Back to top

Blog

FORMER TREASURY SECRETARY CALLS FOR EXTENDING PAYROLL TAX CUSTS

Posted by Admin Posted on June 15 2011

Former Treasury Secretary Lawrence Summers proposes extending the current 2% cut in FICA withholding beyond 2011, and reducing the rate another 1%.  Summers thinks its the only way to avoid a "lost decade" similar to the one Japan suffered.

Add New Comment