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House Tax Writer Talks Infrastructure, Cool to Payroll Tax Cut

March 3, 2020, 6:51 PM

Cutting payroll taxes to juice up the coronavirus-hit economy must “be based on a plan,” not just on emotions, House Ways and Means Committee Chairman Richard Neal (D-Mass.) said about President Donald Trump’s suggestion for such a cut.

Trump said Monday in a tweet that House Democrats should propose a one-year payroll tax cut. Treasury Secretary Steven Mnuchin told reporters after a Ways and Means budget hearing that the idea wasn’t going to be part of the virus emergency supplemental package that is poised to pass Congress.

“But, again, we will look at different tools that ...