GAO: We'll Never Know if TARP Is Working, Or Has Worked | Main | Polling Data and Other Lies
January 30, 2009

A Payroll Tax Holiday

I pitched this idea earlier, and then asked Flip to run the actual numbers.

For the cost of Obama's $1.2 trillion "stimulus," we could give employers a 2 1/2 year payroll tax holiday. Encouraging them to hire new workers by reducing their actual costs.

Over 2 1/2 years, that's 2.8 million new jobs, based on standard economic assumptions. Nevermind the additional jobs "preserved" (in Obama's weak promise) due to the fact it would now be cheaper to keep staff in place.

If this is all about jobs, jobs, jobs, and we want a sharp sudden impact for our dollars, why not consider this route?

Alternately... To mollify the public (Hey, why are my employers getting a tax cut and I'm not?!!), one could give employers and employees both a half reduction for 2 1/2 years. Or both a full, complete holiday for 1.25 years.

digg this
posted by Ace at 05:45 PM

| Access Comments

Recent Comments
mallfly the peach of hoboken: "re 340: how much did housing price fall after 2007 ..."

Deep State is in Deep Shit: "Posted by: JackStraw at August 22, 2019 06:39 PM ( ..."

Cheriebebe: "So if the Amazon Rainforest is on Fire is that Tru ..."

Bruce Dickinson: "Fun Fact: The release of Honky Tonk Woman ate up s ..."

Newsweak: "Philosophers have argued that burying the dead cou ..."

kraken: "340 All I know is housing prices in my state (AZ) ..."

Commissar Hrothgar [/i][/u][/b][/s]: "[i]You really thought that the pallets of cash giv ..."

John Maynard Keynes: "In the long run, we're all dead. I certainly am ..."

Deep State is in Deep Shit: "DawsonSField @DawsonSField 252 count indictment ..."

BackwardsBoy - #PurgeProgressivism[/i][/s][/b][/u]: "Had a cute little girl in my Theater Arts class in ..."

JackStraw: ">>JackStraw, Do you think Pientka has been whacked ..."

Blago: "All I know is housing prices in my state (AZ) have ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64