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  Summers' Tax Cut Lawrence Summers, back at Harvard after a stint as an economic aide to President Obama, suggests extending the two percentage point reduction in the payroll tax currently in place to three percentage points and also having it apply to the employer's share of the payroll tax. At least I think that's what he's suggesting. Here's the sentence: "Stimulus should be continued and indeed expanded by providing the payroll tax cut to employers as well as employees. Raising the share of payroll from 2 per cent to 3 per cent is desirable, too." Summers' Tax Cut Lawrence Summers, back at Harvard after a stint as an economic aide to President Obama, suggests extending the two percentage point reduction in the payroll tax currently in place to three percentage points and also having it apply to the employer's share of the payroll tax. At least I think that's what he's suggesting. Here's the sentence: "Stimulus should be continued and indeed expanded by providing the payroll tax cut to employers as well as employees. Raising the share of payroll from 2 per cent to 3 per cent is desirable, too."
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