Three Reasons To Be In Favor Of A Payroll Tax Cut — John T. Harvey

Summary:
For at least a few moments this week, President Trump suggested a payroll tax cut to stimulate the stalling macroeconomy. Although it appears that he has already changed his mind, it’s worth taking a look at the strategy...just in case. Let’s say for sake of argument that the negative signals we have received of late are accurate. What should we do if we slip into full-fledged recession? Cut interest rates? Lower the budget deficit? Decrease payroll taxes? It turns out that the last one is the clear and easy winner. Why? Forbes — Pragmatic EconomicsThree Reasons To Be In Favor Of A Payroll Tax CutJohn T. Harvey | Professor of Economics, Texas Christian University

Topics:
Mike Norman considers the following as important: Effective Demand, FICA, fiscal policy, fiscal stimulation, payroll tax, payroll tax cut

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