Viard: “The Problem with Eliminating the Payroll Tax”

My AEI colleage Alan Viard writes about tax rforms that would eliminate the Social Security and Medicare payroll taxes:

Nobody loves the payroll tax. But, there’s a reason it’s been used to finance Social Security. If we’re going to change how Social Security is financed, we should do it as part of comprehensive entitlement reform.

Until then, let’s stop using the payroll tax as a political football.

Read on to find out why.