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Payroll Tax Holiday

Uphill From Here: Why US Jobs Policy Will Improve

Stephen Kent | Posted 11.08.2011 | Politics
Stephen Kent

Let's hope today goes down in history as the low point of our national debate on jobs, and that it's all uphill from here.

Congressional Democrats' Advice for Obama's Jobs Speech

Chris Weigant | Posted 11.07.2011 | Politics
Chris Weigant

The nation is waiting to hear what President Obama is going to say tomorrow night, when he gives an address to a joint session of Congress on the subj...

The Speech That President Obama Should Make

Warren Mosler | Posted 11.06.2011 | Politics
Warren Mosler

This is the speech I would make if I were President Obama.

Laura Bassett

Obama Jobs Plan Meets Early Resistance From Republicans | Laura Bassett | Posted 10.21.2011 | Politics

Following a few dismal weeks on Wall Street and talk of a double-dip recession, President Obama will soon announce a new jobs plan that is expected to...

Unemployment Likely To Remain High... But How High?

Jared Bernstein | Posted 10.19.2011 | Business
Jared Bernstein

Moody's is out with their latest forecast, and it looks like they've got unemployment going up a bit before it comes down; and even then, it's still elevated by year's end well into the 8 percent range. Like most forecasts right now, Moody's assumes that the payroll tax holiday will be continued next year. That's built into their forecast. But there's no guarantee that Congress won't let it expire, sending unemployment up even more. It's way past time to stop inflicting wounds on ourselves. Keeping safety net measures in the economy next year, as the president has called for, is the least we can do.

Mercy! Can't They Get Anything Right?

Warren Mosler | Posted 09.18.2011 | Business
Warren Mosler

Even with sky-high unemployment, we can easily afford to both suspend FICA and truly strengthen Social Security and Medicare by increasing the minimum benefits and closing the donut holes.

Employer-Side Payroll Tax Cut Won't Increase Hiring

Daniel Marans | Posted 08.24.2011 | Politics
Daniel Marans

There's just no guarantee that these companies would take advantage of the tax cut to invest in expansion and hiring. Shouldn't the same logic hold true for the employer-side payroll tax cut?

Sounding the Alarms on Another Social Security Tax Cut

Daniel Marans | Posted 08.09.2011 | Politics
Daniel Marans

The Republicans clearly want to have their cake and eat it too -- that is, destroy entitlements and reap the political gains to be had from a failing economy.

Reality Check: Why Truth Will Protect Social Security

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

If we succumb to the maniacal protests of the deficit reduction fetishists and cut back net public spending now and drive millions more workers out of jobs, then we will be guilty of crimes against our children and grandchildren.

Cut the Payroll Tax to Save Social Security

Marshall Auerback | Posted 05.25.2011 | Politics
Marshall Auerback

We need a permanent payroll tax holiday. But meanwhile we need to strengthen our social compact, not by legislating future benefit cuts, but rather by legislating more generous retirements.

How the White House is Putting Social Security at Risk

Heidi Hartmann | Posted 05.25.2011 | Politics
Heidi Hartmann

For sake of Social Security and the millions of women and men who depend upon it, I hope Congress will be able to negotiate a change in the current tax agreement.

Ryan Grim

Hoyer: Tax Cut Debate Unchanged After Dems Reject Deal | Ryan Grim | Posted 05.25.2011 | Politics

Majority Leader Steny Hoyer, who controls the floor schedule for the House of Representatives, said that Thursday morning's Democratic vote to urge le...

Obama's "Tax Holiday": A Poison Pill for Social Security

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

You know what they always say: Pay now or pay later. Middle-class Americans may pay very dearly for the president's tax deal, and at the stage of life when they can least afford it.

The End of Social Security

Nancy Altman | Posted 05.25.2011 | Politics
Nancy Altman

The fact that the Republican idea of scrapping the payroll tax is being touted as a concession made to the Democrats by the Republicans, shows just how hapless and clueless President Obama and his advisers are.

The Only Way to Fix the Deficit: Multiply Jobs

William Drayton | Posted 05.25.2011 | Politics
William Drayton

Under Clinton, we went from a $290 billion deficit in 1992 to a $239 billion surplus in 2000 while creating over 20 million private sector jobs. That's no coincidence; job creation and deficit reduction are inextricably linked.

What Kind of Compromise?

Samuel H. Williamson | Posted 05.25.2011 | Business
Samuel H. Williamson

We need a credit that rewards employers who increase their employment regardless where the new workers come from, and that is easy to administer. And what is most needed is a credit that helps reduce the cost of low wageworkers.

Reconnecting Job Growth to Deficit Reduction - Part 2

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

In Part 1 of this blog, I overviewed an important new Bipartisan Policy Center (BPC) report on deficit reduction, and pointed out the significance of ...

Reconnecting Job Growth to Deficit Reduction - Part 1

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

Add Pete Domenici, Alice Rivlin and their colleages at the Bipartisan Policy Center (BPC) Deficit Reduction Task Force to the growing list of eminenc...

The Latest Mortgage Foreclosure Mess is just another Financial Crisis.

Warren Mosler | Posted 05.25.2011 | Business
Warren Mosler

The current mortgage crisis is not a real economic crisis.There have been no houses that have been actually destroyed - there has been no fire, no hur...

Why Linda McMahon and Richard Blumenthal Are Not Qualified to Create Jobs

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

We are in an economic emergency, and both Linda McMahon and Richard Blumenthal have put forth proposals that would unknowingly destroy millions of jobs in a terrible depression.

Undead on Arrival: Why Payroll Tax Cuts Keep Coming Back -- Part 2

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

In Part 1 of this blog I argued that despite the defeat of the latest jobs bill in the Senate, seen in historical context, support for the once-taboo ...

Undead on Arrival: Why Payroll Tax Cuts Keep Coming Back -- Part 1

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

The latest jobs bill -- probably the last attempt of the 111th Congress to stimulate job growth before it adjourns -- died in the Senate yesterday. ...

Sam Stein

Senate Democrats Make One Last Push At Jobs Bill | Sam Stein | Posted 05.25.2011 | Politics

Hoping to turn the spotlight one more time on their efforts to solve the jobs crisis, Senate Democrats are planning to vote on a payroll tax incentive...

Dan Froomkin

'America Needs Jobs' Idea No. 1: A Payroll Tax Holiday | Dan Froomkin | Posted 05.25.2011 | Business

(Part of the America Needs Jobs series.) The only reason we still have a payroll tax is because it's been specifically used to fund the two most succ...

Nouriel Roubini Calls For Payroll Tax Cuts -- And He's Not Alone

Huffington Post | William Alden | Posted 05.25.2011 | Business

As President Obama's recent proposal for new stimulus programs has elicited mixed reviews from financial pundits, there's been growing support for ano...