payroll tax holiday

While tax hikes on the affluent have gotten most of the attention in the fiscal cliff deal, an equally important story is how proposals for further stimulus spending died a quiet death in Washington over recent weeks. Obama's original fiscal cliff offer included $425 billion in stimulus ...
12/24/2012
Blog
Extending the partial payroll tax holiday was not part of President Obama's most recent fiscal cliff offer, delivered this week, and that needs to change. Sure it was supposed to be temporary, but given the cut's sucess and the economy's still fragile state, an extension would be beneficial to...
12/19/2012
Blog
Last I checked, the whole point of a reduced payroll tax was to stimulate growth by keeping more money in the economy as opposed to channeling it into the coffers of the U.S. Treasury. Given that, it makes no sense that Republicans in Congress are obsessed with "paying" for  the payroll tax...
02/08/2012
Blog
Hypocrisy is nothing new in politics, but it still can be jolting in its most brazen forms. Exhibit A this week is opposition to an expanded and extended payroll tax cut. There has rarely been a tax cut proposal that conservatives in Congress didn't love -- except, suddenly, this one. Critics of...
12/06/2011
Blog
The $787 billion economic stimulus program, which has now largely expired, helped avert an economic meltdown that was poised to rival the Great Depression. Despite public skepticism about the program, that was the conclusion of a detailed analysis by the nonpartisan Congressional Budget Office. At...
09/09/2011
Blog
The nation’s employers added no new jobs in August, according to the Labor Department, adding pressure on President Obama to deliver a far-reaching speech next Thursday on a strategy to deal with persistent joblessness. However, all of the preliminary indicators, including White House...
09/02/2011
Blog
Debt ceiling negotiators fiddle while Rome burns. The federal deficit must be brought under control, to be sure. But that’s a long-run problem. Our immediate and far more important concern is the massive unemployment that persists in the wake of the 2008 financial crisis. Deficits cost us...
06/24/2011
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