The Lump-Sum Tax Rebate is a Better Stimulus than the Payroll Tax Cut

As Americans face a growing retirement income crisis, expanding and protecting Social Security has become especially vital.  Economic stimulus proposals that include cuts to the payroll tax threaten the dedicated revenue that allows Social Security to work fairly and reliably for Americans who face economic insecurity due to death, disability, and old age.  Moreover, as this fact sheet demonstrates, the payroll tax cut is less effective than other economic stimulus measures, such as the lump-sum tax rebate enacted in 2008.

Lump-Sum Tax Rebate is a Better Stimulus than the Payroll Tax Cut