Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: HAL9000
RIP

I suggest we abolish the payroll withholding system he developed (while he was still a Keynesian) in his honor.

115 posted on 11/16/2006 10:23:20 AM PST by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: AdamSelene235

" .. the payroll withholding system he developed (while he was still a Keynesian) ..."

I think it was Albert G. Hart, then a professor of economics at Iowa State, who first put forward what subsequently became the 1943 withholding law. Hart's testimony before Congress was in January 1941, before Friedman started working at Treasury. Friedman was on the Treasury's tax-research staff which evaluated various withholding proposals, including Hart's. I remember reading an interview with Friedman (in Reason magazine, I recall) in which he defended withholding as an emergency wartime measure, but regretted that it was not repealed after the war.


153 posted on 11/16/2006 11:25:33 AM PST by riverdawg
[ Post Reply | Private Reply | To 115 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson