President Donald Trump’s proposed cut in payroll taxes isn’t a sufficient response to the economic threat posed by the coronavirus, and his administration would do better to send cash directly to households, according to the Center on Budget and Policy Priorities.
Payroll tax cuts “would be too slow, not well-targeted, and too narrow” Chye-Ching Huang, senior director of economic policy at the left-leaning group, based in Washington, wrote in a report. It would have more benefit for wealthier households and bypass those who aren’t working or are unable to do so, she said.
Lump-sum payments to households, ...