July 24, 2020

Forbes: Why You Won’t See A Payroll Tax Cut In Second Stimulus Round

media mention

But the financial benefit to taxpayers is so disproportionate toward the wealthy that most economists agree a payroll tax cut is not a logical choice during the pandemic.

The Institute on Taxation and Economic Policy estimated in March that 65% of the benefits of a payroll tax cut would go to the richest 20% of taxpayers.  Read more