Thursday, December 08, 2011

No, the Payroll Tax Cut Doesn't Hurt the Trust Fund

Kevin Drum explains No, the Payroll Tax Cut Doesn't Hurt the Trust Fund "Normally, a reduction in the payroll tax would indeed reduce contributions to the Social Security trust fund, but last year's bill specifically made up for this loss from the general fund. The trust fund got every penny it normally would have, and all the proposals on the table this year do the same."

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