(2009-02-08) Mankiw Stimulus Proposal

Greg Mankiw has an interesting Economic Stimulus proposal. Cut the Payroll Tax, let governors take that money for 2 years to close State/local budget gaps, compensate with scheduled Gas Tax.

Arnold Kling agrees

• I Commented: Hmm, that seems to treat all fed taxes as one pot, rather than the Payroll Tax going towards Social Security and Medicare, which are already in financial trouble...