Curious on this I just checked the DLC website. Did a search "payroll tax"
50 hits.
http://www.ndol.org/index.cfm
Michael Pugliese
-----Original Message-----
From: Jim Devine <jdevine@xxxxxxxxxxxxxxx>
To: pen-l@xxxxxxxxxxxxxxxxxxx <pen-l@xxxxxxxxxxxxxxxxxxx>
Date: Thursday, February 22, 2001 8:15 AM
Subject: [PEN-L:8354] Re: tax cuts
>At 10:26 PM 2/21/01 -0600, you wrote:
>>To give some idea of what a difference it would make to cut the payroll
>>tax than
>>income taxes, or in addition to income taxes, consider the
>>following. While the
>>bottom half of tax paying income earners pay around 4% of the total income
>>tax,
>>the same group pays just under 20% of the total payroll tax. The bottom
75%
>>pay 17% of the total income tax, while the same group pays half of the
payroll
>>tax. Cutting payroll taxes puts moolah in the hands of lower income folks
who
>>need the bread, and who are more likely to spend larger portions, on
normal
>>goods (not luxuries). Doesn't this mean that a payroll tax cut is the
>>progressive tax cut? Max?
>
>strangely enough, Senator Joseph Lieberman (the recently-elected Vice
>President of the U.S.) agrees. (Cf. BUSINESS WEEK, February 12, 2001, p.
28.)
>
>Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~jdevine
>