Some Counterproductive Candor About a Payroll Tax Cut
By Bryan Caplan
“Cutting the payroll tax is a great idea. It not only puts money back
in people’s pockets — particularly for working- and middle-class
Americans — but it reduces labor costs for employers because they pay
half of the tax,” said economic strategist Cesar Conda, who was Vice
President Dick Cheney’s chief domestic policy adviser.
I fear that this candor could actually hurt the idea – who wants to cut a tax on employers? But it’s still nice to hear a little economic sense in the news.
P.S. While I’m on the subject of counterproductive candor, I’m not so worried about hurting Social Security’s solvency because I think it should be abolished anyway…