If Congress were to pass Mr. Obama’s proposed 50 percent cut for 160 million workers, Clinton says it will add $1,500 to the typical family’s income. That extra money sloshing through the economy will allow people to buy more goods, which may give corporate number crunchers more confidence to add more jobs, he reasons.
Of course, Democrat Clinton would end the Bush-era tax cuts on high-income earners. He says most “independent” studies show the payroll tax cuts have a more positive impact on the economy than the tax cuts for the rich.
