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Economists warn that without payroll expansion and rising income from wages, sustaining the economic growth will be difficult once the stimulus weakens.
"The Problem With Pensions" drew the comparison of subway riders, who "have been paying toward their own premiums for a long time," and the transit workers, who have received health insurance as part of their contract without payroll deductions.
If, on average, migrants have less attractive labor market alternatives than natives, employers in a world without payroll taxes might be able to pay migrants less than equally-productive natives (Hotchkiss and Quispe-Agnoli 2009, Depew et al. 2013, Hirsch and Jahn 2015).
Sounding like a Reagan era economist, Summers said "without payroll tax cuts negotiated last Autumn we might be looking at a double dip recession".
Similar(54)
Undaunted, this year the Bush campaign once again insists that privatization will lead to a "permanently strengthened Social Security system, without changing benefits for those now in or near retirement, and without raising payroll taxes on workers".
For example, it said Signorelli had paid himself most of his salary in consulting fees without having payroll taxes withheld.
Omar Minaya, the general manager, told callers that without a payroll figure, which he has not received, he would not discuss trading any of his players.
I do intend to start paying interest on the loans, because that's a pretty good way to take income out of the company without incurring payroll taxes, but I'm not in a big hurry to pay back principal.
As things now stand, without major payroll tax boosts the actual return for our under-age-30 citizens will be decidedly negative.
City officials say that without cutting payroll hours, new health benefits would cost up to $2 million more next year, and that extra expense would trigger layoffs and cutbacks in city services.
It is that revenue that enables Steinbrenner to put together a $183 million payroll without blushing and without issuing cash calls.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com