Tag: payroll tax cut
It doesn’t solve today’s problems and sets bad precedents in terms of messing with the program. I know that the President’s proposal for a Social Security payroll tax cut has met with little enthusiasm in Congress. But let’s put it to rest for good. It’s not the appropriate response to the COVID-19 crisis, and it’s…
Where is gridlock when we need it? Republicans and Democrats both support extending the payroll tax cut that is due to expire at the end of the year, though they have yet to agree on the details. Fortunately, the likely compromise only extends the cut in the employee tax rate from 6.2 percent to 4.2…