According to the Washington Post, there is discussion among senior White House officials to advance a temporary payroll tax cut as a way to limit the economic slowdown forecast by economists.
- When and how much was the last payroll tax cut and why was it made?
- Payroll tax cuts add dramatically to the deficit and what else is affected?
- Some administration officials have felt that planning for an economic downturn might fuel what other types of problems?
Paletta, D. (2019). White House officials eyeing payroll tax cut in effort to reverse weakening economy. The Washington Post, Aug. 19 (Retrievable online at https://beta.washingtonpost.com/business/economy/white-house-officials-eyeing-payroll-tax-cut-in-effort-to-reverse-weakening-economy/2019/08/19/4cab28ec-c2bd-11e9-b72f-b31dfaa77212_story.html)