Robert Reich proposes a payroll tax holiday on the first $20k of income LINK [View All]

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http://www.huffingtonpost.com/robert-reich/tax-jujitsu-why-democrats_b_693046.html

Tax Jujitsu: Why Democrats Should Propose a "People's Tax Cut"

"So instead of playing defense, Democrats should go on the attack. Accuse Republicans of being shills for the rich.

And don't stop there. Do tax jujitsu. In addition to ending the Bush tax cut for the rich, put forward another proposal for growing the economy that cuts taxes on lower-income Americans.

Democrats should propose eliminating payroll taxes on the first $20,000 of income, and making up the revenue loss by applying payroll taxes to incomes above $250,000.

This would give the economy an immediate boost by adding to the paychecks of just about every working American. 80 percent of Americans pay more in payroll taxes than they do in income taxes. And because lower-income people would get most of the benefit, it's likely to be spent."

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