White House Assures Public It Isn’t Planning Payroll Tax Cut to Stave Off Recession
“The Washington Post reported this week that the White House was considering pushing for a temporary payroll tax cut in order to mitigate the risk of an election-year recession. Since payroll taxes only apply to the first $132,900 of a worker’s income, such a policy would exclusively benefit non-plutocratic Americans, making it a sharp departure from the administration’s previous revisions to the tax code”