Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Payroll Tax Holiday

December 17, 2010
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$111.65 billion
Deficit Impact: 
$111.65 billion

The tax cut package included a one-year payroll tax cut of two percentage points on the employee side of the FICA tax, reducing the tax for employees from 6.2 percent to 4.2 percent.


CBO Cost Estimate


Maximum amount and deficit impact represent the peak and net cost of this provision--which are the same--from 2011-2020.

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