Here are all the “enemies” of Social Security who are pushing this “regressive” idea. Maybe, just this once, we could give Obama the benefit of the doubt:
- Robert Reich, former Secretary of Labor, (Aug. 25, 2010): “But here’s an idea that might command everyone’s support: Eliminate payroll taxes on the first $20,000 of income.”
- Noam Scheiber, The New Republic, (Oct. 29, 2010): “One obvious basis for discussion here would be a proposal by Larry Lindsey, George W. Bush’s first White House economic adviser.Lindsey has spent the last 20 months urging a two-year halving of the payroll tax for both workers and businesses.”
- Ezra Klein, Washington Post, (Sept. 3, 2010): “The White House is considering a push for hundreds of billions of dollars in new stimulative spending, focusing on business tax cuts including a temporary cut in payroll taxes. In part, this is good policy. In part, it’s necessary policy.” Klein has also supported a payroll tax cut more recently (Sept. 10 and Nov. 3, 2010).
- John Podesta, President and CEO, Center for American Progress (Nov. 7): The question is whether [the President] can offer the Republicans something in exchange. I think one of the ideas that — that he could substitute for tax cuts for the very wealthiest Americans is perhaps a payroll holiday, which the Republicans have endorsed, which would actually create more jobs.
- Laura Tyson, Former CEA Chair to President Clinton on Face the Nation (Sept. 5, 2010): “I think that’s correct. I think that we already have in place the credit. The credit can be extended or could be extended into a partial payroll tax holiday.”
- Matt Miller, Senior Fellow at the Center for American Progress, in his Washington Post Column (Sept. 8, 2010): “Ask any economist or businessperson what kind of tax cut would be the biggest boost to job creation and the answer is clear: a cut in payroll taxes, because it would directly reduce the cost of employment. Ask any social justice champion which tax is the unfairest tax of all and the answer is clear: the payroll tax”
- Arianna Huffington Interview (Oct. 11, 2010): “I mean no dramatic bold proposals are going to come out of Washington of the kind I am suggesting in the book like the payroll tax holiday,huge infrastructure projects…”