[20190823]IN11159_工资税削减作为经济刺激：过去的经验和经济考虑.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Payroll Tax Cuts as Economic Stimulus: Past Experience and Economic Considerations Molly F. Sherlock Specialist in Public Finance Donald J. Marples Specialist in Public Finance August 23, 2019 A range of fiscal and monetary policy tools have been used in the past to respond to weak economic conditions and recessions. One of those policy tools, enacted as economic stimulus in December 2010, was a temporary employee payroll tax cut. On August 20, 2019, President Trump expressed interest in proposing a payroll tax cut, although subsequent reports indicate this may not be a policy the Administration intends to actively pursue at this time. 2011-2012 Payroll Tax Cut Payroll taxes are collected to finance certain entitlement programs, including Social Security, parts of Medicare, and Unemployment Compensation (UC). Social Securitys old age, survivors, and disability insurance (OASDI) payroll tax is paid by eligible workers and their employers. The tax equals 6.2% of wages, on the taxable earnings base ($132,900 in 2019). This tax is paid by both employers and employees (with self-employed individuals paying bot