it works for them.
But, you can bet your bottom dollar that the employer will still have to pay. Somebody has to be responsible for filling those SS and Medicare coffers.