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1 min read

It's Time To Cut The Payroll Tax

The upshot of today's bad jobs report, assuming the numbers aren't revised massively, is that the r…

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3 mins read

Trump pledged to permanently scrap the payroll taxes used to fund Social Security and Medicare if he wins re-election

Experts say the move to cut payroll taxes would further erode the shaky finances of both programs, …

Joseph Zeballos-Roig   


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2 mins read

Trump tried blaming Democrats for spiking the payroll-tax cut — but it was actually Republicans that squashed it

Republican senators like Susan Collins and Chuck Grassley expressed skepticism that the payroll tax…

Joseph Zeballos-Roig   


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3 mins read

Trump is doubling down on a payroll tax cut that has slim GOP support and would do virtually nothing to help jobless Americans

The president said he may not sign an economic relief bill that doesn't contain a payroll tax holid…

Joseph Zeballos-Roig   


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3 mins read

Social Security could be depleted by 2023 if Trump eliminates the payroll tax, chief actuary says

Trump has said he would move to eliminate the payroll taxes that help fund Social Security if he we…

Joseph Zeballos-Roig   


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2 mins read

Republicans are tossing out the payroll-tax cut in favor of a 2nd round of stimulus checks

Trump had insisted on including the payroll tax cut in the GOP coronavirus relief bill. The develop…

Joseph Zeballos-Roig   


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3 mins read

The White House is doubling down on Trump's proposed payroll-tax cut, even amid weak support from Senate Republicans

Republican Sen. Susan Collins said a payroll-tax cut was "extremely expensive" and "would only bene…

Joseph Zeballos-Roig   


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1 min read

Here's How The Fiscal Cliff Deal Screwed Over The Poor

This is largely the result of the expiration of the payroll tax holiday which was not extended last…

Danny Vinik   


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2 mins read

'A guinea pig for a bad policy': 1.3 million federal workers will have payroll taxes deferred under a controversial new directive from Trump

The move will cause them to bring home smaller paychecks as the government doubles its payroll-tax …

Joseph Zeballos-Roig   


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1 min read

The Best Sign Consumers Aren't Feeling The Pinch From The Payroll Tax Hike

...the January personal income and spending report, which is released March 1, will provide signifi…

Sam Ro   


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1 min read

Don't Get Excited Yet - That Payroll Tax Hike Will Slam Us In The Next Few Months

So why the apparent rise in spending in January? In part, the pattern reflects lags, with consumers…

Sam Ro   


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3 mins read

Trump's payroll tax holiday could shrink workers' take-home pay early next year since employers have to collect twice as much from paychecks

Experts say employers that opt into the initiative would have to withhold taxes twice early next ye…

Joseph Zeballos-Roig   


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3 mins read

Trump is enacting a payroll-tax holiday through executive action. But that doesn't mean workers will see extra money in their paychecks.

Experts say employers are likely to hold on to the cash since the president only has authority to d…

Joseph Zeballos-Roig   


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4 mins read

Congress is sitting on an easy solution to speed job growth without causing inflation

To reduce long-term unemployment, Congress should suspend payroll taxes for employers that expand t…

Joseph S. Fichera   


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2 mins read

Why The Newly Reinstated Payroll Taxes Won't Drag Down The Economy

"Higher Federal income taxes on relatively wealthy taxpayers should be accompanied by a drop in sav…

Lisa Mahapatra   


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3 mins read

Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus

The move would not provide the economy with the adrenaline shot it needs to tide over people alread…

Joseph Zeballos-Roig   


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3 mins read

The House of Representatives is joining some red states and large companies in rejecting Trump's payroll-tax deferral for its employees

The sparse involvement from big employers threatens to inflict a blow on a measure the Trump admini…

Joseph Zeballos-Roig   


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2 mins read

Jobless people would be better off with a second stimulus check than with the payroll tax cut that Trump is championing: McConnell

Sen. Mitch McConnell said the payroll tax cut was left out of the GOP coronavirus relief proposal b…

Joseph Zeballos-Roig   


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2 mins read

The Payroll Tax Hike Isn't Slowing Retail Sales

A gain in non-auto, non-gasoline retail sales in this week’s report for January is being signaled b…

Lisa Mahapatra   


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2 mins read

Joseph Zeballos-Roig