Senator Domenici has a proposal he has crafted to provide immediate economic stimulus and assistance to low- and middle-income workers who have been suffering, as we all have, from the economic downturn. I have signed on with him in support of his measure because his idea, which is a payroll tax holiday for December, would be the easiest, simplest, fairest, and most effective way to get a stimulus of between $38 and $41 billion directly into the pockets of middle and lower income workers in the United States. This is not a tax cut for the rich because anybody who is making over $80,000 a year has already finished making their Social Security or payroll tax, FICA tax, contributions. This would provide, if we can put this in the stimulus package and pass it quickly this month, that you would not send in your FICA tax withholdings or contributions for December. It is simple. Nothing goes in the mail. You don't have to worry about mail deliveries or all the problems we have had. Obviously, most people know we haven't had mail for almost a month in Congress. There are other places where security precautions have delayed the mail. You don't have to go through a complicated system of developing regulations and rules or even cutting checks for a rebate.
Editor's note · Context
Discussing a proposal for a payroll tax holiday to stimulate the economy.
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