Payroll Tax Cut
The Payroll Tax Cut Idea, Again
President Donald Trump has again come out in favor of a payroll tax cut to ” … help the American economy to continue to recover from the shutdown caused by the COVID-19 virus.” And once again, the debate on the wisdom…
Payroll Tax Cut Imperils Social Security Long-term
It’s all the talk in DC these days– cutting the payroll tax. But is it a good idea? Arguments against cutting the 12.4% payroll tax (6.2% each for employers and employees) go beyond just the potential damage to the Social Security program, one…
President Trump: Payroll Tax Cut Off the Table
In a reversal of thought highlighted in our Headline article from yesterday, the Washington Post carried a clip of President Trump explaining that there is no need for a payroll tax cut to stimulate the economy. Citing a strong economy…