March 17, 2020

Foreign Policy: Trump’s Big Turnaround: Cash Payments Instead of a Payroll Tax Cut

media mention

First, a payroll tax cut only offers benefits to those with a job, and, as the Institute on Taxation and Economic Policy has extensively documented, it heavily favors higher-income workers—not the unemployed or the retired. So a payroll tax cut would do little or nothing for people who would be among the most vulnerable during a prolonged virus-related downturn. Read more