Oregonian eternal.
Looks to me they @BudgetModel modeled the distributional affects of the employer-side the same as the employee-side (happy to be told I'm wrong there).
If so, that's just wrong. No way a temporary, one-time cut in the employer-side payroll tax makes it way to workers.
Penn Wharton @BudgetModel analysis of the Trump payroll tax proposal: $800b cost, "very little net impact on short-run GDP." Here's the distributional breakdown: https://budgetmodel.wharton.upenn.edu/issues/2020/3/12/president-trump-payroll-tax-holiday …pic.twitter.com/DKZAV58r6p
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They definitely did: "budget scoring convention dictates that wages would rise to offset a reduction in employer-side payroll taxes"
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FYI that's just to kill Social Security and Medicare. Please don't let the "math" get in the way of the real aim.
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More importantly, how will this help people who are losing wages because they are sick or are in isolation and can't go to work??
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