Sen. McConnell Calls For Payroll Tax Holiday For 1-2 Years

Senate Republican leader Mitch McConnell said on Monday that he would support a payroll tax holiday in the stimulus plan — an idea that in the past has come from Democratic and liberal quarters. Republicans and conservative think tanks have tended to oppose such a move, arguing that a payroll tax holiday would help individuals who do not necessarily pay income taxes. But McConnell endorsed the idea on Monday. "I'd have a payroll tax holiday for a year or two that would put taxes in the hands of everybody who has a job, whether they pay income taxes or not," McConnell told Fox News. "And, of course, businesses pay the payroll tax too, so it would be both a business tax cut and individual tax cut immediately."