Friday, September 24, 2010

Roubini : U.S. Payroll Tax Cut Would Spur Jobs

The U.S. government should use a temporary reduction in payroll taxes to boost employment, New York University Professor Nouriel Roubini said.

“Firms are sitting on cash, but they are perceiving labor costs as being too high,” Roubini, 52, said in a Bloomberg Television interview today. “We have to reduce labor costs by reducing payroll taxes on a temporary basis for employers.”
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