Tax Policy Center

Wlibert van der Laaauw

Campaigns, Proposals, and Reforms: TaxVox
Just as Congress allowed the 2011-12 payroll tax cut to expire, new research by the Federal Reserve Bank of New York suggests that such tax breaks may significantly boost consumer spending. As a result, raising workers’ take-home pay this way might play a bigger role than many thought in reversing
January 29, 2013Howard Gleckman