Monday, February 13, 2012

Reforming the Payroll Tax: We Need more than another Temporary Cut. We Need a Permanent Fix

President Obama’s 2013 budget includes a proposal to extend the current 2 percent payroll tax cut, first put in place last year, for the balance of 2012. Congress will probably go along after another round of grandstanding. Yes, the payroll tax is too high. In itself, even a small, temporary cut might be welcome, but it is not what we really need. We need a permanent fix of the payroll tax, yet another broken part of our broken tax system. Here is why. Read more>>>