A payroll tax cut would benefit the richest Americans, while sending checks to each U.S. household to prop up the economy would favor the poor, according to a new analysis.
The Trump administration is weighing measures to boost the U.S. economy, which is being strained by the coronavirus.
Sending checks to each U.S. household would be more progressive, with half the benefit going to the bottom 60%. A payroll tax cut would overwhelmingly benefit the richest Americans, and would do little to prop up the economy, according to the Institute on Taxation and Economic Policy. "A payroll tax cut is going to provide more benefits to high-income people who don't really need help right now," said Steve Wamhoff, director for federal tax policy at the institute.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Star Wars Instant Pots Are on Sale Right Now—Grab One for Just $60From Friends-themed coffee mugs to Harry Potter dining sets, pop culture kitchenware collaborations let us show how much we love our favorite movies and TV…
Leer más »
Caroline Flack remembered by friends and boyfriend one month after her deathCaroline Flack's friends and boyfriend have marked one month since the TV presenter took her own life, sharing photos from happy times
Leer más »
Diplo on Why M.I.A.'s "Paper Planes" Is One of His Favorites
Leer más »