Abolish the payroll tax altogether

posted by
June 30, 2011
Independent Institute
by Anthony Gregory  
Posted in Commentary

"Some will argue that cutting the tax while keeping spending up will lead to even greater deficits, which is a valid enough point, but it never before stopped Republicans from advocating tax cuts while failing to have the guts to cut spending enough to make up for them. Another supposed problem, articulated by liberals, is that it will weaken the solvency of Social Security and thus undermine their beloved program’s credibility. Hear, hear! Indeed, there is a strong argument for eliminating the payroll tax altogether, regardless of what else transpires: It is more fiscally honest." (06/29/11)



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