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Saturday, February 21, 2009
Michelle Muccio interviewed about about her proposed payroll tax holiday stimulus
I must apologize to everyone who isn't blessed with a high-speed internet connection for the amount of video content on the blog today, but when Michelle Muccio, the world's hottest economist, is interviewed on some of the specifics of her "peoples' stimulus" plan, a one-year payroll tax holiday, there's no way I could refrain from sharing:
On the day Obama signed his stimulus package, Tim Kane had some good advice: if some time from now the economy is still in the swamp and Obama is looking at a "stimulus 2.0", we would do well to remember "what else 800 billion dollars could pay for... The total revenues from all payroll taxes in a single year." A cut in the payroll tax, Kane argues, would provide immediate stimulus, put more money into the hands of working people, and reduce business costs.
Posted by Kalim Kassam on February 21, 2009 | Permalink
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