As part of the extension of the Bush tax cuts, Social Security payroll tax will drop from 6.2 percent to 4.2 percent. That means you’ll be taking home more money each paycheck, even if your stingy employer has frozen your wages. [More]
tax cuts
More Than 40 Experts Issue Call For More Government Stimulus And Tax Credits
By 7.20.10
Online news site The Daily Beast is apparently tired of this whole “floundering economy” thing, so it got more than a dozen economists and historians to come together and issue a manifesto yesterday calling on the U.S. government to “reboot America.” By the end of the day, the number of experts supporting the manifesto increased to more than 40. They argue that the government has to help return lost purchasing power to the unemployed and must use tax cuts and stimulus to boost overall demand, or we’ll never make it out of this slump. [More]
