Let us use this as an opportunity to transform our economy and create a stronger society.”Key backgroundDemocrats and Republicans see the next relief bill much differently. Republicans prefer incentivizing work with proposals such as a payroll tax cut and liability insurance for employers, while Democrats want the next relief bill to tide Americans over as the economy begins to reopen. has proposed including a payroll tax cut in a next stimulus package — an idea the White House has rallied behind — which would let working Americans take home bigger paychecks by cutting what employers withhold from worker wages. Brady told the Wall Street Journal that a payroll tax was “more efficient” than more cash payments to Americans. “The payroll tax cut from an economic standpoint is so much more efficient,” he said.

Source: Forbes May 21, 2020 16:33 UTC