What’s in Kamala Harris’s pandemic UBI plan?

While negotiations remain stalled over the next coronavirus stimulus package, a possible September deal appears likely to include a second round of $1,200 stimulus checks. For universal basic income (UBI) supporters, that raises the question: ....

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Businesses balk at payroll tax deferral

In a recent blog post, I predicted that many businesses will decline to participate in the payroll tax deferral that President Trump announced on August 8. In the short time since that announcement, numerous business ....

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Don’t eliminate payroll taxes — unless you want to discourage work

At his Wednesday press briefing, President Trump said “At the end of the year, on the assumption that I win, I’m going to terminate the payroll tax… We’ll be paying into Social Security through the ....

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Payroll tax deferral looks like a whole lot of nothing

On Saturday, President Donald Trump signed a memorandum directing the Treasury Department to allow employers to defer their employees’ Social Security payroll taxes. The administration claims legal authority to take this step under the law ....

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The effect of Trump’s payroll tax deferral is uncertain

This past weekend, President Trump signed one executive order and three executive memoranda with the goal of providing economic relief to individuals and families. One of the memoranda instructs the Treasury Secretary to defer payment ....

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Senator Schumer is upping his own demands on unemployment benefits

Yesterday, Senate Minority Leader Chuck Schumer (D-NY) said the following on the Senate floor regarding ongoing negotiations on extending the $600 federal unemployment benefit bonus: On unemployment insurance, a few Senate Republicans have belatedly accepted ....

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States could extend the $600 unemployment bonus, too

California often leads the way for the rest of the country. The Golden State is home to the first McDonald’s restaurant, the 1970s anti-tax revolt, and even the frisbee. Could California once again lead the ....

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Here’s the economic logic of reducing that $600 bonus unemployment benefit

One of the most contentious parts of the “phase four” economic support and stimulus package floundering in Congress right now: What to do about that $600 weekly federal payment to supplement standard state-provided unemployment benefits? ....

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