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Trend Results : Payroll Tax Cut


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New Poll Shows Voters Prefer Payroll Tax Cut to Minimum Wage Hike

As Guy Benson reported earlier today, a new poll of likely voters conducted for Townhall by Gravis Marketing found that Rep. Bill Cassidy (R-LA)...

Don't Expand Government, Cut the Payroll Tax Instead

The Earned Income Tax Credit is one of the federal government's most successful anti-poverty programs. As House Budget Committee Chairman...

Most contractors employed via a recruitment agency to face around 7% pay cut from 1 July

5 months agoAustralia / Canberra : RiotACT

The ACT government proposes to implement a retrospective change to the payroll tax system which will apply from July 1 (although it is not expected to be passed until later in the year). This is the details of the change, as best I understand it. The change will affect most contractors who are employed via a recruitment [...]

Frontrunning: May 5

Fed’s Fisher Says Economy Strengthening as Payrolls Rise (BBG) Russia Knows Europe Sanctions Ineffective With Tax Havens (BBG) EU Cuts Euro-Area Growth Outlook as Inflation Seen Slower (BBG) U.S. Firms With Irish Addresses Get Tax Breaks...Show More Summary

A Carbon Tax to Rule Them All

Put simply, a tax shift means to cut one tax and replace it with another—such as to cut income and/or payroll taxes, and put a carbon price in their place. This is called a “tax swap” or “revenue neutrality,” and a diverse group of stakeholders--ranging from Citizens Climate Lobby to ExxonMobil--are coming out in support of it. Show More Summary

Oh, so it’s stimulus you need

I am viewed as being an opponent of fiscal stimulus, but I’ve always argued that an employer-side payroll tax cut would “work.”  It just seems kind of pointless.  If it’s a lower W/NGDP ratio that you need, just boost NGDP!  Christina Romer has also advocated this sort of payroll tax cut.  It lowers a country’s […]

Free Markets, Infidelity and the President of France

10 months agoNews : The Lede

Among President François Hollande’s proposed changes – while dealing with revelations of his supposed infidelity with an actress – was a pledge to cut public spending and slash the payroll taxes for business.

Higher Oil Prices Are Taxing Americans, But Solution Is Possible

At the beginning of this year, many Americans opened their paychecks to find that their take-home pay was suddenly less than it had been the previous month. The payroll tax cut had expired, resulting in the average American worker owing an additional $700 in payroll taxes this year compared to last.

Top Social Security Tax To Rise 2.9% In 2014; Benefits Going Up 1.5%

High earners will see $7254 in Social Security tax withheld in 2014, a stiff increase from $4624 in 2012 when a temporary payroll tax cut was in effect.

Walmart hit by reduced US spending

Wal-Mart Stores cut its annual profit forecast yesterday after higher US payroll taxes reduced customer traffic at the world’s largest retailer in the second quarter. ||| Renee Dudley New York Wal-Mart Stores cut its annual profit forecast...Show More Summary

Robert Kuttner: Obama, the Economy and the Movement

The Congressional Budget Office last year warned that the increase in payroll taxes coupled with the $85 billion Sequester would cut the growth rate for 2013 in half. That's happening. Instead of furloughing public employees, the government should be adding new public jobs. Show More Summary

Phantom limb Keynesianism

The US economy continues to slide into double dip recession under the savage austerity of income tax increases, payroll tax increases, and deep spending cuts. Not. But like the pain in a phantom limb that his been removed by surgery, the press has a hard time refraining from blaming the austerity for a slowdown that [...]

Dispatches XXV: A Conjecture Regarding Lagging Employment in Wisconsin

Transvaginal probes and giving regressive tax cuts after slashing K-12 education expenditures probably isn’t going to draw high-technology/knowledge based workers to the state Figure 1: Wisconsin private nonfarm payroll employment, seasonally adjusted (blue), Walker’s implied path for private employment (red). Show More Summary

Job Growth Stayed Slow In May, Report Signals

last yearNews : The Two-Way

Government spending cuts and higher taxes are weighing on the economy, experts say. According to the latest ADP National Employment Report, just 135,000 jobs were added to private payrolls.

Elimination of the Payroll Tax Cut Reduced Consumer Spending

In 2010, Congress passed the Tax Hike Prevention Act, which among other things reduced the payroll tax from 6.2% to 4.2% starting in 2011. For two years, workers saw higher take-home income than they would have had the law never existed, and consumers responded favorably by using the extra money throughout the two years to [...]Show More Summary

'How Are American Workers Dealing with the Payroll Tax Hike?'

Basit Zafar, Max Livingston, and Wilbert van der Klaauw examine the impact of the payroll tax cut in 2011 and 2012, and its subsequent reversal: My Two (Per)cents: How Are American Workers Dealing with the Payroll Tax Hike?, by Basi...

Payroll tax hike prompts spending cuts

(CNNMoney) - Most Americans plan to cut spending to make up for income lost from the payroll tax hike, according to a New York Federal Reserve study released Wednesday. The payroll tax cut, which was in effect in 2011 and 2012, reduced the amount withheld from workers' paychecks to 4.2%, down from 6.2%. That put […]

Survey: Private Employers Add Just 119,000 Jobs in April

(WASHINGTON) — A survey shows U.S. companies added the fewest jobs in seven months, indicating that government spending cuts and higher taxes may be weighing on the economy. Payroll processor ADP says private employers added just 119,000 jobs last month. Show More Summary

US consumer spending ticks up

US consumer spending grew slightly in March. ||| Washington - US consumer spending grew slightly in March, the Commerce Department reported Monday, in a fresh sign that higher payroll taxes and government spending cuts could be slowing economic growth. Show More Summary

Retail Sales Unexpectedly Tumble

The Commerce Department reported that U.S. retail sales contracted in March, their sharpest decline in nine months, as payroll tax hikes and government spending cuts may finally be taking a toll on consumer spending.

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