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January 16, 2009


Faithful reader

Congress wants to direct the spending so it can play favorites, who will return the favor at election time. If, as some economists have suggested, the government placed a moratorium on collecting payroll taxes, that would immediately put more money in the hands of consumers. In addition, if employers aren't paying payroll taxes, they'll be in a better position to hire people instead of laying them off. How long would the tax holiday have to last to provide the same stimulus value as the most recent round of stimulus checks?

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