Tumblr Icon RSS Icon

Payroll Tax Cuts as Stimulus

By Matthew Yglesias

"Payroll Tax Cuts as Stimulus"

Share:

google plus icon

It seems that J.M. Keynes himself thought this was a good idea. And, indeed, it strikes me as indefensible that a stimulus package featuring hundreds of billions of dollars of tax cuts doesn’t include any FICA provisions. Payroll tax cuts wouldn’t be my first choice of stimulus measures, but there’s a strong case for including some tax-side measures in the package and they’d probably be my first choice of tax cuts to include. But the key conceit shared by right and center in the congress seems to be that it’s crucial to avoid spending any stimulus money on helping people in financial need, so this is what you get.

‹ Israeli Officials Think Road to Peace Runs Through Teheran

WaPost: Bipartisanship is Good, Nevermind the Consequences ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.