Payroll Tax Delenda Est
I’ve been keeping an eye on an idea that seemed to be gaining traction a week ago: suspending the payroll tax to stimulate the economy. The latest entries, from
Jul 31, 20205.3K Shares2.6M Views
I’ve been keeping an eye on an idea that seemed to be gaining traction a week ago: suspending the payroll tax to stimulate the economy. The latest entries, from Dean Zerbein Forbes:
“„Another idea that has been talked about in Washington and would help every small business’ cash flow is a payroll tax holiday for employers. Unfortunately, it hasn’t shown up in the Democrats’ stimulus proposals.
Giving people a temporary and full breather from the payroll tax is interesting because it comports with a long-held supply-sider theory: if people had the money being taken by the government wagged in their faces, they’d be shocked, and support lower taxes.
Camilo Wood
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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
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