Dr. Robert Shapiro: Payroll Tax Cuts and How to Fund Them
Do you support payroll tax cuts?
Cutting payroll taxes is a very difficult proposition, because the numbers are so large. Since OASDI taxes raise over $900 billion per-year – that’s old age, survivor and disability coverage, excluding Medicare – no single alternative source of revenues could finance a large payroll tax cut. But a combination of new taxes could do so.
Read the full policy memo by Dr. Robert Shapiro, Future Majority's senior policy advisor:
About Dr. Robert Shapiro:
Robert J. Shapiro, the chairman of Sonecon and Under Secretary of Commerce for Economic Affairs under Bill Clinton, brings deep knowledge and broad experience in economics and politics, based on decades of analytic work and advice to U.S. presidents, senators, representatives and governors, as well as foreign leaders and senior executives at Fortune 50 and Fortune 100 companies. Dr. Shapiro’s research and views and respected around the world, and his policy analyses and proposals have affected investment, taxation, regulation, trade and government spending in the United States, Europe and Japan.
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