Posts Tagged ‘payroll tax’

Keynes Supported Counter-Cyclical Payroll Tax Reductions

February 6, 2009

by Mario Rizzo


It seems that a number of conservative or libertarian economists are now supporting a temporary reduction in payroll taxes as a preferred stimulus idea. See, for example, here  


John Maynard Keynes beat them to it! In correspondence with the economist James Meade in 1942 Keynes says he is “converted” to Meade’s idea of altering the social security payroll tax over the business cycle. Read the rest of this entry »